FHA/Department of HUD has lowered maximum loan limits for single family properties to $271050 in most counties of Ohio with the exception of Delaware, Fairfield, Franklin, Hocking, Licking, Madison, Morrow, Perry, Pickaway, & Union counties. In those counties , the maximum FHA loan amount for single family property is $310,500.
This applies for all case numbers issued January 1, 2014. This does NOT apply to streamline refinances without appraisal.
With the minimum downpayment of 3.5% – this brings the maximum sale price to approximately $276,000.