2017 Changes

Last week it was announced the conforming loan limits would be raised to $424100 from $417,000.

It was also announced that the maximum FHA loan limits were being raised for 2017 also. For Cuyahoga, Lake, Lorain, Medina, Erie, Huron, Sandusky, Ottawa, Wayne and Summit counties the maximum FHA loan amount for 2017 for a single family home is going up to $275, 665.

See links below for info all around the United States.

http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Increase-in-Maximum-Conforming-Loan-Limits-for-Fannie-Mae-and-Freddie-Mac-in-2017.aspx

 

http://www.nationalmortgagenews.com/news/origination/fha-increases-loan-limits-for-2017-1091973-1.html

To search for maximum FHA loan limits by state & county:

https://entp.hud.gov/idapp/html/hicostlook.cfm

 

 

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About lizschneider66

Mortgage consultant with over 18 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news.
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