The Federal Housing Administration (FHA) has left loan limits unchanged for both forward (purchase and refinance mortgages), as well as Home Equity Conversion Mortgages (HECM). Home Equity Conversion Mortgages are commonly referred to as reverse mortgages and the statutory limit remains unchanged at $ 625,000. These limits will be in effect through 12/31/2012.
To lookup the FHA maximum loan limits for a specific county click on the link below or go directly to the FHA website.
http://ping.fm/5Qvkw
After flip flopping back and forth, VA has announced that there will be no change in funding fees from pre October 1, 2011 levels.
As always, I look forward to your questions and comments.
Best, Chip
Chip Allen
Crestline Mortgage Bankers
A Division of Universal Lending Corp
Direct: 303.947.2109
Fax: 303.987.0676
Loanchip@hotmail.com
Colorado Mortgage Broker License # 100019831
NMLS# 378621
Your Lender for Life!
When people you care about need a mortgage,
for purchase or refinance, please do not keep me a secret.
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