New 2018 FHA Mortgage Limits
As always, Stockton is trying to keep the real estate community informed of changes that could affect them or their buyers. A recent announcement from HUD will affect most areas in the country. Many areas are going to experience an increase in FHA loan limits this coming year; in fact, we will see these limits rise in 3,011 counties. This is due to the increases in median housing prices which then required changes to the floor and ceiling limits. Single Family loan limits are at 115% of the median house prices, of course this amount is subject to the FHA floor and ceiling limits. Below are the 2018 FHA Loan Limits for Kentucky, Indiana, Ohio, Tennessee, and North Carolina. For all other states/counties please refer to this page.
Want to learn more? Give us, at Stockton Mortgage Corporation, a call! With our 99% customer satisfaction rating you can count on us to guide you and your client in the right direction! Stockton Mortgage Corporation 1-888-914-2276
Source: https://www.hud.gov/press/press_releases_media_advisories/2017/HUDNo_17-110.