NMLS
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| FHA Jumbo Loan Programs ![fha jumbo loan](https://fhagovernmentloans.org/images/fha%20jumbo%20loan.jpg) Effective March 6, 2008, HUD offered temporary FHA Jumbo Loan Limits that will range from $271,050 to $729,750 (Limits). Overall, the change in loan limits will help provide economic stability to America's communities. The maximum amount of $729,750 will only be applicable to extremely high-cost metropolitan areas. Previously, FHA's loan limits in these very high-cost areas were capped at $362,790. The Economic Stimulus Act of 2008 permits FHA to insure loans on amounts up to 125 percent of the area median house price, when that amount is between the national minimum ($271,050) and maximum ($729,750). The new minimum and maximum loan limits are based on 65 percent and 175 percent of the conforming loan limits for Government-Sponsored Enterprises in 2008, which is $417,000. The FHA used a combination of existing government data sets and available commercial information to determine the median sales price for each area. The change in loan limits are applicable to all FHA Insured Mortgage Loans endorsed with the HUD publication of the increased loan limits today, and it is temporary. With the number of homeowners applying daily, it is important for you to act quickly, so please, Apply Now so that our FHA Mortgage Specialists can help you, today.
| FHA Jumbo Loan Programs | FHA Loan Information The FHA does not lend money. The FHA (Federal Housing Administration) is part of HUD & backs individual Approved Lenders. Our responsibility is to help you find the best FHA Approved Lender who can help you secure financing. When you fill in our short application we will provide your information to one, (and only one) FHA Approved Lender who can help you based upon many factors, including your Credit Score, your State Location, and the Type of Loan you apply for. Our responsibility is to help you find the best FHA Approved Lender who can help you secure financing. Note: We are not affiliated with the Federal Housing Administration, the Department of Housing and Urban Development, or any other government agency. We are an FHA Educational Resource. Read more FHA News & Information Last week's drop in interest rates sparked a surge in purchase mortgage application volume for the first time in over a month. | |