FHA, Home Sales, Interest Rate News, Loan Information, Northern Virginia Real Estate
FHA Loan Limits
November 21, 2011 by Jeff Thomas · Leave a Comment
Effective Friday, November 18, FHA has raised loan limits to $729,750.
Fairfax, VA – You can check individual counties for limits using this link:
Fannie & Freddie’s loan limits remain at $625,500!
FHA requires 3.5% down with a higher loan limit.
Conventional loans, 5% down with a lower loan limit.
Does this make sense to you? I guess nothing makes sense these days but we think that Fannie and Freddie may very likely follow FHA. Waiting for the President to sign.
The new FHA limits are effective through 2013.
