Thursday, September 1, 2011

FHA Loan Limits Are Going Down

The maximum loan amount for FHA loans is going DOWN beginning October 1, 2011. Here are the current limits and the new limits for the Denver area:

Metro Counties
Current limit (until the September 30, 2011) = $406,250
New limit (after October 1, 2011) = $368,000

Boulder County
Current limit (until the September 30, 2011) = $460,000
New limit (after October 1, 2011) = $402,500

Need to find the limits for a property in a different location? Here's the link to get to the web site that will give you all the loan limits in the country:
https://entp.hud.gov/idapp/html/hicostlook.cfm

Here's how to use the web site:

• From the SORTED BY menu, select County
• Select the state
• From the LIMIT TYPE menu, select FHA Forward for FHA loans
• In the LIMIT YEAR menu, make sure the correct date range is selected
• Click on SEND and you will get the loan limits

Have a question about how to find the loan limits? Call us at 303-345-3683.


Getting a loan approved is easy - if you know what to do. The Mortgage Experts know what to do!!!

Make sure you check out our web site:
www.mtgsupportservices.com

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