Thursday, September 15, 2011

Mortgage loan limits may decline Oct. 1

WASHINGTON - Sept. 14, 2011 - Fannie Mae, Freddie Mac and Federal Housing Administration (FHA) loan limits shrink a bit starting on Oct. 1, though the Florida impact will be felt mainly in high-cost home areas.




The U.S. Department of housing and Urban Development has a searchable database for loan limits, both FHA and Fannie Mae/Freddie Mac, on its website. To see statewide numbers, select only "Florida" and "county" for a search. Change the dates under "Limit Year" to see either the current rates or the rates effective after Oct. 1.



https://entp.hud.gov/idapp/html/hicostlook.cfm

For the record the National Association of Realtors has protested this potential mortgage limit change.

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