FHA 2017 Loan Limits

On Dec. 1, 2016, the Federal Housing Administration (FHA) released its 2017 Loan Limits. In high-cost areas the FHA national loan limit “ceiling” will increase to $636,150 from $625,500. The “ceiling is set at 150 percent of the national conforming limit of $424,100, which increased from $417,000 this year and was the first increase in the national conforming limit since 2006. FHA will also increase its “floor” to $275,665 from $271,050. The “floor” is set at 65 percent of the national conforming limit of $424,100. The standard loan limit for lower… Read More