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Home » FHA loan limits remain unchanged for 2015
Policy & Issues

FHA loan limits remain unchanged for 2015

December 8, 2014

WASHINGTON (12/9/14)--Federal Housing Administration loan limits for 2015 will remain unchanged from 2014 levels, the agency has announced. The limits, which are the maximum loan amount the government will buy and guarantee from private lenders, are set at $625,500 for high-cost areas and $271,050 for low-cost areas. They will be effective for case numbers assigned between Jan. 1 and Dec. 31, 2015.

The floor for the FHA's limit applies to areas where 115% of the median home price is less than 65% of the national limit. The ceiling is 150%, applying to areas where 115% of the median home price exceeds 150% of the conforming loan limit.

Mortgage loan limits for FHA-insured reverse mortgages will also remain unchanged, with a maximum claim amount of $625,500, with actual loan limits based on property value, borrower age, and current interest rates.

Loan limits are recalculated each year based on a percentage calculation of the national conforming loan limit.

A letter has been sent to all FHA-approved mortgagees, with the new limits, an explanation and a breakdown of how limits are calculated.

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