HUD Releases New FHA, Conforming Loan Limits

WASHINGTON, March 06, 2008 - The U.S. Department of Housing and Urban Development today published new FHA and conforming loan limits, based on median home prices as mandated by the Economic Stimulus Act signed by President Bush in February. New loan limits for FHA and Fannie Mae and Freddie Mac are now calculated at 125 percent of the HUD published median prices, with a floor of $271,050 and $417,000, respectively, not to exceed $729,750. NAR expects the impact on the housing market to be significant because of the infusion of capital into the mortgage market, which should result in lower interest rates across the board. In addition, there will be a direct impact on high-cost areas that previously required borrowers to take out costlier jumbo mortgages.

NAR's Chart of New FHA and GSE Loan Limits (PDF: 239K)
This is a chart that outlines both the new FHA and GSE Loan Limits for every county in the United States.
Please note: To verify the NAR numbers visit the HUD Website:
https://entp.hud.gov/idapp/html/hicostlook.cfm
Enter your state and/or county and the type of limit you want to find in the drop-down menu called "Limit Type." (FHA, HECM, Freddie Mac/Fannie Mae).
This FHA database features an interactive US map, which provides county-by-county loan limits information.
OFHEO's Chart of Areas with Higher GSE Conforming Loan Limits> (PDF: 21K)
This chart includes just the metropolitan statistical areas, micropolitan statistical areas, and rural counties that now have conforming loan limits above $417,000, organized by state.