Continuing Resolution

December 3, 2010 by USA Post 

Continuing Resolution, The Department of Housing and Urban Development is extending the loan limits official of the Federal Housing Administration, on Wednesday.

Under the provisions of the recent continuing resolution (CR), the FHA loan limit for the national program remains HECM and 625,500 according to ML 2010-42. In areas of special exception (AK / HI / GU / VI), the amount of maximum demand on mortgage loans and HECM is 625,500.

The loan limit is in effect for all FHA reverse mortgages have been granted a number of cases from January 1, 2011 to September October 30, 2011. The full schedule of FHA loan limits, including term loans and mortgages HECM, is available here. In addition, downloadable files, with a complete list of all counties and their loan limits can be found on HUD’s website.

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