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FHA 2009 Down Payment Requirements
December 16th, 2008 11:58 AM

FHA Down Payment Requirements

Effective with new case number assignments on or after January 1, 2009, the minimum down payment requirement on purchase transactions increases to 3.5% (from 3%) of the lesser of the appraised value or sales price. This amount is in addition to any borrower closing costs

Posted by John Aiossa on December 16th, 2008 11:58 AMPost a Comment (0)

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FHA High Balance Loan Limits 2009
December 13th, 2008 12:11 PM

FHA High Balance Loan Definition

FHA loans with loan amounts greater than the standard loan amounts are considered to be FHA High Balance loans. Refer to the table below for an outline of the maximum loan amounts available on FHA High Balance loans.

Property Type  Contiguous States Maximum
High Balance Loan Amount 		 Alaska & Hawaii Maximum
High Balance Loan Amount 
1 Unit  $625,500  $938,250 
2 Unit  $800,775  $1,201,150 
3 Unit  $967,950  $1,451,925 
4 Unit  $1,202,925  $1,804,375 

Posted by John Aiossa on December 13th, 2008 12:11 PMPost a Comment (0)

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FHA Standard Loan Limits 2009
December 13th, 2008 12:11 PM

FHA Standard Loan Definition

FHA loans within the below-referenced loan amounts are considered to be standard FHA loans.

Property Type  Contiguous States Maximum
Standard Loan Amount 		 Alaska & Hawaii Maximum
Standard Loan Amount 
1 Unit  $417,000  $625,500 
2 Unit  $533,850  $800,775 
3 Unit  $645,300  $967,950 
4 Unit  $801,950  $1,202,925 


Posted by John Aiossa on December 13th, 2008 12:11 PMPost a Comment (0)

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