WHAT ARE THE LIMITS ON FHA LOANS?

FHA loans are open to all qualified home buyers, and FHA loans are generally large sums that can cover any median priced home in the country. FHA loans require mortgage insurance, a small fee that can go up to three percent of the loan amount. This fee is paid with closing costs and is used to insure the loan with FHA.

FHA loan limits vary by county and can be found online for every state and county in the U.S. through the Federal Housing and Urban Development Web site, and the lender who originates your new home loan will have the most up to date information on FHA loan limits.



MORTGAGE Q&As

What is a Loan that Originated in a Portfolio?
What is the "Secondary Market"?
What Kind of Documents are Required for a Loan?
What is a Credit Check and Who Performs Them?
What Does a Lender Have to Disclose to You by Law?
What is PITI?
Why Do I Need Private Mortgage Insurance (PMI)?
Where Do I Get Private Mortgage Insurance (PMI)?
What is an Interest-Only Loan?
What are the Limits on FHA Loans?
What Is Seller Financing?
What are the Primary Institutions of Money and Mortgages?
What is the Advantage of Using a Broker for my Home Loan?

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