Today the loan limit for FHA loans is about $363,000 in high cost areas and lower in other areas. The new economic stimulus package that the White House and the Democrats in the House of Representatives worked out last Thursday will increase those loan limits dramatically (assuming it can get past the Senate in the next few weeks as Senate Majority leader Harry Reid is projecting). But what will the new limits actually be. Turns out nobody know yet. The could be as high as double, or perhaps less. For those of you who want a sneak peek — Here is a recent article in the WSJ Online with some speculations on the new limits.
Comments Off on What will the new loan limits be? Posted by G.R.A. Admin on Sunday, January 27th, 2008