ANOTHER FHA mortgage maximum loan limit changeBy
A few weeks ago I made a post about the new San Diego FHA loan limits effective October 1, 2011. Effective immediately HUD has changed the FHA loan limits once again for San Diego and all other counties. The new loan limit is going to help out homebuyers in the higher price ranges because instead of $546,250 the FHA loan limit has been changed back to $697,500 for single family homes.
While the conforming loan limits that Fannie Mae and Freddie Mac have set decreased to $546,250 for San Diego County higher FHA loan limits will help bridge the gap for higher-end homebuyers helping home values in the over $600,000 price range.