2009 FHA and Conforming Loan Limit Changes

As you who visit the REW blogs on a regular basis already know, we try our best to keep you abreast of important changes in the lending industry when we can. To that end, I wanted to make a quick post and let you all know about the 2009 changes to the FHA and Conforming loan limits. We made a post about these changes at our Southwest Florida Blog - HUD Announces New Permanent FHA Mortgage Loan Limits, but I also wanted to give you folks the HUD links so you can look up the new FHA and Fannie/Freddie loan limit changes for your own individual counties.

To find your counties 2009 loan limits, visit https://entp.hud.gov/idapp/html/hicostlook.cfm. Just choose your state, enter your county name and select the appropriate loan limit type and the limit year CY2009. HUD also has a comprehensive listing of the new loan limits in all counties throughout the country available for downloading. For more information, visit HUD's site at: http://www.hud.gov/pub/chums/file_layouts.html.

With the new Federal Housing Finance Agency (FHFA) index keeping the national conforming loan limit at $417,000 again this year and the temporary maximum loan limit of $729,750 (from the 2008 Stimulus Package) set to expire in December, some of the county by county changes may be fairly dramatic. So, be sure to check yours out!