New FHA Mortgage Loan Limits 2008 Updated FHA Guidelines for State and Counties
Low Rate Solutions for Refinance and Purchase
Higher FHA Loan Amounts Help Refinance & Combine 1st and 2nd Mortgages
HUD increased FHA mortgage loan limits for refinance or purchase loans in 2008 up to $729,750 in high cost areas across the country. Whether you need to refinance out of your high rate ARM or get cash out and consolidate bills, our FHA lenders can help you with FHA mortgage loans. Our loan officers will help you understand FHA guidelines and lending requirements.
With so many conventional mortgage companies going out of business, FHA home loans have become the best solution for most homeowners when refinancing into a fixed rate 30 year mortgage. According to, Nationwide Chief Economist, Kevin Grant, "Times have changed and homeowners need to adapt fast before they fall behind on their mortgage payments. Clearly it's a lot easier to qualify for a low rate mortgage when your credit indicates a good mortgage payment history."
FHA Loan Limits were Increased to over $700,000 in certain high cost areas. FHA raised their mortgage limits a minimum of 25% from the 2007 limits outlined by HUD.
The new FHA loans have saved many families from their expensive adjustable rate loans because they offer low interest rates and require very little equity.
•
97.15% New Home Financing to $708,952
•
97.15% Rate and Term Refinancing to $708,952
•
85% Cash Out Refinance Loans to $620,287
•
95% Cash Out Mortgage Refinancing to $396,150
New FHA Mortgage Loan Limits by MSA, County and State: Select a state below to get specific details for the recently increased FHA loan limits. FHA mortgage restrictions do vary by county and state, so select one of the state links below to get started.
Nationwide Mortgage Loans' spoke to PR Web recently about the positive impact the new FHA loan limits may have with homeowners looking to refinance their ARM into a fixed rate mortgage.
Resource Tools
Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.
Ask our experienced FHA specialists if the new FHA increased loan amounts will benefit your home financing needs.
Maximize our FHA knowledge with government refinancing. Keep in mind that FHA guidelines vary based on MSA and cost of living indexes by state and county.
The increased FHA Loan Limits Help Thousands of Homeowners!
