Texas Home Lending News

FHA LOAN LIMITS INCREASE, MORE OPPORTUNITY FOR YOUR CLIENTS

December 8th, 2021 10:46 AM by Shawn Smith NMLS#863501

 
 
There could be more opportunities on the table for your clients!

The Federal Housing Administration (FHA) has just raised its loan limit by 18% to a maximum amount of $420,680 in most areas. In certain high cost areas, it’s $970,800. Limits will take effect in 2022.

This means your buyers can take advantage of FHA program benefits, including:
  • Low down payment options
  • Lower total cash-to-close requirements with gift or seller contributions
  • Ability to combine purchase and rehab financing
  • In some high-cost areas, higher loan limits than conventional mortgages
In some lower-cost areas or those with higher costs of construction, limits will vary.

If you or your clients have any questions about FHA programs or limits in our area, please reach out. I’ll be glad to help!

 
 





Shawn Smith
MLO/Broker | NMLS # 863501

(214) 396-3650 | Mobile: (817) 706-8619
shawn@sublimefinancial.com

www.sublimefinancial.com
Sublime Financial, LLC
14785 Preston Rd Dallas TX 75254




NMLS # 1134044

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