Wisconsin and Illinois 2009 FHA Mortgage Loan Limits

WASHINGTON - U.S. Department of Housing and Urban Development Secretary Steve Preston today announced the new Federal Housing Administration (FHA) loan limits for single-family homes as prescribed by the Housing and Economic Recovery Act of 2008.
By: Madison Mortgage
 
 
Nov. 12, 2008 - PRLog -- Beginning January 1, 2009, FHA will insure single-family home mortgages up to $271,050 in low cost areas and up to a maximum of $625,500 in high cost areas. The February 2008 Stimulus Package temporarily raised the FHA maximum to $729,750 through December 31, 2008. The new $625,500 maximum, however, represents a significant increase over the $362,790 limit that was in effect prior to the Stimulus Package.

Illinois and Wisconsin High cost areas and their loan limits:

Illinois High Cost Areas:
$365,700 Loan Amount Limit
Cook County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lake County, McHenry County, Will County

$339,250 Loan Amount Limit
Boone County and Winnebago County

Wisconsin High Cost Areas:

$365,700 Loan Amount Limit
Kenosha County

$318,550 Loan Amount Limit
Pierce County and St. Croix County

$281,750 Loan Amount Limit
Milwaukee County, Ozaukee County, Washington County and Waukesha County

Many low-income and first time homebuyers are attracted to FHA insured loans because the agency requires only a three-percent down payment.
additional FHA information

Yyour Wisconsin and Illinois FHA mortgage broker:

Toll Free: (877) 240-5810
dennis.hardy@madisonmortgageguys.com
http://www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

FHA loan limit announcement: http://www.madisonmortgageguys.com/announcements/FHA_loan...

# # #

Yyour local Illinois and Wisconsin mortgage broker, offers first time home buyer, cash out refinance, jumbo, lot loans, no money down, 100% financing, interest only, my community mortgage, FHA loans, VA and rural housing.
End
Email:Contact Author
Phone:877-240-5810
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Page Updated Last on: Apr 07, 2011



Like PRLog?
9K2K1K
Click to Share