The Federal Housing Administration has posted its maximum loan limits for FHA loans as a downloadable PDF. The loan limits are effective between October 1, 2011 to December 31, 2012.
But the official announcement of the 2012 FHA loan limits requires a bit of additional reading for some borrowers who applied or will apply for an FHA loan between certain dates prior to the new year.
According to HUD Mortgagee Letter 2011-39, for forward mortgages (new purchase FHA home loans, for example, as opposed to reverse mortgages or HECM loans) issued between November 18, 2011 through December 31, 2011,
“The Forward loan limits (floor, ceiling and county loan limits) that were in effect from January 1, 2011 through September 30, 2011, as announced in ML 10-40, shall apply for case numbers assigned from November 18, 2011 through December 31, 2011.”
The FHA mortgagee letter also states for all loans between January 1, 2012 through
December 31, 2012, “The FHA Floor and Ceiling loan limits will remain the same as those that were in effect from January 1, 2011 through September 30, 2011,
as announced in ML 10-40. The individual county loan limits contained in Attachments I and II of this Mortgagee Letter will be in effect.”
You can read about those limits by viewing FHA Mortgagee Letter 2011-39 at the FHA official site.