For those looking to buy a home with a “new purchase” FHA single-family home loan, it’s a good idea to get familiar with FHA loan guaranty limits for your area. This information is found on the FHA/HUD official site at http://portal.hud.gov/hudportal/documents/huddoc?id=14-25ml.pdf.
That link is a downloadable .PDF titled “Federal Housing Administration’s (FHA) Maximum Loan Limits Effective for Case Numbers Assigned on or after January 1, 2015 through December 31, 2015”.
For borrowers interested in FHA refinance loans, you can learn about your cash-out or streamline refinance loan options at the FHA/HUD official site, which features pages for both streamline and cash out loans.
For FHA Streamline Refinancing: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/buying/streamli
FHA rules for maximum loan amounts on Cash-Out/No Cash Out refinance loans: http://portal.hud.gov/hudportal/documents/huddoc?id=4155-1_3_secB.pdf
Those interested in FHA Home Equity Conversion Mortgages (HECM) should know that the FHA HECM program has changed a great deal in 2014. Learn about the current state of the FHA HECM program and how it works:
There is much more to learn about FHA single-family loans in general. If you need more information, check out the FHA Single Family page:
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