FHA Follows Fannie Mae and Freddie Mac!
Friday, February 27th, 2009
The Federal Housing Administration (FHA) followed Fannie Mae and Freddie Mac and announced they would match loan limits across the United States. That means in San Diego County, the FHA loan limit for a single home purchase is $697,500 and in Riverside County the FHA limit is $500,000.
“February 24, 2009
MORTGAGEE LETTER 2009-07
TO: ALL APPROVED MORTGAGEES
SUBJECT: Loan Limit Increases for FHA
This Mortgagee Letter provides information on Federal Housing Administration (FHA) single family loan limits that have changed as a result of the American Recovery and Reinvestment Act of 2009 (ARRA) signed into law on February 17, 2009. These limits are effective for those loans for which credit is approved in calendar year (CY) 2009 and will remain in effect until December 31, 2009. “
