United States:
The Federal Housing Administration Announces New Loan Limits For 2016
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On December 9, 2015, the Federal Housing
Administration
("FHA") announced its
schedule of loan limits for the
2016 calendar year. The new schedule, effective January 1, 2016,
raises loan limits in 188 counties and are a result of changes in
housing prices in the respective areas. These loan limits are
effective for case numbers assigned on or after January 1, 2016,
and will remain in effect until 2017. FHA's Loan Limits Page. Press Release.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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