The Federal Housing Administration (FHA) has increased mortgage loan limits in 3,053 counties across the United States this year. The FHA action follows a similar move by the Federal Housing Finance.
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“FHA is committed to ensuring its mortgage insurance programs remains viable and effective in the long term for all parties involved, especially our taxpayers,” the letter stated. “As such, more.
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The federal housing administration announced thursday that nearly every area of the U.S. will see fha loan limits increase in 2018. The new loan limits will take effect for FHA case numbers assigned.
Millennials continue to stake the majority claim in housing, with the ellie mae millennial tracker for January showing millennials comprising 84 percent of closed loans, 35 percent of which were FHA.
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The idea behind the change is to look more closely at the FHA loans that are being originated in the market to try to lessen the risk facing the FHA’s flagship insurance fund. And it seems like those.