FHA Loan Limits Set to Drop

Buyers of new residential homes may want to race to complete deals as FHA loan limits are set to drop around the nation. According to an analysis by the FHA, loan limits on government-insured mortgages are likely to decline in 669 of the 3,334 counties or county equivalents when the ceilings revert back to the levels determined under the Housing and Economic Recovery Act of 2008.  Unless Congress says otherwise, the shift will take place on Oct. 1. >> More