FHA has announced the New FHA Loan Limits. Below is a table that shows those new amounts.
The Current Base FHA Loan Limits Effective 3-5-2008: |
| |||
One-family | Two-family | Three-family | Four-family | |
$271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 | |
| County Name | MSA Name | One-Family | Two-Family | Three-Family | Four-Family |
| ASHTABULA | ASHTABULA, OH (MICRO) | $291,250 | $372,850 | $450,700 | $560,100 |
| ATHENS | ATHENS, OH (MICRO) | $432,500 | $553,650 | $669,250 | $831,750 |
| BROWN | CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) | $337,500 | $432,050 | $522,250 | $649,050 |
| BUTLER | CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) | $337,500 | $432,050 | $522,250 | $649,050 |
| CARROLL | CANTON-MASSILLON, OH (MSA) | $277,500 | $355,250 | $429,400 | $533,650 |
| CLERMONT | CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) | $337,500 | $432,050 | $522,250 | $649,050 |
| CUYAHOGA | CLEVELAND-ELYRIA-MENTOR, OH (MSA) | $298,750 | $382,450 | $462,300 | $574,500 |
| DELAWARE | COLUMBUS, OH (MSA) | $341,250 | $436,850 | $528,050 | $656,250 |
| FAIRFIELD | COLUMBUS, OH (MSA) | $341,250 | $436,850 | $528,050 | $656,250 |
| FRANKLIN | COLUMBUS, OH (MSA) | $341,250 | $436,850 | $528,050 | $656,250 |
| GEAUGA | CLEVELAND-ELYRIA-MENTOR, OH (MSA) | $298,750 | $382,450 | $462,300 | $574,500 |
| GREENE | DAYTON, OH (MSA) | $271,250 | $347,250 | $419,750 | $521,650 |
| HAMILTON | CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) | $337,500 | $432,050 | $522,250 | $649,050 |
| LAKE | CLEVELAND-ELYRIA-MENTOR, OH (MSA) | $298,750 | $382,450 | $462,300 | $574,500 |
| LICKING | COLUMBUS, OH (MSA) | $341,250 | $436,850 | $528,050 | $656,250 |
| LORAIN | CLEVELAND-ELYRIA-MENTOR, OH (MSA) | $298,750 | $382,450 | $462,300 | $574,500 |
| MADISON | COLUMBUS, OH (MSA) | $341,250 | $436,850 | $528,050 | $656,250 |
| MEDINA | CLEVELAND-ELYRIA-MENTOR, OH (MSA) | $298,750 | $382,450 | $462,300 | $574,500 |
| MERCER | CELINA, OH (MICRO) | $292,500 | $374,450 | $452,600 | $562,500 |
| MIAMI | DAYTON, OH (MSA) | $271,250 | $347,250 | $419,750 | $521,650 |
| MONTGOMERY | DAYTON, OH (MSA) | $271,250 | $347,250 | $419,750 | $521,650 |
| MORROW | COLUMBUS, OH (MSA) | $341,250 | $436,850 | $528,050 | $656,250 |
| PICKAWAY | COLUMBUS, OH (MSA) | $341,250 | $436,850 | $528,050 | $656,250 |
| PORTAGE | AKRON, OH (MSA) | $330,000 | $422,450 | $510,650 | $634,600 |
| PREBLE | DAYTON, OH (MSA) | $271,250 | $347,250 | $419,750 | $521,650 |
| STARK | CANTON-MASSILLON, OH (MSA) | $277,500 | $355,250 | $429,400 | $533,650 |
| SUMMIT | AKRON, OH (MSA) | $330,000 | $422,450 | $510,650 | $634,600 |
| UNION | COLUMBUS, OH (MSA) | $341,250 | $436,850 | $528,050 | $656,250 |
| VAN WERT | VAN WERT, OH (MICRO) | $301,250 | $385,650 | $466,150 | $579,300 |
| WARREN | CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) | $337,500 | $432,050 | $522,250 | $649,050 |
| All Other Counties | All Other Counties | $271,050 | $347,000 | $419,400 | $521,250 |
Please have your FHA Buyers Call Me for the BEST Rates
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Hi Tim: I was a Realtor in Northeastern Ohio for nine years, and like to keep up on what is going on in the Cleveland area. Thanks so much for publishing these new FHA mortgage limits. I appreciate it. I was mostly active in the Lake County area, primarily in Mentor. Do you do much business there ?
Karen,
Thanks for your comment. I have always lived and worked the westside of Cuyahoga County and Eastern Lorain County. Hope business down in there is more active than up this way. Prices on homes are great and Interest Rates are great also.
Give me a call. The company I work for has been in business since 1959. I have been with them since 1990 and prior to that 20 years with a bank.
Thanks for the info - I sell in the Cleveland Ohio area & appreciate this!
Is the fha rates going up in October 2008. I am interested in greene and montgomery county.
Thanks
Les
Les, I do not have a way to send you a message directly. Interest Rates are always changing, so to predict what they will be is impossible. Because you mention the October 2008 date, I suspect you are referring to the FHA MIP. Between 7/14/08 and 10/1/08 we are using tiered pricing. In some cases it is lower than what it was before FHA imposed Risked Based MIP. President Bush said he was suspending the implementation of the Risk based pricing effective 10/1/08. that will take it back to the old 1.50% and .50% monthly. As of yet HUD has not issued a mortagee letter to make Bush's statement official.
Send me a message from my profile page if you have any questions.