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Home OHIO Home Loans - FHA 2009 Loan Limits.

OHIO Home Loans - FHA 2009 Loan Limits.

FHA has issued ML08-36 (http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ ) That sets the Mortgage Limits for 2009. The Mortgage Limits are a little less than the Temporary Increase that was made to FHA Loan Limits. Below is a chart of the new limits that take effect January 1, 2009.

2009 FHA LOAN LIMITS
Check for Current Limits

The Base FHA Loan Limits Effective 1-1-2009

One-family

Two-family

Three-family

Four-family

$271,050.00

$347,000.00

$419,400.00

$521,250.00

Higher Limits in the Counties Below

County Name

MSA Name

One-Family

Two-Family

Three-Family

Four-Family

DELAWARE

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

FAIRFIELD

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

FRANKLIN

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

LICKING

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

MADISON

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

MORROW

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

PICKAWAY

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

UNION

COLUMBUS, OH (MSA)

$310,500

$397,500

$480,450

$597,100

All Other

All Other Counties

$271,050

$347,000

$419,400

$521,250

PLEASE NOTE: This notice is accurate as of the date of printing, however, we reserve the right to make subsequent changes at any time with regard to any matter covered in this notice as a result of a change in policy, law regulation or otherwise.

Because FHA is one of the most popular programs today for buyers with less than 10% down this change may affect some of the borrowers you are working with.

These new limits will also apply to Ohio 203K Loans and Ohio Reverse Mortgages.

Posted Tuesday Nov 11