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2012 FHA and FHA 203k Mortgage Loan Limits in Wisconsin Illinois Minnesota Florida
HUD Announces FHA and FHA 203k Mortgage Loan Limits for 2012
Effective January 1, 2012 to December 31, 2012 For Forward mortgages with case numbers assigned on or after January 1, 2012 through December 31, 2012: The FHA Floor and Ceiling loan limits will remain the same as those that were in effect from January 1, 2011 through September 30, 2011, as announced in ML 10-40. The individual county loan limits contained in Attachments I and II of this Mortgagee Letter will be in effect. The FHA national loan limit “floor” remains at 65 percent of the national conforming loan limit (which remains at $417,000 for a one unit property) for the period November 18, 2011 through December 31, 2012. Any area where the loan limits exceed the “floor” is a high cost area. The FHA national loan limit “ceiling” is at 175 percent of the national conforming loan limit. In areas where 115 percent of the median house price (of the highest cost county) exceeds 175 percent of the conforming loan limit, the FHA loan limits remain at 175 percent of the conforming loan limit. The following table illustrates FHA loan limits for low cost and high cost areas. Low Cost Area "Floor" One-Unit $271,050 Two-Unit $347,000 Three-Unit $419,400 Four-Unit $521,250 High Cost Area "Ceiling" One-Unit $729,750 Two-Unit $934,200 Three-Unit $1,129,250 Four-Unit $1,403,400 View the full Mortgagee Letter from HUD View 2012 Areas between "Floor" and "Ceiling" View our FHA and FHA 203k pages for detailed program information. --loan limits below-Wisconsin, Illinois, Minnesota and Florida High cost areas and their updated loan limits: Illinois FHA Loan Limits: $410,000 Loan Amount Limit Cook County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lake County, McHenry County and Will County $339,250 Loan Amount Limit Boone County and Winnebago County $281,250 Loan Amount Limit Bond County, Calhoun County, Clinton County, Jersey County, Macoupin County, Madison County, Monroe County and St. Clair County $271,050 Floor Loan Amount Limit All other Illinois counties not listed above
Wisconsin FHA Loan Limits: $410,000 Loan Amount Limit Kenosha County $365,000 Loan Amount Limit Pierce County and St. Croix County $315,000 Loan Amount Limit
http://www.madisonmortgageguys.com/announcements/FHA_loan_limits.htm[2/7/2012 2:11:25 PM]
2012 FHA and FHA 203k Mortgage Loan Limits in Wisconsin Illinois Minnesota Florida
Milwaukee County, Ozaukee County, Washington County and Waukesha County $293,750 Loan Amount Limit Columbia County, Dane County and Iowa County $278,750 Loan Amount Limit Walworth County $271,050 Floor Loan Amount Limit All other Wisconsin counties not listed above
Minnesota Loan Limits: $365,000 Loan Amount Limit Anoka County, Carver County, Chisago County, Dakota County, Hennepin County, Isanti County, Ramsey County, Scott County, Sherburne County, Washington County and Wright County $296,250 Loan Amount Limit Cook County $271,050 Floor Loan Amount Limit All other Minnesota counties not listed above
Florida Loan Limits: $729,750 Loan Amount Limit Monroe County $531,250 Loan Amount Limit Collier County $442,500 Loan Amount Limit Manatee County and Sarasota County $423,750 Loan Amount Limit Broward County, Dade County and Palm Beach County $396,250 Loan Amount Limit Bay County $387,500 Loan Amount Limit Baker County, Clay County, Duval County, Nassau County and St. Johns County $375,000 Loan Amount Limit Martin County and St. Lucie County $362,790 Loan Amount Limit Walton County $356,250 Loan Amount Limit Lee County $353,750 Loan Amount Limit Lake County, Orange County, Osceola County and Seminole County $312,500 Loan Amount Limit Okaloosa County $305,000 Loan Amount Limit Franklin County $303,750 Loan Amount Limit Volusia County $296,250 Loan Amount Limit Charlotte County $292,500 Loan Amount Limit Hernando County, Hillsborough County, Pasco County and Pinellas County $291,250 Loan Amount Limit Brevard County $287,500 Loan Amount Limit Flagler County $283,750 Loan Amount Limit Indian County $278,750 Loan Amount Limit
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2012 FHA and FHA 203k Mortgage Loan Limits in Wisconsin Illinois Minnesota Florida
Sumter County $271,050 Floor Loan Amount Limit All other Florida counties not listed above The above loan limits are for single family homes. 2-4 family properties have different maximum loans amounts which can be checked at the link below. Many low-income and first time homebuyers are attracted to FHA because the agency requires only a 3.5% down payment. additional FHA information Search FHA Maximum County Mortgage Limits by State Illinois FHA Loan Limits (PDF) Sorted by County Wisconsin FHA Loan Limits (PDF) Sorted by County Minnesota FHA Loan Limits (PDF) Sorted by County Florida FHA Loan Limits (PDF) Sorted by County FHA Mortgage Rates About Us Mortgage Programs Apply Online Contact Us Copyright © 2012 www.MadisonMortgageguys.com All rights reserved. Terms | Privacy Policy | Licenses | Contact Us INLANTA is a trademark of Inlanta Mortgage, Inc.
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