Although the loan limits on high-balance conforming mortgage loans may be decreasing significantly in coming months, FHA mortgages should not be affected by those changes.
Historically, FHA has simply mirrored the conventional conforming limits for their own limits. However, in August 2009, Congress passed HR 3288, which maintains for 2010 the $417k limit on “normal” FHA loans and the $729,500 limit on “high-balance” FHA loans in high-cost areas, and the Senate is expected to pass a version that similarly maintains those limits for 2010.
If those limits do look likely to change for 2010, though, we will definitely let you know.
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