FHA Increases Loan Limits

Posted In: Mortgage Refinance
Responding to the bursting of the housing bubble that happened in the last quarter of 2007 and which continues to be felt to the present day, the FHA (the Federal Housing Administration) has eased off on some of its loan-approval guidelines and raised many restrictions on loan amount maximums. The FHA changes were passed by a vote of 93 to 1, with 6 abstentions, in the U.S.