FHA increasing loan limits next year due to rising prices

The Federal Housing Administration said it's increasing loan limits for 2018 due to rising prices. In high-cost areas of the country, FHA's loan limit ceiling will increase to $679,650 from $636,150. FHA will also increase its floor to $294,515 from $275,665. The maximum loan limits for FHA mortgages will rise in 3,011 counties and remain the same in 223 counties.

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