The Federal Housing Administration (FHA) announced Friday it will leave loan limits
unchanged for the highest- and lowest-cost housing markets
in 2015.For
most high-cost housing markets, the maximum allowable amount for an FHA
loan will stay at $625,000, a threshold first set at the start of this
year.For
low-cost metro areas, the limit will remain unchanged at $271,050, the
agency announced. FHA recalculates its national loan limit every year,
basing its math on a percentage calculation of the national conforming
loan limit for mortgages eligible for purchase or guarantee by the GSEs.That limit was also left untouched by the Federal Housing Finance Agency., read more.
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