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New FHA mortgage loan limits for 2009

November 16th, 2008 · 2 Comments · SANG, Uncategorized, chesterfield township, fha mortgages and first time home buyers, macomb county MI, macomb county mi real estate market, st. clair shores, tips for home buyers, tips for home sellers

HUD and FHA came out with their annual assessment recently, and new FHA loan limits have been announced for those who wish to purchase a home in 2009.
For Macomb County the limit has been lowered due to declining property values.  The 2009 mortgage amount has been limited to $271,050. (This is down from $297,500)
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