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Friday, February 1, 2008

FHA Mortgage Limits to Increase in CO Metro Area


According to HUD, mortgage limits are set to increase on February 7, 2008 in the Colorado county of Montrose. The following increases will take effect according to the number of units:

#Units: Current - Pending
1 Unit: $200,160 - $205,200
2 Unit: $256,248 - $256,248
3 Unit: $309,744 - $309,744
4 Unit: $384,936 - $384,936

In order to submit a request to HUD for mortgage limit increases in a specific area, please visit http://www.hud.gov/offices/hsg/sfh/lender/sfhmolin.cfm. All requests must be supplemented with housing sales price data in order to justify the need for increase.
To view all new limits, please visit https://entp.hud.gov/idapp/html/hicostlook.cfm

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