HUD Secretary Alphonso Jackson recognizes the need for affordable mortgages ensured by FHA, as well as temporarily increased home loan limits, in order to help tens of thousands of California families keep their homes. This week, FHA has published temporary loan limits that range from $271,050 to $729,750 – a move that will provide economic stability to California communities, and also give countless homeowners and buyers across the country a safer and more viable mortgage alternative. Although these loan limits expire at the end of 2008, President Bush and Jackson continue to urge Congress to pass permanent bills to help create more possibilities for homeownership throughout the US.
**To check mortgage loans limits by zip code visit:
https://entp.hud.gov/idapp/html/hicostlook.cfm