Mar 07 2008
FHA Increases Loan Limit for Bellevue
The Department of Housing and Urban Development released loan limits for the Bellevue and surrounding areas today. That makes the new FHA, Fannie Mae and Freddie Mac loan limit $567,500 (125% of the median home price). This is part of the economic stimulus package signed by President Bush earlier at the end of Feb this year. The bill currently increases the home loan limits and ends December of 2008.
The loan limit for other dwellings in the areea are as follows:
- one family $567,500
- Two family $726,500
- Three family $878,150
- Four Family $1,091,350
To review loan limits for other parts of the state and country visit the HUD Site (Dept. of Housing and Urban Developement.
The FHA limit was $417,000 for one family condos and houses in this area prior to this bill.
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