Friday, March 7, 2008

HUD Just Released the new loan limits for FHA, Fannie and Freddie

As a result of the Economic Stimulus Act of 2008, the FHA loan limits for Alachua County have just been increased to:
271,050 for a single family home
347,000 for a two family home
419,400 for a triplex
521,250 for a quad

The FHA (Federal Housing Administration) does not make loans but rather insures loans made by private lenders.


This is a temporary measure, set to expire 12/31/08.

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