New FHA Loan Limits On January 1, 2014

By
Real Estate Mortgage Broker with George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut NMLS #65149

New FHA Loan Limits On January 1, 2014, as a result of the Congressional Authority for FHA Loan Limits established under the Economic Stimulus Act for 2008  expiring on December 31, 2013. 

The new FHA loan limits will be effective for all case numbers ordered on or after January 1, 2014.  Below is a table that illustrates the loan limits prior the to Economic Stimulus in 2008, during the Economic Stimulus, and the January 1, 2014 Loan Limits (in red) for Connecticut.

New Connecticut FHA Loan Limits January 1, 2014

There was a big change in the limits from the existing FHA Loan Limits under the Economic Stimulus Act of 2008, to the new FHA Loan Limits going into effect on January 1, 2014.  However, the new Loan Limits are actually higher for every County in Connecticut then those of 2007 to 2008, except for New London County.

To see what the New FHA Loan Limits On January 1, 2014 will be for your State and County, click on this link New FHA Loan LimitsMake sure you select the Loan Limits for CY2014 in the Limit Year block.

 

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

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Topic:
Mortgage / Finance
Location:
Connecticut
Groups:
Real Estate Rookie
Realtors®
Mortgages
1st Time Buyers
The FHA Mortgage Group
Tags:
fha loan limit

Comments 28 New Comment

Rainmaker
229,640
Rob Spinosa
Marin Mortgage Broker
RPM Mortgage, Marin County, CA

As you know, we're on the same page with our thinking on FHA.  Restricting a program that helps the restricted borrower can't help the first-time buyer market.  There are so many ripples from this splash that are yet to be felt and too many have forgotten the role FHA played in resurrecting the dead after the wheels came off in 2008. 

December 12, 2013 07:59 AM
Ambassador
1,705,970
George Souto
Your Connecticut Mortgage Expert
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut

Rob I completely agree, this is a very bad move and hopefully they come to that realization soon.

December 12, 2013 06:25 PM
Rainmaker
668,456
Sharon Parisi
Dallas Homes
Keller Williams Dallas Premier Realty

George, thank you for providing us with this important information to share with readers and clients.

December 13, 2013 04:50 AM
Rainmaker
287,449
Graziella Bruner
Broker/Owner
BRUNER REALTY LLC

Good to know - Thanks for sharing!  Greatly appreciated!

December 13, 2013 10:48 AM
Ambassador
1,705,970
George Souto
Your Connecticut Mortgage Expert
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut

Sharon you are welcome

Graziella, hope it is helpful.

December 13, 2013 11:27 AM
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George Souto

Your Connecticut Mortgage Expert
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