Tag Archives: Loan Limits

A House of Representatives appropriations bill would require the Department of Housing and Urban Development to reduce the amount of home equity a borrower could receive through a reverse mortgage to ensure that the government program operates without a subsidy. … Continue reading →

Under ARRA, the national FHA loan limit for HECM will increase from $417,000 to $625,500 (from 100 percent to 150 percent of the conforming limit).  HECM loan mortgagors do not undergo the same procedures for credit approval as do mortgagors … Continue reading →