HUD ANNOUNCES HIGHER FHA HOME LOAN LIMITS TO HELP MORE AMERICAN FAMILIES BECOME HOMEOWNERS

HUD ANNOUNCES HIGHER FHA HOME LOAN LIMITS TO HELP MORE AMERICAN FAMILIES BECOME HOMEOWNERS: "Effective January 1, 2006, FHA will insure single-family home mortgages up to $200,160 in standard areas and up to $362,790 in high cost areas. The high cost amount is almost $50,000 more than last year. The loan limits for two-, three- and four-unit dwellings also increased. FHA is sending letters to thousands of mortgage lenders and brokers to make them aware of the higher rates that can help families."