In-Depth: Federal Housing Administration (FHA)
NAR Issue Summaries
Review NAR policy, and the legislative/regulatory outlook regarding FHA issues.
FHA Programs >
FHA Low/No Downpayment >
Mortgage Loan Limits >
FHA Loan Limits
On Nov. 17, 2011, the U.S. Congress passed a provision that reinstated the FHA loan limits through 2013 at 125 percent of local area medium home prices up to a maximum of $729,750 in the highest cost markets. The floor remained at $271,050. The loan limits for Fannie and Freddie-backed mortgages remained at 115 percent of the local area medium home prices up to $625,500.
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Find the loan limits for your area (FHFA.gov) >
Home Affordable Modification Program (FHA-HAMP)
On March 25, 2010, the Obama Administration, including Federal Housing Administration (FHA) Commissioner David H. Stevens, announced changes to the Home Affordable Modification Program (HAMP) and enhancements to the FHA's refinance program.
Visit the first link below for additional information on HAMP enhancements, FHA refinances for underwater homeowners, FHA refinances FAQ, and examples of helping homeowners with financial hardships.
FHA-HAMP Mortgagee Letter 2009-23 > (Word: 57K)
FHA-HAMP Guidelines > (Word: 90K)
Learn more about Making Home Affordable >
Condominium Approval Process/Condominium Policy
On November 6, 2009, FHA released Mortgagee Letter (ML) 2009-46 A: Temporary Guidance for Condominium Policy and ML 2009-46 B: Condominium Approval Processes for Single Family Housing.
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Additional Resources from the U.S. Department of Housing and Urban Development (HUD)
Making Home Affordable Program
