FHA Loan Limit Increase 2017.pdf
We finance the AMERICAN
DREAM With median home prices on the rise, the Federal Housing Administration (FHA) has raised maximum loan limits as required by the National Housing Act. These limits, based on median home prices for the area, go into effect with case numbers assigned on or after January 1, 2017. This is great news for those who’ve found rising home prices putting their hope of homeownership just out of reach. As always, AFN may have the loan program your customers need to afford their piece of the American Dream.
FHA 2017 Increases Loan Type
2016
2017
Increase
FHA Conforming Forward Mortgage
$417,000
$424,100
$7,100
FHA Forward Mortgage High-Cost Areas
$625,500
$636,150
$10,650
FHA Forward Mortgage Low-Cost Areas
$271,050
$275,650
$4,600
FHA-Insured HECM
$625,500
$636,150
$10,650
Data above based on one-unit loan limit. Loan limits vary based on units and location.
If there is anything we can do to further clarify these new loan limits or assist you in any way, please don’t hesitate to contact me directly. A list of the 2017 FHA loan limits for all counties and county-equivalent areas in the country can be found at http://portal.hud.gov/
Contact today! Call now tomelearn more! Lorie Anderson Loan Officer
NMLS# 936986 10 Pointe Drive Suite 330 Brea, CA 92821
EQUAL HOUSING
LENDER
Direct: 951-888-1155 Cell: 562-965-4751 [email protected] https://lorieanderson.afncorp.com/register
Branch NMLS# 237341. American Financial Network, Inc. is licensed by the California Department of Business Oversight under the Finance Lenders Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker’s License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. Broker is performing acts for which a license is required. Loans made or arranged pursuant to California Finance Lenders Law.Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where AFN is a licensed lender. In all states, the principal licensed office of American Financial Network, Inc. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID#237341). This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas.
AFN_Flyerb_01_1216
DREAM With median home prices on the rise, the Federal Housing Administration (FHA) has raised maximum loan limits as required by the National Housing Act. These limits, based on median home prices for the area, go into effect with case numbers assigned on or after January 1, 2017. This is great news for those who’ve found rising home prices putting their hope of homeownership just out of reach. As always, AFN may have the loan program your customers need to afford their piece of the American Dream.
FHA 2017 Increases Loan Type
2016
2017
Increase
FHA Conforming Forward Mortgage
$417,000
$424,100
$7,100
FHA Forward Mortgage High-Cost Areas
$625,500
$636,150
$10,650
FHA Forward Mortgage Low-Cost Areas
$271,050
$275,650
$4,600
FHA-Insured HECM
$625,500
$636,150
$10,650
Data above based on one-unit loan limit. Loan limits vary based on units and location.
If there is anything we can do to further clarify these new loan limits or assist you in any way, please don’t hesitate to contact me directly. A list of the 2017 FHA loan limits for all counties and county-equivalent areas in the country can be found at http://portal.hud.gov/
Contact today! Call now tomelearn more! Lorie Anderson Loan Officer
NMLS# 936986 10 Pointe Drive Suite 330 Brea, CA 92821
EQUAL HOUSING
LENDER
Direct: 951-888-1155 Cell: 562-965-4751 [email protected] https://lorieanderson.afncorp.com/register
Branch NMLS# 237341. American Financial Network, Inc. is licensed by the California Department of Business Oversight under the Finance Lenders Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker’s License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. Broker is performing acts for which a license is required. Loans made or arranged pursuant to California Finance Lenders Law.Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where AFN is a licensed lender. In all states, the principal licensed office of American Financial Network, Inc. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID#237341). This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas.
AFN_Flyerb_01_1216
