An Early present from HUD.
About one week prior to the date required by legislation, FHA & Conforming loan limits per the economic stimulus package have been released and they are higher then we anticipated. This is for FHA and Conforming loan amounts through the end of the year:
Richmond City MSA $528,750
Washington DC Metro $729,750
Charlottesville MSA $425,000
Winchester MSA $475,000
VA Beach/Norfolk MSA $428,750
All other areas of the state are showing the max loan amount of $417,000. Homes with more than one unit have higher loan limits.
To look up other areas visit: https://entp.hud.gov/idapp/html/hicostlook.cfm
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