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rad

1403 Posts

Posted - 07/08/2008 :  09:34:47 AM
so I know the break point for jumbo?
I'm specifically interested in NC and FL.
Thanks.
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liverichly

3936 Posts

Posted - 07/08/2008 :  09:38:44 AM
$362,790 is the FHA maximum loan amount, anything oer $362,790 and you are in FHA Jumbo territory which has increased interest rates, anything over $417k and you have overlay guidelines (2 appraisals if in declining market, max cash out is 85% LTV, etc.)... it's the same everywhere.
dkendall1979

10261 Posts

Posted - 07/08/2008 :  09:44:11 AM
https://entp.hud.gov/idapp/html/hicostlook.cfm

The previous limit should come up vs. the new limit in the county you select.
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