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Originally posted by FundStar14

Directly from HUD, they are set to expire on 12/31/09

February 24, 2009
MORTGAGEE LETTER 2009-07


TO: ALL APPROVED MORTGAGEES

SUBJECT: Loan Limit Increases for FHA

This Mortgagee Letter provides information on Federal Housing Administration (FHA) single family loan limits that have changed as a result of the American Recovery and Reinvestment Act of 2009 (ARRA) signed into law on February 17, 2009. These limits are effective for those loans for which credit is approved in calendar year (CY) 2009 and will remain in effect until December 31, 2009.
“High-Cost” Local Limits:

Any area where the limits exceed the floor is known as a “high cost” area. Because ESA used a higher multiple in establishing the national FHA loan limit ceiling, as a percentage of the conforming loan limit, than does HERA (175 percent versus 150 percent), the ESA national ceiling is binding under ARRA for 2009. By property size, these national “ceiling” limits are as follows:
One-Unit $729,750
Two-Unit $934,200
Three-Unit $1,129,250
Four-Unit $1,403,400

For areas where the higher of the ESA-determined loan limits for 2008 and the HERA-determined limits for 2009 is in between the national floor and the ceiling, the limit shall be at the higher of those two limits, effective for any loans for which credit is approved in CY 2009.

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Originally posted by Boulderco

I'll bet you they extend those limits into next year.

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