FHA Mortgage raises limits

Great News - FHA Maximum Mortgage Limits have temporarily increased for all counties and metropolitan statistical areas (MSA) across the nation including Western Mass. Although the increases are temporary, they should help alleviate some of the liquidity crunch which has plagued the secondary market since mid 2007. The new higher loan limits are effective immediately. The following are the new limits for Franklin, Hampshire and Hampden counties in western Massachusetts.

· 1-unit: $318,750
· 2-unit: $408,050
· 3-unit: $493,250
· 4-unit: $613,000