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As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

FHA Loan Limits Restored

FHA Loan Limits Restored

FHA Loan Limits Restored

Congress has just restored the higher loan limits for FHA loans.  The loan limits had rolled back as of October 1st but are now back to the higher levels that had been in place since January 2009.

This means the FHA loan limit for Middlesex and Suffolk counties is back up to $523,750, rather than $465,750, for single-family houses.  In these counties, the limit for a two-family house is $670,500 and for a three-unit property is $810,450.

The bill did not increase the loan limits for Fannie Mae and Freddie Mac-backed mortgages.

Questions about mortgages?  Contact Kevin Greeley of NEMoves Mortgage.

Categories: Buyer Info

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