FHA Standard Loan Limits for 2020 Due to increasing home prices in many areas, The Federal Housing Administration (FHA) has announced new loan limits for the year 2020. The FHA’s standard limit for much of the country increased to $331,760. In 2019 these FHA limits were set at $314,827 for a single family dwelling. The […]
The landscape for reverse mortgages in 2020 is almost as good as it’s ever been. There’s new reverse mortgage products and interest rates are as low as ever
Reverse Mortgage Limits 2020 – HECM Loan Limits Increase for 2020 Reverse Mortgage 2020 is going to be awesome! FHA announced in Mortgagee Letter 2019-20 that they will be increasing the reverse mortgage lending limits for 2020. The HECM loan limits, aka HECM Max Claim Amount had hovered at $625,500 for years. However, this does […]