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 […]
Reverse Mortgage 2020 #ReverseMortgage2020 The landscape for reverse mortgage 2020 has changed dramatically. Hence, we decided to write a reverse mortgage guide detailing EVERYTHING about reverse mortgages. We’ll talk about the HUD HECM, aka FHA HECM etc. Also, we will discuss private reverse mortgages. We are pro reverse mortgage, but we’ll talk about the potential […]
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 […]