The Department of Housing and Urban Development announced today that the Federal Housing Administration  has increased its single-family home mortgage limits by over 7% to $172,632, starting last Saturday. Additionally, the loan limits for two-, three- and four-unit dwellings have risen as well.

In a statment, HUD Secretary Alphonso Jackson said the new limits will assist in creating more construction, jobs, as well as increased economic growth, while increasing homeownership.

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