U.S. Department of Housing and Urban Development announced the new Federal Housing Administration (FHA) mortgage loan limits for single-family homes under the Housing and Economic Recovery Act of 2008.

Beginning Jan. 1, FHA will insure single-family home mortgages up to $271,050 in low cost areas and up to a maximum of $625,500 in high cost areas. The February 2008 Stimulus Package temporarily raised the FHA maximum to $729,750 through Dec. 31.

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