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WASHINGTON - U.S. Department of Housing
and Urban Development announced the updated Federal
Housing Administration (FHA) mortgage loan limits for
single family homes under the authority of the recent
passage of the Continuing Resolution, 2010 (CR) as part
of the Department of Interior, Environmental, and
Related Agencies Appropriations Act, Public Law 111-88..
These limits are effective for those loans for which
credit is approved in calendar year (CY) 2010 and will
remain in effect until December 31, 2010.
Wisconsin and Illinois High cost areas
and their updated loan limits:
Illinois High Cost Areas:
$410,000 Loan Amount Limit
Cook County, DeKalb County, DuPage County, Grundy County,
Kane County, Kendall County, Lake County, McHenry County
and Will County
$339,250 Loan Amount Limit
Boone County and Winnebago County
$281,250 Loan Amount Limit
Bond County, Calhoun County, Clinton County, Jersey
County, Macoupin County, Madison County, Monroe County and
St. Clair County
$271,050 Floor Loan Amount Limit
All other Illinois counties not listed above
Wisconsin High Cost Areas:
$410,000 Loan Amount Limit
Kenosha County
$365,000 Loan Amount Limit
Pierce County and St. Croix County
$315,000 Loan Amount Limit
Milwaukee County, Ozaukee County, Washington County and
Waukesha County
$293,750 Loan Amount Limit
Columbia County, Dane County and Iowa County
$278,750 Loan Amount Limit
Walworth County
$271,050 Floor Loan Amount Limit
All other Wisconsin counties not listed above
The above loan limits are for single family
homes. 2-4 family properties have different maximum loans
amounts which can be checked at the link below.
Many low-income and first time
homebuyers are attracted to
FHA insured loans because the agency requires only a
3.5%down payment.
additional
FHA information
Search FHA Maximum County Mortgage Limits by State
Current FHA Mortgage
Rates
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