FHA limits the base mortgage amount to the present county limits. However, the total loan amount (which may include the mortgage insurance) can exceed the county limit by the amount of the financed mortgage insurance. Sound confusing? Contact me if you have questions

Related Article Title: FHA – Loan with UFMIP Exceeds Maximum Loan Amount Question: If the base loan amount of the FHA loan is at or below the loan limit, can the total loan amount with the MIP financed exceed the maximum loan limit? Answer: Yes, below is the guideline that states that the financing of […]

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