FHA – Base Loan vs. Total Loan – Is the FHA maximum loan amount for an area based on the base loan amount or total loan amount?
Answer: The maximum loan amount for your area is the limit for your BASE loan amount (without UFMIP). Your total loan amount is your BASE loan + Your UFMIP, which combined may exceed the area limit by the amount of the UFMIP. The important thing to remember is that the BASE cannot exceed the area [...]