Just wonderful news to report. Recall that FHA lowered the maximum loan limits effective Oct 1, 2011. For metro-Atlanta, the 1 Unit limit dropped to $320,850. The good news is that FHA is reverting back to the limits that were in place before October 1 with the change effective immediately and in place throughout all of 2012. The FHA loan limits for metro-Atlanta are now back to the following:
1 Unit: $346,250
2 Unit: $443,250
3 Unit: $535,800
4 Unit: $665,850
Also, the Federal Housing Finance Agency has announced that, despite declining values throughout the country, the 2012 Conforming Loan Limits in metro-Atlanta will remain at the existing 2011 levels for yet another year. This will be the 7th straight year that the limits are capped at the following amounts:
1 Unit: $417,000
2 Unit: $533,850
3 Unit: $645,300
4 Unit: $801,950
Also, worth noting, VA follows the 1 Unit Conforming limit, so the max VA loan limit with 100% financing also remains at $417,000 for 1-4 unit properties.
This entry was posted on Wednesday, December 14th, 2011 at 8:38 am. and is filed under Buyer Tools, Fannie Mae, FHA, Freddie Mac, Metro Atlanta, Mortgage News, News & Reports, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.