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Higher home prices push government-backed loan cap above $1.1M in San Mateo, Santa Clara counties

With home prices rapidly appreciating nationwide over the past year, the federal government has decided to raise the limits for loans it backs in 2024 to $1.149 million in most counties in the San Francisco Bay Area. ....

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FHA 2024 Loan Limits Are Headed up, Chasing Rising Home Prices

Annual home price appreciation of 5.5 percent pushes FHA loan limits up to a minimum of $498,257 in affordable markets. ....

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Mortgage loan limit rises above $1.1M as home prices surge

The new mortgage limit for conventional loans backed by Fannie and Freddie will be $766,550, an increase of $40,350 from 2023. ....

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FHA announces update and consolidation of the HECM program | Orrick, Herrington & Sutcliffe LLP

On October 31, the Federal Housing Administration (FHA) announced, after a multi-year effort, the inclusion of policies for its Home Equity Conversion Mortgage (HECM) program in the. ....

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FHA makes it easier to finance accessory dwelling units in hopes of boosting homeownership

Changes that allow income from accessory dwelling units to be counted toward a mortgage will allow more borrowers to qualify for Federal Housing Administration (FHA) financing. ....

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