FHA Codifies 2010 HECM Loan Limits
November 30, 2009
The Federal Housing Administration today published Mortgagee Letter 2009-50, which implements the continuing resolution recently passed by Congress that kept loan limits for Home Equity Conversion Mortgages at $625,500 through December 31, 2010.
According to ML 2009-50, Alaska, Hawaii, Guam and the U.S. Virgin Islands will operate under the same $625,500 limit. To view the mortgagee letter, please click here (PDF).
All materials copyrighted © 2008 National Reverse Mortgage Lenders Association.