HUD just announced that it will implement new FHA single-family loan limits on Jan. 1, 2014. For Fairfield County, the maximum amount you can borrow for an Owner Occupied property will go from $708,750 down to $601,450.
1 Unit 2 Units 3 Units 4 Units $601,450 $769,950 $930,700 $1,156,650Despite these lower limits, FHA still represents a great way for those borrowers with small down payments or less than perfect credit to buy a home, and FHA rates are still very low!
