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Just wanted to let everyone know that due to the Economic Stimulus Package FHA Conforming Loan Limits have been raised and this has already been confirmed with HUD.
Orange County Limits now as followed:
One Family - $443,740
Two Family - $568,050
Three Family - $686,650
Four Family - $853,350
Rockland and Westchester County now as followed:
One Family - $729,750
Two Family - $934,200
Three Family - $1,129,250
Four Family - $1,403,400
I will update this post later tonight when I have time to transpose all the numbers for all counties if they've gone up.
Thanks Joey. This is a HUGE help to anyone in the NYC Metro area. We just closed FHA on a legal 2 family. It was nearly impossible to get decent financing through conventional. FHA is really the new/old way to finance these days.
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