What's Hot: Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million | The Smallest Home on the Market in DC
FHA Loan Limits to Rise in DC Area for the Second Year in a Row
After not moving much for a decade before ticking up this year, the Federal Housing Finance Agency (FHFA) plans to raise the limits on mortgage loans backed by Fannie Mae and Freddie Mac again in 2018.
The loan limit in most counties throughout the country is currently $424,100 and will go up to $453,100 in 2018, nearly $94,000 more than the 2006 baseline of $359,650. For “high cost” counties like those throughout the DC region, the loan limit will increase from $636,150 to $679,650.
story continues below
loading...story continues above
Government Sponsored Enterprises (GSEs) like Fannie Mae and Freddie Mac guarantee a sizeable portion of mortgages in the country, often at lower costs and more favorable lending terms. The increased loan limits make loan underwriting from GSEs more accessible to a larger pool of homebuyers and brings those loan limits more in line with the realities of the housing market, which has experienced not only a strong recovery since the 2008-2009 recession, but also steady upward climb in home prices over the past 1.5 years.
See other articles related to: fannie mae, freddie mac, loan, loan limits, mortgage lending, mortgages
This article originally published at https://dc.urbanturf.com/articles/blog/fha_loan_limits_to_rise_for_the_second_year_in_a_row/13368.
Most Popular... This Week • Last 30 Days • Ever

Our guide for amateur landlords who don't really know what they're doing.... read »

Whole Foods announced yesterday that the 47,000 square foot store will open on June 2... read »

The Massachusetts Avenue Heights home was previously owned by the former chief execut... read »

A large new apartment and townhouse project has been pitched for the growing pipeline... read »

With Dan and Tanya Snyder moving out of River View, the region may soon have a very e... read »
- The Essential Guide to Being an Amateur Landlord in DC
- Whole Foods at Walter Reed to Open at End of June
- Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million
- A Two-Phase, 370-Unit Development Pitched For Columbia Pike Gas Station Site
- Will This Be the Most Expensive Home on the Market in the DC Area?
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro