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FHA Mortgage Limits revised

12/30/2008

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Connecticut FHA Mortgage Limits rev 12/30/2008 

MSA Name County Name State One-Family Two-Family Three-Family Four-Family Last Revised Limit Year
BRIDGEPORT-STAMFORD-NORWALK, CT (MSA) FAIRFIELD CT $511,750 $655,150 $791,900 $984,150 01/01/2009 CY2009
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT (MSA) HARTFORD CT $320,850 $410,750 $496,500 $617,000 01/01/2009 CY2009
TORRINGTON, CT (MICRO) LITCHFIELD CT $357,650 $457,850 $553,450 $687,800 01/01/2009 CY2009
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT (MSA) MIDDLESEX CT $320,850 $410,750 $496,500 $617,000 01/01/2009 CY2009
NEW HAVEN-MILFORD, CT (MSA) NEW HAVEN CT $305,900 $391,600 $473,350 $588,250 01/01/2009 CY2009
NORWICH-NEW LONDON, CT (MSA) NEW LONDON CT $280,600 $359,200 $434,200 $539,600 01/01/2009 CY2009
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT (MSA) TOLLAND CT $320,850 $410,750 $496,500 $617,000 01/01/2009 CY2009
WILLIMANTIC, CT (MICRO) WINDHAM CT $271,400 $347,450 $419,950 $521,900 01/01/2009 CY2009


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The CY2009 basic standard mortgage limits for FHA insured loans are:
      One-family   Two-family   Three-family   Four-family  
  FHA Forward   $271,050.00   $347,000.00   $419,425.00   $521,250.00  
  HECM   $417,000.00      
  HOPE for Homeowners   $550,440.00      
  Fannie/Freddie   $417,000.00   $533,850.00   $645,300.00   $801,950.00  

High cost area limits are subject to a ceiling based on a percent of the Freddie Mac Loan limits
The ceilings for CY2009 are:
      One-family   Two-family   Three-family   Four-family  
  FHA Forward   $625,500.00   $800,775.00   $967,950.00   $1,202,925.00  
  HECM   $417,000.00      
  Fannie/Freddie   $625,500.00   $800,775.00   $967,950.00   $1,202,925.00  

Section 214 of the National Housing Act provides that mortgage limits for Alaska, Guam, Hawaii, and the Virgin Islands may be adjusted up to 150 percent of the new ceilings. This results in new CY2009 ceilings for these areas of:
      One-family   Two-family   Three-family   Four-family  
  FHA Forward   $938,250.00   $1,201,162.00   $1,451,925.00   $1,804,387.00  
  Fannie/Freddie   $938,250.00   $1,201,162.00   $1,451,925.00   $1,804,387.00  

 

 



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