Congress failed to extend the FHA and GSE mortgage loan limits. On Oct. 1, those limits declined in 669 counties in 42 states, including 16 counties in KY for FHA loans. The new limits will be equal to 115% of local area median home price (from 125%). The high cost cap will fall from $729,750 to $625,500. To determine your new loan limit, find your county; if your county is not listed, your limit will not change. NAR will continue to work with Congress to attempt to restore the higher limits as quickly as possible. Click here to view county chart.
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