FHA lowers 2014 Loan Limits for Fairfield County


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           $1,156,650

Despite 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!