2017 Reverse Mortgage Update and Considerations
FHA Home Value Limits - Effective 1/1/2017.
In early December, 2016, HUD increased the FHA limit to $636,150.
In February, 2009, the FHA limit - the amount of the home value considered in the benefit calculation - was increased from $417,000 to $625,500. It was due to expire at the end of 2009. It has been extended one year at a time each year since then. The industry was pleased to see this increase instead of a potential decrease.