Tom MacDonald - Reverse Mortgage Consultant

     

 

 

 

 

       Reverse Mortgage Consultant

      Tom MacDonald

 

       707-265-6385      800-801-5727   Is This The Best Reverse Mortgage Website in the U.S.*

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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.