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Dear Valued Partner,

Updates for the following FHA maximum loan limits are effective as of November 18, 2011 through December 31, 2012 for FHA 203(b), 203(h) and 203(k) and for condominiums.

Product
Property Size
Low Cost Area "Floor"
High Cost Area "Ceiling"
FHA Loans
One-Unit
$271,050
$729,750
Two-Unit
$347,000
$934,200
Three-Unit
$419,425
$1,129,250
Four-Unit
$521,250
$1,403,400

Product
Trigger Date
Loan Limits
FHA Loans
Loans with case numbers assigned from Jan. 1, 2012-Dec. 31, 2012
CLICK HERE and select "CY2012"
Loans with case numbers assigned from Nov. 18, 2011-Dec. 31, 2011
CLICK HERE and select "Nov 18, 2011-Dec 31, 2011"
Loans with case numbers assigned from Oct. 1, 2011-Nov. 17, 2011
CLICK HERE and select "Oct 11, 2011-Nov 17, 2011"

Special Exception Areas
Property Size
Maximum Loan Limit
Alaska, Hawaii, Guam and the Virgin Islands
One- Unit
$1,094,625
Two-Unit
$1,401,300
Three-Unit
$1,693,875
Four-Unit
$2,105,100

GOOD NEWS FOR SENIORS! HECM (Reverse Mortgage) maximum claim amount and loan amount remains unchanged at $625,500 for the remaining period of 2011 through December 31, 2012 and includes Alaska, Hawaii, Guam and the Virgin Islands.

Reference:

If you have any questions, please feel free to call on your Account Executive at (800) 453-7884.

Sun West Mortgage Company, Inc.
18303 Gridley Road
Cerritos, CA 90703
Phone : (800) 453-7884

Equal Housing OpportunityThis information is provided to licensed wholesale brokers only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.

Sun West Mortgage Company, Inc. (NMLS ID 3277) is licensed by the Department of Corporations as a California Finance Lender (License #603 0119) and is licensed by the Department of Real Estate (License #00793885). Refer to www.swmc.com to see where SWMC is a licensed lender. In all states, the principal licensed office of Sun West Mortgage Company, Inc. is 18303, Gridley Road in Cerritos, CA 90703; Phone: (800) 453-7884