FHA Single Family Housing

FHA'S NEW LOAN LIMITS TO HELP HOMEOWNERS
Effective March 6, 2008, HUD will offer temporary FHA loan limits that will range from $271,050 to $729,750 (Limits). Overall, the change in loan limits will help provide economic stability to America's communities and give nearly 240,000 additional homeowners and homebuyers a safer, more affordable mortgage alternative. To learn more, please read mortgagee letter 2008-06.

	Highlights
FHA Means Business & Opportunity   FHA marketing & outreach   Lender insurance program   Visit www.fha.gov   Hurricane disaster resource page   Streamlined 203(k) rehab mortgage   How to become an FHA lender   FHA closing costs simplified   FHA smplifies the appraisal process   FHA Connection   Lender Assessment Subsystem (LASS)   HECM: Reverse equity mortgage for seniors   FHA Reform   Good Neighbor Next Door Sales Program   Nonprofit programs   FHASecure

	What's New
New FHA Mortgagee Letters:                             2008-11 Nontraditional Credit Verification and Evaluation 2008-10 Update to Mortgagee Letter 2004-40 Single Family Real Estate Owned (Property Disposition) National Management and Marketing Contractors 2008-09 Second Appraisal Requirements/Limits on Cash-Out Refinances

	Want More Information?
Subscribe to the FHA email list for frequent updates, training & event announcements, mortgagee letters, FHA mortgage limit increases, employment, contracting opportunities & notices about your single family business delivered to your email inbox. Contact FHA for assistance: 1-800-CALL FHA or email at: hud@custhelp.com or visit the FHA Resource Center to research your answers online. Homeownership Centers (Mortgage processing, monitoring, & housing counseling administration) Nat'l Servicing Center (Mortgage servicing & loss mitigation) Management & Marketing Contractors (Hud home sales, & register real estate brokers) Faith Based & Community Initiatives (Info for nonprofit agencies)

	Did You Know?
An FHA Insured Mortgage has many consumer protection features that other mortgages lack. To find out more, visit: Help save my home & Don't be a victim of loan fraud. Smart consumers ask for FHA!