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Reverse Mortgage

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FHA Loan Limits Remain Unchanged for Reverse Mortgages in 2016 

Dec 09, 2015By

The national maximum claim amount for Home Equity Conversion Mortgages (HECMs) will remain unchanged in 2016 at $625,500, the Federal Housing Administration (FHA) announced Wednesday. Loan limits for forward mortgages, however, will increase in 188 counties next year. FHA announced that it will maintain the current HECM loan limit through December 31, 2016, via Mortgagee […]