The New FHA Mortgage Limit In Loudoun County Is…

The Department of Housing and Urban Development (HUD) released the new FHA mortgage limit for Loudoun County and the rest of the Washington, DC metro area. Despite what many originally anticipated ($550K to $625K), the new loan limit is $729,750.

This is the maximum amount allowed under the economic stimulus bill signed on February 13, 2008. This amount is up from $417,000.

To see the actual limits posted on HUD’s web site, click here and select ‘Virginia" and type in "Loudoun" for the county.

Note that the new limits are only for loans obtained on July 1, 2008 or later and that the loans must be funded (you must close) no later than December 31, 2008.