HECM Loan Limit Raised

December 1, 2023/in Updates/by Adan Gutierrez

The U.S. Department of Housing and Urban Development announced they will be raising the loan limit for Home Equity Conversion Mortgages from its current level of $1,089,300 to $1,149,825 effective for FHA case numbers assigned on or after January 1, 2024. Our calculator has been updated to the new limit.

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