HUD raises FHA limits to $365,000

HUD recently announced new FHA mortgage limits created by the Fed’s economic stimulus plan. The Minneapolis/St. Paul metro area limits were raised from $271,050 to $365,000. This makes FHA programs one of the best options for many buyers who don’t meet the new down payment or qualifying rations required with conventional financing.

A search of homes in Stillwater reveals that over 50 more homes now qualify for FHA financing.