Comments on: FHA Sets National Loan Limit for Reverse Mortgage Program at $417,000

By: Rob

Rob — Thu, 09 Oct 2008 13:06:23 +0000

This increase has been a welcomed changed that many have been longing for, since FHA has been a bit slow in terms of keeping up with increasing home values. The higher lending limit for these reverse mortgages are especially helpful as seniors are assured they can rely on more of their homes value.

By: Heindrick So

Heindrick So — Wed, 08 Oct 2008 04:46:55 +0000

Definitely. Once this increase is official, I’ll be sure to post a reminder and the updated online financial calculators. Thanks for your input Jeff

By: Jeff Onofrio

Jeff Onofrio — Tue, 07 Oct 2008 11:05:56 +0000

Finally! Now we just need the lenders to step up to the plate and get this into there benefit calculators sooner then later so we can start offering the increased limits to the borrowers who need it the most. Most lenders have done away with there Jumbo programs, this gives some addtional hope to those customers.