The Federal Housing Administration is set to re-calibrate loan limits for the incoming year. Announced this month, this effort addresses the concern of increasing home prices affecting thousands of borrowers nationwide. Report Breakdown In the report released by FHA on December 1, the increases are set to impact 2,948 counties while 286 will sustain the same limits as in 2016. This new rule will take effect on January 1, 2017. $636,150 in 2017 from 2016’s $625,500 for high-cost counties … [Read more...]