Tim Bradford - AMMCorp.net

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New FHA Loan Limits for Ohio Counties (Effective 3/5/2008)

*****Revised 11/11/2008 See http://activerain.com/blogsview/784262/OHIO-FHA-2009-Loan-Limits  ******

FHA has announced the New FHA Loan Limits.   Below is a table that shows those new amounts. 

The Current Base FHA Loan Limits Effective 3-5-2008:

 

One-family

Two-family

Three-family

Four-family

$271,050.00

$347,000.00

$419,400.00

$521,250.00

 

County Name MSA Name One-Family Two-Family Three-Family Four-Family
ASHTABULA ASHTABULA, OH (MICRO)  $291,250 $372,850 $450,700 $560,100
ATHENS ATHENS, OH (MICRO)  $432,500 $553,650 $669,250 $831,750
BROWN CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)  $337,500 $432,050 $522,250 $649,050
BUTLER CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)  $337,500 $432,050 $522,250 $649,050
CARROLL CANTON-MASSILLON, OH (MSA)  $277,500 $355,250 $429,400 $533,650
CLERMONT CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)  $337,500 $432,050 $522,250 $649,050
CUYAHOGA CLEVELAND-ELYRIA-MENTOR, OH (MSA)  $298,750 $382,450 $462,300 $574,500
DELAWARE COLUMBUS, OH (MSA)  $341,250 $436,850 $528,050 $656,250
FAIRFIELD COLUMBUS, OH (MSA)  $341,250 $436,850 $528,050 $656,250
FRANKLIN COLUMBUS, OH (MSA)  $341,250 $436,850 $528,050 $656,250
GEAUGA CLEVELAND-ELYRIA-MENTOR, OH (MSA)  $298,750 $382,450 $462,300 $574,500
GREENE DAYTON, OH (MSA)  $271,250 $347,250 $419,750 $521,650
HAMILTON CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)  $337,500 $432,050 $522,250 $649,050
LAKE CLEVELAND-ELYRIA-MENTOR, OH (MSA)  $298,750 $382,450 $462,300 $574,500
LICKING COLUMBUS, OH (MSA)  $341,250 $436,850 $528,050 $656,250
LORAIN CLEVELAND-ELYRIA-MENTOR, OH (MSA)  $298,750 $382,450 $462,300 $574,500
MADISON COLUMBUS, OH (MSA)  $341,250 $436,850 $528,050 $656,250
MEDINA CLEVELAND-ELYRIA-MENTOR, OH (MSA)  $298,750 $382,450 $462,300 $574,500
MERCER CELINA, OH (MICRO)  $292,500 $374,450 $452,600 $562,500
MIAMI DAYTON, OH (MSA)  $271,250 $347,250 $419,750 $521,650
MONTGOMERY DAYTON, OH (MSA)  $271,250 $347,250 $419,750 $521,650
MORROW COLUMBUS, OH (MSA)  $341,250 $436,850 $528,050 $656,250
PICKAWAY COLUMBUS, OH (MSA)  $341,250 $436,850 $528,050 $656,250
PORTAGE AKRON, OH (MSA)  $330,000 $422,450 $510,650 $634,600
PREBLE DAYTON, OH (MSA)  $271,250 $347,250 $419,750 $521,650
STARK CANTON-MASSILLON, OH (MSA)  $277,500 $355,250 $429,400 $533,650
SUMMIT AKRON, OH (MSA)  $330,000 $422,450 $510,650 $634,600
UNION COLUMBUS, OH (MSA)  $341,250 $436,850 $528,050 $656,250
VAN WERT VAN WERT, OH (MICRO)  $301,250 $385,650 $466,150 $579,300
WARREN CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)  $337,500 $432,050 $522,250 $649,050
All Other Counties All Other Counties $271,050 $347,000 $419,400 $521,250

Please have your FHA Buyers Call Me for the BEST Rates

These new limits will also apply to Ohio 203K Loans and Ohio Reverse Mortgages. 

 

7 comments • Tim Bradford • March 06 2008 05:49PM

OHFA offers Rate Reduction for OHIO Heros

Just got this post from the State of Ohio.    Also Qualified Veterans do not have to be first time Buyers.    Standard Rate is 5.50% and "Ohio Hero's" recieve a .25% Rate Reduction.

 See this post http://activerain.com/blogsview/394999/Current-OHFA-1st-Time

I would be happy to answer any questions regarding this program.  Just give me a call.

(No credit or points taken on this post. )

OHFA ANNOUNCES LOWER HOMEBUYING RATES FOR OHIO HEROES
OHFA'S Ohio Heroes Program targets educators, military personnel and first responders

COLUMBUS - Ohio's everyday heroes now can receive a lower rate through the Ohio Housing Finance Agency's (OHFA) First-Time Homebuyer Program. Ohio Heroes offers a 30-year fixed mortgage to first-time homebuyers who are active military personnel or military veterans, firefighters or emergency medial technicians-paramedics, healthcare workers, police officers or teachers.

"Ohio's heroes work hard in critical jobs to make a difference in our lives through improved education and necessary safety and healthcare," said Doug Garver, Executive Director for the Agency. "Because of their selfless acts, we welcome this opportunity to give back to these employees by making it easier and more affordable for them to purchase a home."

The borrowers have to be full-time professionals and meet OHFA's First-Time Homebuyer Program standard mortgage guidelines. The mortgage is being offered at a quarter of a percent under OHFA's rate for the First-Time Homebuyer Program. In addition, a temporary federal exemption allows veterans who may have owned a home in the past three years to qualify under the First-Time Homebuyer Program.

To learn more about the Ohio Heroes Program or to locate a lender in your area, visit http://www.ohiohome.org/

# # #

OHFA utilizes federal and state resources to provide housing opportunities for families and individuals through programs designed to create, preserve, and manage affordable housing throughout the State of Ohio. The Agency is a self-supporting quasi-public agency governed by an eleven-member board, nine of whom are appointed by the Governor and confirmed by the Senate. Two additional seats on the board, by statute, are reserved for the Director of Development and the Director of Commerce,or their designees, and both serve as ex officio voting members.

1 comment • Tim Bradford • March 05 2008 04:02PM

Forclosure Prevention Hotline Information www.995hope.com

Servicer Contact Numbers for Homeowners
Provided by HOPE NOW

Below are the customer contact telephone numbers of HOPE NOW servicer members. If you are a homeowner having trouble with your mortgage, please call your servicer's hotline for assistance
(please have your account number ready when calling).

If you would like to talk to a HUD-approved homeownership counselor, please call the
Homeowner's HOPE Hotline, 888-995-HOPE, operated by the Homeownership Preservation Foundation.
Free counseling is available 24 hours a day, 7 days a week.
You can also visit www.995hope.com for more assistance.
Downloadable Flyer

Servicer

Hotline

Servicer

Hotline

Aurora Loan Services

800-550-0509

IndyMac Bank

800-880-6848

Avelo Mortgage, LLC.

866-992-8356

JPMorgan Chase Prime Loans

800-446-8939

Bank of America

800-846-2222

JPMorgan Chase Non-Prime

877-838-1882

Carrington Mortgage Services

800-790-9502

JPMorgan Chase Home Equity

866-582-5208

CitiFinancial/Citi Trust Bank

800-422-1498

JPMorgan Chase Default HPO Help Line

866-345-4676

CitiMortgage Conv/FNMA

800-695-0384

Litton Loan Servicing

800-999-8501

CitiMortgage/Gov't & Freddie Mac

866-272-4749

National City Mortgage Corporation

800-523-8654

CitiResidential Customer Care

800-430-5262

Nationstar Mortgage, LLC.

888-480-2432

Countrywide Home Loans

800-669-6650

Ocwen Loan Servicing, LLC.

877-596-8580

EMC Mortgage, Inc.

877-362-6631

Option One Mortgage Corporation

888-275-2648

First Horizon Home Loans

800-364-7662

Saxon Mortgage Services

888-325-3502

GMAC/Homecomings/ResCap

800-799-9250

Select Portfolio Servicing

888-818-6032

Home Loan Services, Inc.
(d/b/a First Franklin Loan Services and NationPoint Loan Services)

800-500-5022

SunTrust Mortgage, Inc.

800-443-1032

HomEq Servicing

888-270-6663

Washington Mutual, Inc.

866-926-8937

HSBC Consumer Lending

800-333-5848

Wells Fargo Home Mortgage

877-216-8448

HSBC Mortgage Services

800-365-6730

Wells Fargo Financial

800-275-9254

HSBC Mortgage Corporation

888-648-3124

Wilshire Credit Corporation

888-917-1050

1 comment • Tim Bradford • March 04 2008 10:02AM