*****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.
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The Current Base FHA Loan Limits Effective 3-5-2008: |
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One-family |
Two-family |
Three-family |
Four-family |
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$271,050.00 |
$347,000.00 |
$419,400.00 |
$521,250.00 |
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| 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.
Karen,
Thanks for your comment. I have always lived and worked the westside of Cuyahoga County and Eastern Lorain County. Hope business down in there is more active than up this way. Prices on homes are great and Interest Rates are great also.
Can anyone direct me to where the best place to get a FHA Loan to refinance our home that has good rating and is upfront and honest and doesn't give you the run around ? With so many banks out there, I would like to find one who is rated high among its community. Thank you.
We live in the Northeast corner of Ohio in Ashtabula county.
Is the fha rates going up in October 2008. I am interested in greene and montgomery county.
Thanks
Les
Les, I do not have a way to send you a message directly. Interest Rates are always changing, so to predict what they will be is impossible. Because you mention the October 2008 date, I suspect you are referring to the FHA MIP. Between 7/14/08 and 10/1/08 we are using tiered pricing. In some cases it is lower than what it was before FHA imposed Risked Based MIP. President Bush said he was suspending the implementation of the Risk based pricing effective 10/1/08. that will take it back to the old 1.50% and .50% monthly. As of yet HUD has not issued a mortagee letter to make Bush's statement official.
Send me a message from my profile page if you have any questions.