HappySeniorHomeOwners Blog

Great News for Homes Valued at $636,150 or More!!!

June 14th, 2018 10:38 AM by Juan Luis Rodriguez-Kohly

As of January 1, 2018 the Federal Housing Administration (FHA) has increased the Maximum Lending Limit for Reverse Mortgages from the old $636,150 a new $679,650.

Even though the increase is not large, it is an improvement for homes worth more that $636,150.

This means that if your home is worth more than $679,650, (ie $800,000 or $1,000,000) the maximum value FHA will consider it to be is $679,650. To this amount FHA will apply the age factor, to give a specific loan amount for that borrower.

If you have any questions please call me at 786-262-6486  or email at RodKohly@gmail.com

Your comments will be appreciated. Post here or send them to RodKohly@Gmail.com   *   For most answers call me at 786-262-6486  or visit http://HappySeniorHomeOwners.com   (English-Español).  Follow me in Facebook: http://Facebook.com/RodKohlyLO    To tell a friend visit  http://www.happyseniorhomeowners.com/tellfriend.aspx

Posted in:General and tagged: reverse mortgages
Posted by Juan Luis Rodriguez-Kohly on June 14th, 2018 10:38 AM

Recent Posts:

Archives:

My Favorite Blogs:

Sites That Link to This Blog:

Request Funds Estimate From a Reverse Mortgage

Please fill in the information required to provide you with a free, no obligation estmate. It is best if you indicate Date of Birth instead of just age. If you provide age, please include age on your nearest birthday. We Understand that you may be in the information gathering stage and may not be ready to open up about who you are and your needs at this time. If you are not comfortable providing all your contact information that is perfectly ok. Just enter your email address so that we can send you the information you are requesting. If you do not provide all, the information will be limted. You will not be contacted by telephone unless you request it. Please be assured that your information will be strictly confidential will never be shared by me with any third party for other purposes. thank you View Privacy Policy: http://HappySeniorHomeOwners.com/PrivacyPolicy ESPANOL Entendemos que Ud. pudiera estar en la etapa de recabar información solamente y no desee pro

REM Info Request Fields

Great Florida Lending, Inc

2828 Coral Way, Ste. 470
Miami, FL 33145