Financing in Chicago>Question Details

Albert, Other/Just Looking in Chicago, IL

What is the FHA limit?

Asked by Albert, Chicago, IL Thu Mar 7, 2013

Help the community by answering this question:


Maria Cipollone’s answer
It depends what area would you like to buy, each city and state have different amounts. For instant, in Florida for a single family home is $423,750.00. Shop around for a mortgage broker that can explore and answer any of your financial questions.

Best of Luck,

Maria Cipollone
Century 21 tenace
2 votes Thank Flag Link Thu Mar 7, 2013
In Chicago the limits are as follows:
Single Family Home $410,000
2 unit $524,850
3 unit $634,450
4 unit $788,450

Sam Sharp
Senior VP of Mortgage Lending
Guaranteed Rate
773 290 0455
2 votes Thank Flag Link Thu Mar 7, 2013
Sam's answer is correct, assuming that is what you were looking for.

Sean Cochran
Quality Mortgage Lending
630-470-6830 office
630-330-2229 cell
* FHA loans down to a 580 Fico Score
* No Money Down Purchase Programs
*$100 Down Payment Purchase Programs
Unlimited loan to value refinances on Fannie and Freddie
Same Day Purchase Pre Approvals
1 vote Thank Flag Link Fri Mar 8, 2013
Maria gave a good comprehensive response that indicates there may be other factors involved.
You should give her 'BEST ANSWER."

Is this what we really want to do Manuel?
0 votes Thank Flag Link Fri Mar 8, 2013

Sam gave you the most concise answer. You should give him a best answer award!
0 votes Thank Flag Link Fri Mar 8, 2013
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