Home Insurance in 07003>Question Details

Survivor, Home Buyer in 07003

What is the maximum loan amount on a 203k in Essex County NJ?

Asked by Survivor, 07003 Mon Aug 2, 2010

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5
Hi Survivor,

You can click this link https://entp.hud.gov/idapp/html/hicostlook.cfm to find the maximum FHA mortgage limit, which is $729,750 for a one family dwelling and up to $1,403,400 for a 4-family dwelling in Essex County NJ.

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203kContractors.comâ„¢
Contractor Directory for the FHA 203(k) loan program
Web Reference: http://203kContractors.com
1 vote Thank Flag Link Wed Aug 11, 2010
The FHA maximum loan amount in Essex County NJ is $729,750 for a one family dwelling and up to $1,403,400 for a 4-family dwelling in Essex County NJ. You can click this link https://entp.hud.gov/idapp/html/hicostlook.cfm to find the maximum FHA mortgage limit in any area of the county.

-----
203kContractors.com®
Contractor Directory for the FHA 203(k) loan program
Web Reference: http://203kContractors.com
0 votes Thank Flag Link Fri Sep 17, 2010
FHA 203K:The maximum loan amount is $35,000 and the minimum amount is $5,000.
Quick answer please contact Gov. site for actual numbers.
0 votes Thank Flag Link Fri Sep 17, 2010
Another answer is, depends on what loan applicant can support by way of credit qualifications, the property value before and after rehab, the cost of work needed or wanted (two different things).
0 votes Thank Flag Link Mon Sep 13, 2010
The loan limit for a 203k, which is an FHA loan is 729,740 on a single family. This for owner Occupied, and would include the renovations and the loan amount. I might recommend the best 203 k Lender I know, if you have more questions:

Jeremy Knapp
Loan Officer
Residential home Funding
cell973-214-8311
jknapp@rhfunding.com

Hope that helps.
0 votes Thank Flag Link Mon Aug 2, 2010
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