Sentences with phrase «designated high cost areas»

Many Oregon homeowners continue to benefit from new increased FHA mortgage loan limits with fixed rate refinance loans up to $ 447,500 in designated high cost areas.

The national conforming loan limit for mortgages that finance single - family one - unit properties increased from $ 33,000 in the early 1970s to $ 417,000 for 2006 - 2008, with limits 50 percent higher for four statutorily - designated high cost areas: Alaska, Hawaii, Guam, and the U.S. Virgin Islands.

Not exact matches

The government designates 234 high - cost areas nationwide including New York City, New York; Los Angeles, California; and the entire San Francisco - San Jose - Oakland metropolitan region.

The Florida Critical Teacher Shortage Program (FCTSP) had three elements: (a) it provided loan forgiveness to teachers who were certified and taught in designated shortage areas; (b) it compensated teachers for the tuition cost of taking courses to become certified in a designated shortage area; and (c) for a single year, it gave bonuses to high school teachers who were certified and taught in a designated subject area.

Additionally, the borrower's «annual qualifying income must not exceed 100 % of the area median income or the income multipliers in the designated high - cost areas.»

In designated high - cost areas, such as Hawaii and Alaska, the conforming loan limit for single - family homes goes up to $ 679,650.

The government designates 234 high - cost areas nationwide including New York City, New York; Los Angeles, California; and the entire San Francisco - San Jose - Oakland metropolitan region.

Loans over $ 453,100 are not allowed, even in designated high - cost areas such as New York City, New York; Los Angeles, California; and Montgomery County, Maryland where the local conforming mortgage loan limit is $ 679,650.

However, Fannie Mae and Freddie Mac have designated high - cost areas where limits are higher.

An inner city area, for example, that has higher crime rates will cost you more in monthly premiums as it is designated at a higher risk value.

Additionally, the borrower's «annual qualifying income must not exceed 100 % of the area median income or the income multipliers in the designated high - cost areas.»

Loans over $ 453,100 are not allowed, even in designated high - cost areas such as New York City, New York; Los Angeles, California; and Montgomery County, Maryland where the local conforming mortgage loan limit is $ 679,650.

Difficult Development Area A difficult development area is any area designated by the U.S. Department of Housing & Urban Development, which has high construction, land or utility costs relative to area median gross incArea A difficult development area is any area designated by the U.S. Department of Housing & Urban Development, which has high construction, land or utility costs relative to area median gross incarea is any area designated by the U.S. Department of Housing & Urban Development, which has high construction, land or utility costs relative to area median gross incarea designated by the U.S. Department of Housing & Urban Development, which has high construction, land or utility costs relative to area median gross incarea median gross income.