Sentences with phrase «maximum national loan»

Not exact matches

The National Housing Act (NHA) mandates that the FHA set its loan limits at 115 % of the area median home price, subject to a national minimum «floor» and maximum ceilinNational Housing Act (NHA) mandates that the FHA set its loan limits at 115 % of the area median home price, subject to a national minimum «floor» and maximum ceilinnational minimum «floor» and maximum ceiling limit.

The Economic Stimulus Act of 2008 permits FHA to insure loans on amounts up to 125 percent of the area median house price, when that amount is between the national minimum ($ 271,050) and maximum ($ 729,750).

Secondary market loans are sold through a third party service, such as the Government National Mortgage Association, and those third party services often prescribe maximum loan amounts.

The National Housing Act provides formulas for HUD to determine maximum mortgage limits for loans insured by FHA.