FHA HUD county loan limits have been updated for 2011. Looks like no change for Morris and surrounding counties.
Here’s a snapshot of what our immediate area looks like.Hunterdon, Middlesex, Morris, Sussex: $729,750
Warren County: $402,500
So yes, you can actually do 3.5% down on a single family home priced up to $756,000 in the higher limit counties. It’s even higher for multi-unit homes.
Call me if you have any questions about this or any other mortgage program.
For more detailed information, view my links page and click on New HUD Limits.
Have a great day & I hope to talk to you soon.