The Federal Housing Administration announced it is increasing loan limits in 2017. These loan limits are effective for case numbers assigned on or after Jan. 1, 2017. The FHA set the loan limits on a yearly basis and they are based on a percentage calculation of the nation conforming loan limit. The loan limits increased in 2,948 counties due the rise in housing prices (List of counties).
Here is how the new 2017 FHA loan limits look in North Texas
| County | 2016 | 2017 | Increase |
| Collin | $334,650 | $362,250 | $27,600 |
| Denton | $334,650 | $362,250 | $27,600 |
| Dallas | $334,650 | $362,250 | $27,600 |
| Grayson | $271,050 | $275,665 | $4,615 |
| Rockwall | $334,650 | $362,250 | $27,600 |
| Tarrant | $334,650 | $362,250 | $27,600 |
The FHA also increased the amount for FHA-Insured Home Equity Conversion Mortgages (Reverse Mortgages). HECMs will increase to $636,150 in 2017.
There were no decreases for 2017 and 286 counties remained unchanged.
If you are thinking about buying and want to take advantage of the increased limits in 2017 there is no better time than now to start looking. Feel free to give us a call us at 214-620-0411 or Contact Us if you have any questions. We would love to answer them and help you find your dream home in 2017.