Stimulus plan could help Tri-Citians get HUD loans

By the Herald staff

More homebuyers in the Tri-Cities will be eligible for loans insured by the Federal Housing Administration thanks to a provision in the stimulus package that temporarily raises loan limits, the U.S. Department of Housing and Urban Development accounted Tuesday.

In the Tri-Cities and Benton and Franklin counties, the limit for a single-family house is now $275,000.

For a duplex, the limit is $352,050.

On a three-unit house, the limit is $425,550 and on a four-unit house it’s $528,850.

The limits previously were $271,050, $347,000, $419,400 and $521,250, respectively, and were established as the permanent limits at the beginning of 2009.

The most recent change in limits applies to all FHA-insured mortgage loans written between now and Dec. 31st.


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