Delaware FHA Loan Limits as of October 2011
Delaware FHA Loan Limits for 2011
Delaware FHA loan limits are set to change for the worse on October 1, 2011. The temporary increase in FHA loan limits expires October 1, 2011. The loan limits were raised in 2008 to help stimulate the housing industry that was reeling from a recession caused by the collapse of the mortgage market.
The new FHA loan limits in Delaware are based on the median home price for each county and are as follows:
New Castle County, DE – $379,500
Kent County, DE – $271,050
Sussex County, DE – $316,250
The biggest drop that will affect most home buyers is in Kent County which will see almost $100,000 drop in Delaware FHA loan limit effective for FHA case numbers assigned on or after October 1, 2011.