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FHA loan amount on the Gov. site is $70,000. but $85,500. quoted here. How?!?

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October 14 - Troy
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YES ...on the FHA loan calculator, yearly income is eligible for around $70,000.  How are loan quotes being posted etc. @ $85,500 with this income info?  In other words how can someone with my income receive a loan this substantial?  I know that I could make the payments as I have been paying rent the past 6+ yrs at this payment level, But will lenders actually be willing to lend me this amount with an FHA loan?Thank you.
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October 15
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Since August 2009

Karelizabeth,

Are you referring to the loan limit?

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October 15
 

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Question FHA loan amount on the Gov. site is $70,000. but $85,500. quoted here. How?!?
  • Latest answer by karelizabeth
  • October 15
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