Close

See current mortgage rates on Zillow Mortgage Marketplace

Profile picture for nuchio10

FHA loan limits in Dallas

I've tried searching and talking to a broker, but I'm trying to figure out what the actual FHA loan limit is for the Dallas area.  The broker said ~270,000 which according to the HUD website is the limit for an "FHA Forward" loan.  Others have told me 417,000, which is listed on the HUD website as "Fannie/Freddie" for the Dallas area.  Can someone explain the differences in these loans?  Thanks.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 13 2009 - Dallas
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (5)

 For future references:

https://entp.hud.gov/idapp/html/hicostlook.cfm
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 22 2009
The difference between a conforming loan (Freddie/Fannie) and a FHA is the FHA loan is insured by HUD through the Federal Government protecting the lender in the case of a default. Conforming loans over a 80% Loan-To-Value require Private Mortgage Insurance for the very same reason. Depending on your credit, the down-payment will increase with a conforming loan. FHA only requires 3.5% down payment regardless on your credit scores. Also, you may not qualify for Private Mortgage Insurance if your credit score is too low. (under 650). Fannie/Freddie allow up to a $417,000 loan amount, and FHA varies on the area. DFW is $270,050.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 22 2009
Nuchio10 - The FHA limit in all counties around Dallas is 271,050. 417,000 is the Conforming loan limit. If anyone is telling you that 417,000 is the FHA loan limit in Dallas or surrounding counties, I'd stay far away from them as they don't have a clue.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 15 2009
You may check out this article I wrote a while back that may help answer your questions. If you need more information, and would like the contact information for my preferred lender here locally just drop me an email.

[self-promotional post, removed by moderator]
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 13 2009
What county is it?

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 13 2009
 
Related Questions
If I'm married is there a way for me to apply for a FHA loan just using my information?
Profile picture for jack653
Latest answer by jack653
June 26 | 11 answers
Definition for FHA loan limits
Profile picture for Roswell Moore, C.M.P.S.
Latest answer by Roswell Moore, C.M.P.S.
February 21 | 6 answers
100% VA Financing with Low Credit
Latest answer by wetdawgs
February 19 | 9 answers
FHA loan limits
Profile picture for Brian Nguyen
Latest answer by Brian Nguyen
February 18 | 7 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 2016 Knollwood Ln, Carrollton, TX Home For Sale
    2016 Knollwood Ln, Carrollton, TX 75006

     For Sale: $190,500

    • Beds: 3
    • Sqft: 1183
    • Baths: 2.0
    • Lot: 8538
  2. 3311 Kinkaid Dr, Dallas, TX Home For Sale
    3311 Kinkaid Dr, Dallas, TX 75220

     For Sale: $155,000

    • Beds: 3
    • Sqft: 1579
    • Baths: 2.0
    • Lot: 10075
  3. 511 Woodcrest Way, Forney, TX Home For Sale
    511 Woodcrest Way, Forney, TX 75126

     For Sale: $115,900

    • Beds: 3
    • Sqft: 1530
    • Baths: 2.0
    • Lot: 6534