The national loan limit for ( HECM) Home Equity Conversion Mortgages will remain at $625,500 in 2015, the Department of Housing and Urban Development announced today in Mortgagee Letter 2014-25.
The $625,500 loan limit also applies to traditional high-cost areas, such as Alaska, Hawaii, Guam and the U.S. Virgin Islands.
To read ML 2014-25, click here.
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act
Licensed by the Department of Financial Protection and Innovation under the CRMLA
California zip codes served: 93940, 93901, 93905, 93908, 93921, 93933, 93943, 93950, 93953, 93955, and 93962
Not available in New York.
Copyright © 2024 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies are subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.