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FHA loan limits will rise in Georgia – expect a sales spike in 2015

Hot first time buyer zip codes will likely see a 15-20% increase in sales in 2015, when FHA loan limits increase. Currently in Metro Atlanta and the  surrounding counties the FHA loan limit is $320,850.00 this will increase to $342,700.00.  This will include the following counties: Fulton, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, Dekalb, Douglas, Fayette, Forsyth, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Morgan, Newton, Paulding, Pickens, Pike, Rockdale, Spalding and Walton. For other counties in GA it should remain at $271,050.   FHA ANNOUNCES NEW LOAN LIMITS TO TAKE EFFECT JANUARY 1ST  2015 Loan limits for highest and lowest cost areas to remain unchanged WASHINGTON - The Federal Housing Administration (FHA) today announced the agency's news schedule of loan limits for 2015. These loan limits are effective for case numbers assigned on or after January 1, 2015, and will remain in effect through the end of the … [Read more...]