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HUD raises lending limits

Housing and Urban Development Secretary Alphonso Jackson announced that the Federal Housing Administration has increased its single-family home mortgage limits by more than 7 percent. Effective Jan. 1, 2005, FHA will insure single-family home mortgages up to $172,632 in low-cost areas and up to $312,895 in high-cost areas. The loan limits for two-, three- and ...

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