FHA increased the home equity conversion mortgage (HECM) limits for 2020. The maximum claim amount for FHA-insured HECMs in 2020 will be $765,600 (an increase from $726,525). The maximum claim amount of $765,600 is also applicable to the special exception areas of Alaska, Hawaii, Guam, and the Virgin Islands. The HECM limits apply to HECMs with case numbers assigned on or after January 1, 2020.
FHA
FHA Adopts Uniform Residential Loan Application for Title I Loan Programs
FHA issued Title I Letter (TIL) TIL-489, adopting the Uniform Residential Loan Application (URLA) for the Title I loan programs. Per the TIL, FHA replaced
January 10, 2025
