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What are the minimum and maximum amounts that I can borrow?

April 26, 2017amounts borrow maximum minimum

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What are the minimum and maximum amounts that I can borrow?

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A. The maximum amount you can borrow is based on a HUD formula that factors in the age of the youngest borrower, the interest rate, and the maximum claim amount. The maximum claim amount is the lesser of the appraised value of your house or the maximum principal amount for a one family residence that can be insured by FHA in your area. The maximum mortgage amount insured by FHA varies by geographic area and changes frequently. Please call to request a “FREE ANALYSIS” in order to determine want loan amounts you are eligible for based on your individual circumstances.