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What percentage of the current market value of the house must the loan be less than?

April 26, 2017House loan market PERCENTAGE value

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What percentage of the current market value of the house must the loan be less than?

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The size of the new FHA-insured loan will be the lesser of the amount the borrower can afford to repay, as determined by the current affordability requirements of FHA, or 90 percent of the current value of the home. Loans must be 30-year, fixed rate loans.