HUD Raises Statutory Mortgage Limits for Multifamily Loans

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On July 7, 2014, HUD issued Mortgagee Letter 2014-14, which raises statutory limits for multifamily programs. According to Rockhall EVP Scott Brown, “These revisions should make FHA multifamily programs viable in many new high cost markets that previously had been priced out by the old statutory limits.” For more information, contact your Rockhall originator for more details.