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Home > President's Economic Recovery Package to Make More Families Eligible for FHA-Insured Mortgages
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President's Economic Recovery Package to Make More Families Eligible for FHA-Insured Mortgages
Wednesday, February 25, 2009

WASHINGTON - More American families will be eligible this year to purchase or refinance their homes using affordable, FHA-insured mortgages, thanks to the economic stimulus package signed into law by President Obama last week. The American Recovery and Reinvestment Act of 2009 will allow HUD's Federal Housing Administration to temporarily increase its maximum loan limit, allowing FHA to insure larger mortgages at a more affordable price in high-cost areas of the country.

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