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The Federal Housing Administration's (FHA) Single Family Housing Policy Handbook 4000.1 (SF Handbook) is a consolidated, consistent, and comprehensive source of FHA Single Family Housing policy.
Today, the Federal Housing Administration (FHA) published its latest version of the Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1).
In 2023, the maximum FHA loan amount increases in more than three thousand counties. Only 12 counties will remain unchanged. When it comes to FHA HECM loans, maximum claim amounts increase from $970,800 (2022) to $1,089,300 (2023) effective for FHA case numbers assigned on or after January 1, 2023.
While you can apply for multiple FHA loans in your lifetime, you can usually only have one at a time.
Reasonable diligence requirement for the State is six months. In this example, the mortgagee met the reasonable diligence requirements for initiating, reporting and completing the foreclosure action.
Please note that originating FHA lenders may issue ?overlay? requirements that are in addition to the requirements of HUD/FHA. As such, individual lenders are permitted to continue to require appraisers to use the 1004MC, even though HUD does not.