24% of the homes sold on the West Bank this year have been financed with an FHA mortgage, so it remains a very popular financing option, especially for first time home buyers.
The loan limits in the New Orleans metro area are set annually and have been reduced for 2014 to the following.
New Orleans FHA LOAN LIMITS FOR 2014
- 1 Unit $271,050
- 2 Units $347,000
- 3 Units $419,425
- 4 Units $521,250
Do you need help finding a local FHA lender? Call us at 504-327-5303 and we’ll share our list with you.