ma county loan limits 2023
The FHA loan limits in Massachusetts vary by county and are important for homebuyers.
Berkshire, Franklin, Hampden, Hampshire, and Worcester counties have an FHA loan limit of $472,030 in 2023.
The Providence metro area has a higher FHA loan limit of $661,250 for 2023.
The Boston metro area has an even higher FHA loan limit of $828,000 for 2023.
Dukes and Nantucket counties have the highest FHA loan limit of $1,089,300 in 2023.
FHA loans offer advantages like low down payments and flexible credit guidelines.
Other loan options besides FHA loans are available for homebuyers in Massachusetts.
It's essential to stay updated on loan limits as they can change from year to year.
Loan limits themselves don't directly affect interest rates, but the loan amount borrowed can impact rates.
Homebuyers can consult local lenders or the FHA website for specific loan limits in different Massachusetts counties.
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