Washington Report

Advocacy Updates from Washington D.C.

MSA Calculations Affect Loan Limits

On March 19, 2014, President Steve Brown wrote a letter to the Federal Housing Administration (FHA) about the significant drops in loan limits in some areas with revised Metropolitan Statistical Area (MSA) determinations. While MSAs are determined by the Office of Management and Budget (OMB), FHA has the discretion to modify which counties it selects when determining loan limits. NAR urges FHA to use this discretion in areas that have seen significant drops in loan limits.

Letter to FHA

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.