H.R. 176 · 109th Congress
FHA Single Family Loan Limit Adjustment Act of 2005
- Stage
- In committee
- Sponsor
- Gary Miller
- Introduced
- 2005-01-04
- Latest action
- 2005-02-23 · Referred to the Subcommittee on Housing and Community Opportunity.
Summary
FHA Single Family Loan Limit Adjustment Act of 2005 - Amends the National Housing Act to revise eligibility requirements for Federal Housing Administration (FHA) single family mortgage insurance to increase the maximum principal obligation to the lesser of: (1) 100% (currently 95%) of the median single-family house price in the area; or (2) 100% (currently 87%) of the alternative the dollar amount limitation.