Finance
What is the maximum FHA loan limit in high-cost areas for a single-family home (as of recent years)?
AThe same as in low-cost areas
BHigher than in standard areas, adjusted annually by HUD✓ Correct
CFixed at $417,000 nationally
DDetermined by the local county government
Explanation
FHA loan limits vary by area. High-cost areas (like metro Charleston, SC) have higher limits than rural areas. Limits are adjusted annually by HUD based on median home prices.
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