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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 24 - Housing and Urban Development |
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Subtitle B - Regulations Relating to Housing and Urban Development |
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Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
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SubChapter B - Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities |
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Part 221 - Low Cost and Moderate Income Mortgage Insurance - Savings Clause |
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Subpart A - Eligibility Requirements - Low Cost Homes - Savings Clause |
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Insurance Under 221(d)(2) |
§ 221.11 - Increased mortgage amount—high cost areas.
Latest version.
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In any geographical area where the Commissioner finds cost levels so require, the Commissioner may increase the dollar amount limitations set forth in § 221.10 to amounts not to exceed:
(a) $36,000 for a one-family residence, except that such amount may be increased to $42,000 in the case of a family with five or more persons.
(b) $45,000 for a two-family residence.
(c) $57,600 for a three-family residence.
(d) $68,400 for a four-family residence.