On 3/5/08 the Dept of Housing and Urban Development (HUD) announced that new conforming loan limits were increased. They are now calculated at 125% of the HUD published median prices. It is expected that this will generate more capital in the mortgage market which should result in lower interest rates. The current FHA insured loan limits for Single family in Wailuku is $790,000. For mortgage limits in other areas go to https://entp.hud.gov/idapp/html/hicostlook.cfm.

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