Modest Housing

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The Section 184 statute requires that all housing under the Program be considered modest in size and design. To meet this requirement, no loan under the Section 184 Program may exceed 150 percent of the maximum FHA mortgage limit for the area. The FHA mortgage limits are published periodically by FHA in a Mortgagee Letter and by local FHA Field Offices if changes occur within their jurisdiction. The listing of mortgage limits may be obtained from either the Program ONAP or the Internet at: www.hud.gov.