Real Estate Glossary



  Maximum Claim Amount

Your maximum claim amount is the lesser of two figures:

-- Your home's appraised value.
-- HUD 203(b) limit.

The HUD 203(b) limit is the maximum loan amount that FHA will insure for residences in your geographical area. Check with your lender to get the latest figures for your area.

 

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Westfield, New Jersey Real Estate
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