Follow up to Last Post

I need clarify the new FHA loan limits I addressed in the last post. The maximum limits of $475,000 in RI is the FHA Jumbo limit. FHA Jumbo loans have a 3/8% to 1/2% higher rate. To stay under the Jumbo guidelines the loan cannot exceed $417,000, this is the limit for non-jumbo loans. This is similar to the conventional guidelines of $417,000.