The FHA single-family maximum mortgage
limit is established as 38 percent of the Freddie Mac conforming
limits (currently $77,197) but may increase up to 75 percent of
these limits (currently $152,362) in high cost areas. HUD will
raise the limits above the 38 percent ceiling if housing sales
price data is received from interested parties (primarily
homebuilders, mortgage lenders, and realtors), which justifies an
increase.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.