203b Loan Limits for Home Equity Conversion Mortgages in Delaware
Delaware 203-b Limit
A 203-b Limit is the dollar limit in each county for how much of a home's value can be used to determine the amount of money you can get from a federally insured HECM reverse mortgage; the name comes from Section 203-b of the National Housing Act. The following table shows the current 203-b limits for each county in the State of Delaware:| State | County | HECM Single Family Limit |
Last Revised |
|---|---|---|---|
| DE | NEW CASTLE | $ 292,685 | 20070101 |
| DE | KENT | $ 285,071 | 20080101 |
| DE | SUSSEX | $ 247,000 | 20051101 |
