Maximum Purchase Price or After-rehab Value Limits

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HOME maximum purchase price or after-rehab value limits are based on the Section 203(b) Single Family Mortgage Limits. Participating jurisdictions also have the option of determining their own limits in accordance with the procedures described in the HOME regulations at 24 CFR 92.254. The Section 203(b) limits are determined by HUD’s Office of Single Family Housing. Limits for certain "high cost" areas are issued. However, there is no comprehensive list of Section 203(b) limits for all jurisdictions. The latest limits for a particular jurisdiction must be obtained from the appropriate HUD Single Family Homeownership Center (HOC).