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Local Loan Limits – Penelope, TX loan limit summary. limits for FHA Loans in Penelope, Texas range from $314,827 for 1 living-unit homes to $605,525 for 4 living-units. Conventional Loan Limits in Penelope are $484,350 for 1 living-unit homes to $931,600 in Penelope are $484,350 for 1 living-unit homes to $
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