Real estate blog entries tagged with loan limits by Eleanor Thorne 919-649-5057 Cary Mortgage Loans (Steve Thorne NC Mortgage Experts)

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Home : Blogs : Eleanor Thorne 919-649-5057 Cary Mortgage Loans : Eleanor's RTP Blog : Tag "loan limits"

loan limits: FHA Loan Limits Wake County 2009 - 01/05/09 02:58 PM

If you are trying to sell a $300,000 home in Wake County, NC - you just lost the opportunity to sell to hundreds of buyers.
The FHA loan limit in Wake County changed January 1, 2009 from $295,000 to $271,050... then it changed BACK to the $295,000 level 2 months later!
FHA offers buyers one of the most flexible programs available, 3.5% downpayment, minimal "pmi," understanding credit history requirements and GIFT FUNDS are allowed!
(If you are a buyer, check out this website for more FHA info)
If you have questions about how this loan limit change affects you, please call us! Steve … (8 comments)

loan limits: FHA Loan Limits Change in the Triangle 1/1/09 - 11/10/08 12:44 PM

EDIT! These loan limits CHANGED AGAIN on 2/24/2009. FHA limits as of THAT date in Wake County are now back to $295,000
According to the calculations done by HUD, and released in their recent Mortgagee Letter, the maximum FHA loan limits in Wake County will be $271,050 effective January 1, 2009.
If you are considering a purchase, you need to act soon, so that you can CLOSE BEFORE THE END OF THE YEAR.
Not only will the FHA loan limits be going DOWN from the current $295,000 - the amount of money needed for downpayment is going UP!
ALSO effective January 1st - the FHA … (11 comments)

loan limits: FHA and the PMI Companies - 10/24/07 01:40 PM

We have a shot, after many years of begging, to make some real advances in FHA REFORM, but we'll need the Senate and President's help. HR 1852 is currently sitting in the Senate Banking Committee, and according to my Senator ( Ms. Libby Dole who is on the committee) it might not come out before Thanksgiving! Why would Congress hold up a bill that will increase the loan limits to 125% of the median sales price? Why would they hold up a bill that would do away with the "nasty" audit, and the net worth requirements (meaning almost every broker could … (2 comments)

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