loan limits: Good news for Borrowers, FHA limits Reinstated. - 11/26/11 02:19 PM
Good news for Borrowers, FHA limits Reinstated.  I was reading the Realtor publication this week and they were discussing the FHA loan limits.  The loan limit has been reinstated at 125% of the area median price.
Nearly 66% of buyers who will be helped by the loan limits extension have an income below $100,000.  Here in the Mountain Home, Arkansas area per a loan officer this week, the limit is $271,050 for the FHA loan, and you can also add the 1% MIP (mortgage insurance premium) on top of that loan amount.  
According to the NAR (National Association of Realtors) … (1 comments)

 
John Howard, GRI, Mountain Home, Arkansas 870-404-3614 (Century 21 LeMac Realty)

John Howard

GRI, Mountain Home, Arkansas 870-404-3614

Mountain Home, AR

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Century 21 LeMac Realty

Address: 1024 hwy 62 E, Mountain Home, AR, 72653

Office: (870) 404-3614

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Helping people make their dreams come true by listening and working hard to put my client's needs first!


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