Real estate blog entries tagged with jumbo by Kris Krajecki - FOX VALLEY MORTGAGE

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Home : Blogs : Kris Krajecki Mortgage Broker Huntley, IL : Kris Krajecki Mortgage Broker Huntley, IL's Blog : Tag "jumbo"

jumbo: AWESOME FHA NEWS!!! NEW HIGHER LIMITS!!! - 01/26/08 10:09 AM

As part of the economic stimulus package being negotiated by House Democratsand the Treasury Department, Fannie and Freddie loan limits will increasedfor one year up to $730,000. The increase will be adjusted for local marketsat 125% of local median home price. The move will significantly improveliquidity and pricing in the jumbo market. The agreement also includesraising the FHA loan limits to the same amount. We are trying to confirmwhether the other provisions of FHA reform will be included (such aslowering downpayment requirements). But at a minimum, the loan limits willbe increased.This represents an agreement in principle and must still go through … (0 comments)

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