Congress Votes to Increase Loan Limits on FHA - 11/18/11 06:33 PM
Working in concert to meet a tight deadline,Congress and the White House have raised the FHA loan limit in high-cost real estate markets, making it easier to obtain an FHA loan on properties up to $729,750*.
 
Following passing votesin the House of Representatives and Senate, President Obama signed HR 2112, the Consolidated and Further Continuing Appropriations Act of 2012, into law, renewing the expired higher loan limits for Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) loans for an additional two years, through December 31, 2013.
 
The limit to conforming loanswas reduced to $625,500 on October … (0 comments)

 
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Ray Avanzino

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