**Click Here to go to the Orignial post on wealthwithmortgage.com**

S. 2338 proposes a few couple improvements to extend credit to those who need it more.  Specifically those improvements are:

• In the lower 48 states, loan limits will increase from $362,000 to $417,000.
• Reduction of the down payment requirement from 3% to 1.5%.

The FHA Modernization Bill is still waiting to voted in the house.  It passed in the senate 93-1 on December 14th.

For a quick reminder on how this process works, here's a fun run-through: (if you're having difficulty viewing, click here)

You can track the FHA Modernization Bill through GovTrac.us.

**Click Here to go to the Orignial post on wealthwithmortgage.com**

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