Ryan Morrow
Loan Officer
Skyline Financial Corp
Phone: (661) 992-2216
Fax: (818) 971-4371
ryanmorrow@skylinefinancialcorp.com
http://www.morrowmortgage.com/

FHA Limits have been raised!

HUD has finally completed their loan limit changes for FHA financing!
Below is an example of what Los Angeles County has been increased to:

 

MSA Name MSA Code Division County Name County
Code		 State One-Family Two-Family Three-Family Four-Family Last Revised
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN D 31100 31084 LOS ANGELES 037 CA $729,750 $934,200 $1,129,250 $1,403,400 03/05/2008

What did your county increase to?  https://entp.hud.gov/idapp/html/hicostlook.cfm?CFID=9175300&CFTOKEN=4419c76-0002c3e1-25dc-17d0-84b4-80e92bf40000



How do these loan limit increases benefit you?

Purchase/Refinace Benefits

  • •No First Time Homebuyer Requirement
  • •No Minimum FICO Requirement
  • •No Income Restrictions
  • •Sellers Can Pay up to 6% toward buyers closing cost and or rate buydown
  • •3% Down payment can be gifted from non-profit orginzations or family
  • •Non-Occupant Co-signers allowed
  • •No 2yr. Work History Requirement
  • •Collections may not need to be paid
  • •Recently Listed for Sale ok for Refinance
  • •Refinance up to 97% loan to value
  • •No Risk based pricing for FICO's under 680!
  • •Great Rates on 30yr. Fixed and 5/1 ARMS




For More information on FHA Financing please call today


Ryan Morrow
Skyline Financial Corp
ryanmorrow@skylinefinancialcorp.com

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This post has been included in California Real Estate News

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Ryan Morrow

Palmdale, CA

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Sierra Pacific Mortgage Company

Address: 38780 Trade Center Drive Suite 2G, Palmdale, CA, 93551

Office Phone: (661) 526-1399

Cell Phone: (661) 992-2216

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