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Great News!! FHA Has Raised It's Lending Limits!

By Brigita McKelvie, Associate Broker

Real Estate Agent with Cindy Stys Equestrian and Country Properties, Ltd. PA License #AB068077

March 06, 2008 06:17 AM

Great news for the buyer! FHA has just increased it's mortgage limits. The breakdown, as of March 5, 2008, for the Lehigh Valley, PA area is as follows:

In NORTHAMPTON COUNTY and LEHIGH COUNTY it is:

                              $402,500      for a single family home
                                515,250      for a 2 family home in Northampton County and $512,250 in Lehigh County
                                622,850      for a 3 family home
                                774,050      for a 4 family home

In BUCKS COUNTY it is:

                              $420,000       for a single family home
                                537,650       for a 2 family home
                                649,900       for a 3 family home
                                807,700       for a 4 family home

Along with the low intereset rates, this allows for more buyers to be able to afford homes in the Lehigh Valley area.

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Chris Ann Cleland

Long and Foster Real Estate - Gainesville, VA

Associate Broker, Bristow, VA

That reminds me, I 've got to look into how this has affected the DC Metro area.

Mar 06, 2008 06:35 AM

Jason Sardi

Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC

Your Agent for Life

Brigita - This should open some doors for many individuals across the Valley.

Mar 06, 2008 06:40 AM

Brigita McKelvie, Associate Broker

Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA

The Broker with horse sense and no horsing around

Chris:

I believe the lending limits were raised for every area.

Mar 07, 2008 05:57 AM

Jason:

It certainly does. Especially for first time home buyers.

Mar 07, 2008 05:59 AM

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

yes this is great news. It will help improve the Real Estate market.

Mar 07, 2008 11:10 PM

DDR Realty

DDR Realty - Newburgh, NY

Orange County NY

Brigita, this is great news for buyers in your local area and across the country.

To check FHA Mortgage Limits click on this link: https://entp.hud.gov/idapp/html/hicostlook.cfm

Mar 07, 2008 11:37 PM

Great News!! FHA Has Raised It's Lending Limits!

Comments(6)

Brigita McKelvie, Associate Broker

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