The urban buyer just had a major win last week. The cap for FHA loans was raised about a 100K to $364,000.00 which now actually addresses a need and the prices of urban properties. FHA has been somewhat 'out of touch' with appreciating real estate prices in the past seven years and now they did something about it. This benefits existing projects that have at-least 51% owner occupied and the HOA is turned over to the residents. FHA considers this as being 'warrantable'. Now buyers can get the best rates with little money down and assistance from sellers, family or friends. This is GREAT news!!! M.