The government has increased the FHA loan limits to $271,000!  This is in hopes that the much higher loan limits will draw move-up buyers into the market since they will be able to get better loan terms.  FHA loans typically require 3% down payment and the seller can contribute up to 6% in seller concessions.  This opens up a whole new range of homes for FHA buyers to look at in addition to bringing a lot more buyers into the market, that may not have been able to buy before due to not having 10, 15 or 20% down payment. 

View ALL homes for sale in the Miami Valley by visiting ThomasTeam.info