Boy, do I have some great news - homebuyers in the DFW Metroplex will see increased purchasing power thanks to FHA's decision to increase loan limits beginning this month, January 2015.
Currently the maximum loan amount for DFW area is $287,500 which means buyers may buy a $297,900 home by putting the very minimum down. However, very soon the max loan amount increases to $310,500! This means you can buy a $321,750 home with the minimum 3.5% down payment - an increase of $23,850 in purchasing power!
Call me to put this GREAT news to good work!
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