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FHA Loans

I have recently started to take advantage of the FHA Loan Programs that are available to buyers. I thought it would be helpful if I posted the FHA requirements that may benefit you & your clients.

Why Choose FHA?

FHA Loan Limits

1 unit $729,750

2 unit $934,200

3 unit $1,129,250

4 unit $1,403,400

*Good news!

FHA'S Higher Loan Limits are here

- Purchase & Refinance

- NO DECLINING MARKET VALUE J

- No Income Limits (like most programs)

- HUD has no minimum credit score

- 1-4 units O/O only (Full doc only)

- Permits non-occupying co-borrowers w/ out separate qualifying ratios (FNMA requires the income combine for qualifying ratios)

- Cash out refinances up to 95% LTV / 97.75% rate & term

If you are a buyer in the San Francisco Bay Area & would like additional information, please email me at nicole@mve2day.com

Posted by Nicole Machado on 05/04/2008 07:20 PM

Comments (5)

fha, loans, government, firts time home buyers, buyers, real estate

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5 Comments on FHA Loans

Nicole I bet before the increases you couldn't buy much in San Francisco.

05/04/2008 07:31 PM

by John Walters (Specialized Real Estate)

I have been using FHA loans as well. It is much easier also since they changed how they do inspections..or eased up on some of their requirements.

Dave

05/04/2008 07:31 PM

by Dave Ruwe Realtor GRI www.daveruwehomes.com (Re/Max Lakeshore Grand Haven)

I have a client that wants to use an FHA loan and I will pass this info on to them.

Thanks for the info.

05/04/2008 07:36 PM

by Abiud (Abi) Montes (EWM Realtors)

Our top in Va is $417,000 and it will buy a nice little house if there were buyers out there.

05/04/2008 07:42 PM

by Denise Allen Realtor@ Chesapeake (GSH Real Estate)

Thanks for the information.

05/04/2008 08:00 PM

by Tony Brust Real Estate Agent, REALTOR, ABR, e-PRO, Pekin & Peoria IL Area (Coldwell Banker Devonshire)

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