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EDIT!  These loan limits CHANGED AGAIN on 2/24/2009.  FHA limits as of THAT date in Wake County are now back to $295,000

You better Hurry!According to the calculations done by HUD, and released in their recent Mortgagee Letter, the maximum FHA loan limits in Wake County will be $271,050 effective January 1, 2009.

If you are considering a purchase, you need to act soon, so that you can CLOSE BEFORE THE END OF THE YEAR.

Not only will the FHA loan limits be going DOWN from the current $295,000 - the amount of money needed for downpayment is going UP!

ALSO effective January 1st - the FHA downpayment goes to 3.5%! 

So Hurry Up!  Call us for more qualifying information!  Rates are low, downpayments are at their lowest point, and home prices are at the bottom!

 

 
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11 Comments on FHA Loan Limits Change in the Triangle 1/1/09

NOV
10
2008
2 Featured Posts

Eleanor, thanks for the heads up! Great pix of the dogs! Anybody's in particular?
12:51pm • #1
149,483 Points

Good info to get out there about loans Eleanor. It would help if people would buy before years end.
12:54pm • #2
961,537 Points 12 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Eleanor

Thanks for posting the information, the buyers need to act fast to take advantage of the higher FHA limits.

Good luck and success

Lou Ludwig
12:59pm • #3
245,206 Points 26 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Maybe this will get the fence sitters off their behinds to act.  Great dog pics!
1:08pm • #4
143,149 Points 5 Featured Posts Outside Blog

If my dogs jumped into that much water, they would get lost. Keep the information flowing Eleanor.
1:20pm • #5
548,242 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp

Government loans will be the way of our foreseeable future we all need to be more knowledgeable. I do like the photo.
7:23pm • #6
208,177 Points 6 Featured Posts

How does this make sense in this economy? 
7:47pm • #7
NOV
12
2008
1 Featured Post

Thanks again for the great information.  Have a great week!!
5:36pm • #8
NOV
16
2008
648,083 Points 5 Featured Posts Outside Blog Called Shot Master

Love that dog picture!  Good luck with the lending.
4:43pm • #9
NOV
21
2008
139,779 Points 3 Featured Posts Localism Sponsor Outside Blog

Great reminder!  I love the photo!  Says it all!
4:08pm • #10

Thanks for the info Eleanor, I have feeling there is more loan regulations to come.
6:41pm • #11

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Eleanor Thorne 919-649-5057 Cary Mortgage Loans

Cary, NC

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Steve Thorne NC Mortgage Experts

Address: 111 Corning Road, Suite 230, Cary, NC, 27518

Office Phone: (919) 649-5058

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