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If you are trying to sell a $300,000 home in Wake County, NC - you just lost There are more changes!the opportunity to sell to hundreds of buyers.

The FHA loan limit in Wake County changed January 1, 2009 from $295,000 to $271,050... then it changed BACK to the $295,000 level 2 months later!

FHA offers buyers one of the most flexible programs available, 3.5% downpayment, minimal "pmi," understanding credit history requirements and GIFT FUNDS are allowed!

(If you are a buyer, check out this website for more FHA info)

If you have questions about how this loan limit change affects you, please call us!  Steve and Eleanor Thorne, 919-649-5058

 
This post has been included in North Carolina Real Estate News Wake County, NC Real Estate News
Post is included in group: First Time Homebuyer
Post is included in group: Mortgage Financing, Market Data & Forecast
Post is included in group: Mortgages
Post is included in group: Realtors®

8 Comments on FHA Loan Limits Wake County 2009

JAN
05
2009
571,409 Points 39 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master

thanks for the heads up, eleanor!  You are always the first to get the info to me!
4:41pm • #1
120,462 Points 3 Featured Posts Outside Blog

Hey there can you give me an idea for Durham, Granville, and Franklin County
6:50pm • #2
548,132 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp

IN our area FHA was a small part of our market today is the way to finance. Uncle Sam needs to keep the loan limits up not reduce them.
7:17pm • #3
JAN
06
2009
200,537 Points 27 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Rebecca! Thanks for asking

Orange    $334,650

Durham   $334,650

Granville  $271,050

Franklin  $271,050

Johnston  $271,050

Harnett   $271,050
9:00am • #4
168,863 Points 2 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

It's sad that the limits went down! I also lost a buyer due to the time since bankruptcy being extended. And we are supposed to spur the market?
10:18am • #5
120,462 Points 3 Featured Posts Outside Blog

Thank you Eleanor  - - - Majority of my listings qualify. Is it safe to say most properties in Franklin and Granville Counties qualify for USDA loans and are their loan limits?
11:49am • #6
200,537 Points 27 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Rebecca!  Franklin County and Granville County indicate that the entire county qualifies for USDA... in Granville, I would be cautious about properties that are right next to the Durham Line.  In those cases, I would refer to this website and look at each address specifically...
12:28pm • #7
157,938 Points 5 Featured Posts

Sorry to hear about the change.  But I love the picture.  I am sure you will make out just fine.  There is nothing in life like a good challenge.

Make This Year Your Best Year Ever

 

Leander
12:47pm • #8

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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

Cell Phone: (919) 649-5057

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