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FHA Loan Limits Wake County 2009

If you are trying to sell a $300,000 home in Wake County, NC - you just lost 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

Posted by Eleanor Thorne 919-649-5057 Cary Mortgage Loans on 01/05/2009 02:58 PM

Comments (8)

FHA Loans in the Mortgage / Finance Channel

fha, loan limits, wake county, nc

Originally posted at: Mortgage Lending, NC Style: FHA Loan Limits Wake County 2009

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8 Comments on FHA Loan Limits Wake County 2009

JAN

thanks for the heads up, eleanor! You are always the first to get the info to me!

Hey there can you give me an idea for Durham, Granville, and Franklin County

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.

JAN

Rebecca! Thanks for asking

Orange $334,650

Durham $334,650

Granville $271,050

Franklin $271,050

Johnston $271,050

Harnett $271,050

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?

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?

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...

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

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