mortgage limits: New Limits For FHA Mortgages In Advance NC
- 04/16/15 02:05 AM
The Federal Housing Administration (also known as FHA) reviews their mortgage limits every year. Home buyers should be aware of what these limits are and how they may change. Below is some helpful information on new limits for FHA mortgages in Advance NC. Definition of FHA Mortgage LimitsMortgage limits reflect maximum mortgage values meeting the requirements of an FHA mortgage. The mortgage value is not the same as the purchase price. For instance, if you find a property for $ 400,000.00 and are paying a 3.5 percent down payment, then the mortgage value comes out to $ 386,000.00 . FHA Mortgage Limits CalculationsFHA … (0 comments)
The Federal Housing Administration (also known as FHA) reviews their mortgage limits every year. Home buyers should be aware of what these limits are and how they may change. Below is some helpful information on new limits for FHA mortgages in Advance NC.
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