edgewood: The Economic Stimulus Package and Your Home
- 04/09/08 11:58 AM
Conventional and FHA Loan Limit Increases The transition in the mortgage market has taken another interesting turn thanks to the passage of an economic stimulus package that includes increases to Federal Housing Authority (FHA) and conventional loan limits. This plan has been months in the making and was backed by the National Association of Realtors®. Last fall, many potential homebuyers who would have qualified for subprime mortgages found themselves shut out of the real estate market due to a lack of available mortgage products. Increased FHA loan limits will help 138,000 Americans buy a home and will help another 200,000 refinance their current (0 comments)