high balance loans: FHA High Balance Limits Restoration in progress - 11/16/11 07:30 AM
Good news! In a compromise negotiated Tuesday, Congress agreed to restore the $729,750 conforming loan limit for FHA mortgages.
 
Some purchasers prefer FHA to Fannie and Freddie and some the opposite, but virtually every transaction that would have closed as a Fannie or Freddie loan can now close as an FHA loan.  FHA  allows for a lower down payment, and restoring the high balance loan limit for FHA probably does more to provide a vehicle for all types of home buyers than anything else. The extension will continue until December 31, 2013 and applies to high cost areas including all of … (0 comments)

 
Carl Snyder (HomePlus Mortgage)

Carl Snyder

San Diego, CA

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HomePlus Mortgage

Address: San Diego, CA

Office: (619) 469-6824

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