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FHA raise limits on financing in the Chicagoland Area
A bit of good news for low-down payment financing.  FHA requires 3.5% down, and that can be a gift.  
   The revised 2009 limits for the Chicago MSA are as follows:
      One-Unit:   $410,000
      Two-Unit:   $524,850
      Three-Unit: $634,450
      Four-Unit:  $788,450
... more

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