fha loans: TIME FOR FHA?
- 03/25/08 04:56 PM
Hello again, With the industry changing daily (sometimes twice daily), I wanted to give everybody a heads up as to where we stand right now. FHA loan limits have been increased for the rest of 2008. This means that you can purchase a home that is 700K+ in some areas with only 3% down (which can be paid for by the seller or can also be a gift!!!) However, there are a few things to consider before jumping on the preverbal bandwagon: 1) If you are in a declining area, your loan with be cut by 5% meaning that you would have to come … (1 comments)
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