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loans: FHA Lending Limits - What does that mean to me?
- 01/07/14 05:58 AM
FHA Lending Limits - What does that mean to me? As a home buyer, you may have heard a lot of chatter about the FHA lending limits changing in 2014. Most people would say, so what? But it does affect many families ability to buy in certain areas. I’ll attempt to show you why… Firstly, what exactly is the FHA? The Federal Housing Administration (FHA) was created as a result of the great depression set up to housing assistance. Back then and now, many homebuyers don’t meet typical lending criteria like credit scores, or financial requirements. The FHA was set up
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