getting a mortgage in southern md: FHA LOAN LIMITS CHANGING IN 2014 CHARLES, CALVERT, ST MARY'S COUNTY MD - 12/10/13 02:24 AM
Be prepared the:
FHA LOAN LIMITS are DECREASING on January 1, 2014 in CHARLES, CALVERT and ST MARY'S COUNTY MARYLAND
Southern Maryland is not the only area impacted by the FHA Loan Limit changes. In many areas the Loan Limits are going down.
County                 Current Loan Limit          2014 Loan Limit
Charles                 $729,750                              $625,500
Calvert                 $729,750                              $625,500             
St Mary’s             $400,000                              $347,300
What does this mean for you the Home Seller or Home Buyer?
For the Home Seller you may start to see a smaller pool of Home Buyers!
For the Home Buyer it may mean less homes are available to you for a regular FHA Loan.  You … (0 comments)