FHA Loan Limits Increased!
FROM THE LEADERSHIP
A Victory for Loan Limits
 |
We have great news to share with you. Last week, Congress voted to restore loan limits and the maximum cap for Federal Housing Authority (FHA) loans. Their action reinstates the loan limit of 125 percent of area median price, up to $729,750. Higher loan limits will make mortgages more accessible—in fact, nearly two-thirds of buyers who will be helped by the loan limits extension have income below $100,000.
By: The National Association of Realtors
* Amy S. Arey, Realtor * Halo Group Realty * 214.901.1341 *
Comments(0)