HUD Loan Limits for Fresno California Real Estate

By
Real Estate Broker/Owner with Lazarus Realty

This just in … actually I received it via an email from Jennifer Arnbrister, an Account Executive at Reunion Mortgage. HUD has revised their lending limits for the entire country and according to Jennifer the Central Valley rates are in today while the rest of the country has to wait until tomorrow.

Here are the rates for Fresno and several other Central California counties:

Fresno 381,250 417,000
Kern 368,750 417,000
Kings 325,000 417,000
Madera 425,000 425,000
Merced 472,500 472,500
San Joaquin 488,750 488,750
Stanislaus 423,750 423,750
Tulare 325,000 417,000

You can go to the HUD website to find the information about your area.

For years conventional financing trumped FHA financing and you would rarely see an FHA loan done.  I’ll be honest - I HAVE NEVER DONE AN FHA LOAN!  Times are changing though and FHA loans look like they may become the loans of choice for home buyers.

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Rainer
6,599
Kevin Williamson
Coldwell Banker Shepherd Group - Moreno Valley, CA
Homes for Sale Moreno Valley
I just got that news yesterday. I am calling up all my buyers here in Riverside to let them know the good news. It seems that with all of this legislation that is coming down from DC and all of the lenders finally doing something about this mess we might actually see some more postive numbers this year then last. I really hope the media takes this news and starts with some more postive coverage of changes in the housing market
Mar 06, 2008 04:57 AM #1
Rainmaker
1,076,910
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
I just find it so amazing that those are the prices for starter housing in some areas.  You almost need to be a millionaire to afford those prices.
Mar 06, 2008 04:58 AM #2
Rainmaker
79,032
Randy "Lazarus" McAtee
Lazarus Realty - Fresno, CA
Owner/Broker, Lazarus Realty, Fresno California
I find it ironic that they are finally raising the limits - just as the median home prices are falling.
Mar 06, 2008 03:00 PM #3
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Rainmaker
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Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
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