New FHA Guidelines in Ohio

By
Real Estate Agent with Cutler Real Estate

Whether you are an first time homebuyer or an investor, check out the new  FHA guidelines for your area.  The new limits are hot off the presses:

                      State                             One-Family Two-Family Three-Family Four-Family Last Revised

AKRON, OH  OH                                      $330,000   $422,450   $ 510,650     $634,600       3/05/20

 What this means to you:  FHA loans have a stigma of being difficult to obtain.  These newer guidelines will allow today's buyers the opportunity for a competitive interest rate with smaller downpayments.   The main advantage of a fha vs conventional loan is that the credit criteria for a borrower may not be as strict as a conventional loan. When deciding whether or not an FHA loan is right for you, understand that the FHA loan will generally have the least amount of money required to close and the lower payment.  FHA loans will allow the borrower who may have had a few "credit problems" or those with a more limited a credit history to buy a home.  For more information, visit http://www.fhainfo.com/index.asp

If you would like a referral to an FHA lender in your area, please email me at lornajustice@remax.net .  For our current listings visit http://www.legacyhudson.net/ 

 

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Rainer
61,439
Dorene Shirley
The Mortgage & Property Connection - Campbell, CA
Silicon Valley Real Estate
Lorna - Welcome to Active Rain.  Not to brag...but our limits here in Santa Clara County, Calif. went to the max of $729,000. I hope the new limits helps out your area!  I look forward to reading your future posts.
Mar 07, 2008 02:02 AM #1
Rainer
2,914
Lorna Justice
Cutler Real Estate - Hudson, OH
Hudson Area Homes
Thanks.  We can't really keep up with California in little old Ohio.  My family is in the Palo Alto area and they think our houses are mansions for what we pay!  Glad to be part of the Active Rain crowd!
Mar 07, 2008 02:06 AM #2
Rainer
61,439
Dorene Shirley
The Mortgage & Property Connection - Campbell, CA
Silicon Valley Real Estate
Palo Alto is a nice area!
Mar 07, 2008 02:09 AM #3
Rainmaker
88,681
Nakia Brooks
GaRealtyGroup | 2ShortSaleGuys - Braselton, GA
Selling GA, One yard at a time!

Hey Lorna,

Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer.  The more you browse the more you will learn.  I have found this site to be really helpful to me.  If you have any questions, please don't hesitate to email me, I will do whatever I can to help you.

Nakia Brooks, ABR
Keller Williams Realty, Lanier Partners
nakiabrooks@kw.com

Mar 07, 2008 06:08 AM #4
Rainmaker
691,541
Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes
So nice to see a new voice on Active Rain. I hope you gain many new clients and associates here.
Mar 07, 2008 03:54 PM #5
Anonymous
Unhappy Client but I need my house to close, so what do I do? I

Lorna,

    Maybne you and your partner should spend more time focusing on your clients and less time blogging. You and Jeff are the two most unprofessional people I have ever delt with and should have your licenses pulled for last of ethics. You are hateful and rude and unprofessional. I am filing complaints with Remax and the board of realtors for your actions or sorry, lack of actions on my behalf, and I will do everything in my power to ake sure people know they thruth about how your office does business. Good luck with your future endeavors.

Mar 20, 2009 01:55 PM #6
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Rainer
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Lorna Justice

Hudson Area Homes
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