FHA LOAN LIMITS CHANGING IN 2014 CHARLES, CALVERT, ST MARY'S COUNTY MD

By
Real Estate Agent with Century 21 New Millennium MD

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 may no longer qualify for the Sales Price you were previously considering, or you may have to change your loan to a FHA Jumbo Loan, or Conventional Loan, which may require larger down payments and higher interest rates.

CONTACT A LENDER NOW!

Let me help you through the process.  I am Margaret C. Taylor REALTOR® sharing information and events in Charles, Calvert and  St Mary's MD.

I am qualified to help YOU buy or sell your home, or real estate investment. YOU need a Buyer’s Agent, or Listing Agent, to represent YOU.

ASK A QUESTION HERE RealEstate@MargaretC.com

CALL or TEXT 301 481 8407 for a FREE Consultation

I am a Century 21 New Millennium Real Estate Agent. Ask for MARGARET C.

I welcome your REFERRALS in Lexington Park, Great Mills, California, Hollywood, Leonardtown, Mechanicsville, PAX River, and all St Mary’s, Calvert and Charles Counties MARYLAND

This blog is for informational purposes only and is not intended as legal or tax advice. An Attorney, CPA, Loan Officer or other specialist should be consulted for specific needs.

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 Century 21 New MillenniumFor more informational articles go to St Mary's County, MD Real Estate Agent Subscribe to my Blog

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 SOUTHERN MD MAP of St Mary's, Charles and Calvert County, Maryland

Lexington Park, Great Mills, California, Hollywood, Leonardtown, Mechanicsville, Charlotte Hall, Piney Point, Valley Lee, Callaway, PAX River, and more, also Calvert and Charles County MARYLAND

  CALL ME  I CAN HELP AND I CARE

MARGARET C. TAYLOR REALTOR 301 481 8407 

 Provide YOUR HOME CRITERIA for a complete HOME SEARCH RealEstate@MargaretC.com

Office: 301 862 2169

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Disclaimer for Short Sales and loan modifications IMPORTANT NOTICE  Your lender may not agree to change your loan and/or agree to a Short Sale.  If you stop paying your mortgage you could lose your home and damage your credit.  Seek legal and financial counsel.

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