January 1st Mortgage Changes

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Mortgage and Lending with Veterans United Home Loans NMLS #1907 NMLS# 261072

On January 1, 2009 the conforming loan limit for our area in Hampton Roads will increase from $417,000 to $458,850. The FHA loan limit will be $458,850 as well, up from the mid 300,000 dollar limit this year. This means more money is available at non-Jumbo rates or qualifying requirements! Also, the FHA downpayment requirement is supposed to increase from 3% to 3.5% January 1st. If you have any specific questions call me or email and I will help in any way I can!

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