FHA raise limits on financing in the Chicagoland Area

A bit of good news for low-down payment financing.  FHA requires 3.5% down, and that can be a gift.  

   The revised 2009 limits for the Chicago MSA are as follows:

      One-Unit:   $410,000

      Two-Unit:   $524,850

      Three-Unit: $634,450

      Four-Unit:  $788,450