A Victory for Loan Limits
Posted by Trish Ricklefsen
Last week Congress voted to restore loan limits and the maximum cap for Federal Housing Authority (FHA) loans. Their action reinstates the loan limit of 125 percent of area median price up to $729,750. These higher loan limits will make mortgages more accessible and it is reported that nearly two-thirds of buyers who will be helped by the loan limits extension have income below $100,000. (Source: NAR)
If you enjoyed this post, please consider sharing it with others.
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
Advertisement
Advertisement
Saved
