Important information for Home Buyers! Meridian Mortgage is one of my preferred lenders. They know their product and have an outstanding reputation.
According to the calculations done by HUD, and released in their recent Mortgagee Letter, the maximum FHA loan limits in Wake County will be $271,050 effective January 1, 2009.
If you are considering a purchase, you need to act soon, so that you can CLOSE BEFORE THE END OF THE YEAR.
Not only will the FHA loan limits be going DOWN from the current $295,000 - the amount of money needed for downpayment is going UP!
ALSO effective January 1st - the FHA downpayment goes to 3.5%!
So Hurry Up! Call us for more qualifying information! Rates are low, downpayments are at their lowest point, and home prices are at the bottom!