April 's Stephens Blog

head_left_image

FHA Loan Limits Change in the Triangle 1/1/09

Important information for Home Buyers!  Meridian Mortgage is one of my preferred lenders.  They know their product and have an outstanding reputation. 

You better Hurry!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!

 

Comment balloon 2 commentsApril Stephens • November 21 2008 06:42PM
FHA Loan Limits Change in the Triangle 1/1/09
share
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… more
My Favorite Website…
share
I cannot begin to say enough great things about a local website developed to keep the community informed of upcoming events, local news, and just about anything else that goes on in our area. Two of the most popular features would have to be the… more
Cleveland Commons Sidewalk Sale this Saturday!
share
Cleveland Commons Buisnesses 4042 Saturday Nov15th 9am 3pm Inventory reduction, Holiday Previews, Complimentory foods(Dominos, Dairy Queen) Sale Items, Buisness Promotions, Gift Cards, New Products… Capital Pools, Smoker Friendly… more
Silver Winning Parade Home
share
more
I don't say it often enough…
share
Thanks to all our police, soldiers, fire fighters etc. I was sitting at the light at 42 & Cleveland School this afternoon when I noticed a truck sitting in the turn lane had caught fire. The men in the truck and everyone around took off… more