April 's Stephens Blog

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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

Comments

Knowlegeable buyers=better buyers! 

Welcome to Active Rain.  I hope you find it rewarding. 

Posted by Katie Evans (Keller Williams) over 10 years ago

Thanks so much!

Posted by April Stephens, Broker/Realtor - Johnston & Wake County (RE/MAX One Realty) over 10 years ago

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