Great News! FHA Limits for the Washington MSA which includes Fred, Spotsylvania and Stafford have been increased to $729,000. So in effect we now have 97% financing available again rather than a Max of 90% under the conventional loans programs which have also been increased to $729,000 in the same areas.
FHA Limits have also been increased in other VA localities including :
We would expect to have Pricing and computers updated by early April to be able to facilitate these new limits. The attached Excel file has the complete listing for changes nationwide. PLEASE remember that under current legislation, this increase is temporary and will revert back to the prior limits as of 12/31/2008 unless Congress extends the program. This gives us a window of opportunity to provide financing for more homes with better terms.
If you enjoyed this post, please consider subscribing. 
Subscribe
in a reader or Subscribe by Email
We respect your privacy and your information will not be shared.
There are currently 2 responses
Thank you for the data… It looks like they may be extending the new limits permanently. Which would be a great decision…
Thank you for the info.
Leave a reply
Trackback this post | Subscribe to the comments via RSS Feed