FHA did increase to loan limits for their traditional forward mortgages. They kept the reverse mortgages at the current level of $239,850.
1 Family | $316,250 |
2 Family | $404,850 |
3 Family | $489,350 |
4 Family | $608,150 |
This will provide better loan programs for the families who have credit scores below 680, because FHA does not have credit risk pricing adjustments.
The 3% down has not been changed.
For aditional information please contact me.
Rich Lecinski
Long Realty Company
Oro Valley - Tucson Arizona
520-834-4663
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Real estate services in the Oro Valley, Greater Tucson, Vail and Marana areas. I work with a team and we can cover much of Southern Arizona including Rio Rico and Nogales. My phone is always on.
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