Great News to Seller, A Buyer may now qualify for your Home

Great News to Sellers, A Buyer may now qualify for Your Home

With The Temporary Raise In FHA Loan Amounts

- Effective Friday, March 7, at 7 a.m. Central time -

Current Max Mortgage $275,200 New Max Mortgage $410,000.00

Limits increase.............Credit policy parameters are the same The biggest benefit of the FHA limit increase is offering borrowers the higher loan amounts with the same credit policy parameters - all credit requirements, LTV's, and debt-to-income ratios remain just as they are today.

Benefits of the Temporary FHA limits

• Pricing is currently lower than standard Conventional 30 YR Fixed.
• No Minimum credit score!
• FHA loans are fully assumable
• FHA loans allow gift funds for down payment = 100% Financing
• FHA loans help capture the low-to-no down payment clients. These programs have continued to be very limited and carry much higher interest rates.
• FHA loans allow non-occupant co-borrowers
• FHA loans allow Flex/Fixed Buydowns!
• FHA loans will help First Time Homebuyers buy homes

If you are a buyer looking for a new home this is good news for you as well! Call myself or your real estate agent today to start your home buying experience.