Good news for Oakland Country Realtors and Lenders!!!
FHA raised the loan limit to $297,500 effective Today! With a 3.5% down payment, it would let the purchaser buy a house at $308,290 (The buyer can go higher on the purchase price, but it would require more money down). Just an FYI!
Mike Sher
2011 Results: 56 Homes sold, 22 Short sales, $7,000,000 in sales & 365 days of focus!! SE Michigan Real Estate, Short Sale Expert, Birmingham, Bloomfield, Beverly Hills & . Bloomfield, Oakland County
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