Good News!
The department of Housing and Urban Development has raised the loan limits on FHA financing from $271,050 to $365,000. FHA loans continue to be a wonderful financing option, and in currently one of the best options available to many buyers. 
Coupled with the improved affordability of homes, this is definitely the best time to buy in ages. Affordability is at a five year high right now, based on median income, median home prices, and mortgage rates.
An additional 25 percent of the homes currently on the market are now candidates for FHA financing. Buyers are now able to buy more home, and/or better homes, for the same amount, thanks to these changes.
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