Effective Immediately FHA loan limits have been raised to the following for single family homes-
$298,750 for Cuyahoga, Lorain & Medina counties=max sale price of $304000
$330,000 for Summit county=max sale price $336000
$271,050 for Erie, Huron & Sandusky counties=max sale price $276000
Maximum seller contribution for closing costs, points & prepaids remains at 6% of sale price
Minimum credit score is 620
Downpayment required 3.5%- entire downpayment can be a gift but NOT seller funded.
NMLS #728176 Full service community bank located in Lorain county. I am the Sr. Mortgage Loan officer. I will determine mortgage financing options to best meet your needs! Call today!
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