Great news has arrived for home buyers. FHA has just announced that the limit for their loans have been raised to $346,250. As you may be aware, FHA is currently a great way for buyers that have mariginal credit scores receive a loan for a home. This is good for Sellers as well. They can offer to pay the 3 percent down payment. Market's such as Anthem and out lining areas that are offering great prices for newer homes can take advantage of this new loan program.
THIS IS THE LARGEST CHANGE I'VE SEEN IN YEARS. THIS WILL GET OUR MARKET BACK ON IT'S FEET..
FHA BUYERS CAN BE AS LOW AS A 550 FICO
FHA BUYERS NEEDS TO BE FULL DOCUMENTATION
FHA BUYERS NEEDS TO BE BUYING AS A PRIMARY RESIDENCE
FHA BUYERS CAN USE GIFT FUNDS FOR THE DOWN PAYMENT
FHA BUYERS CAN HAVE THE SELLER PAY HIS DOWN PAYMENT, CLOSING COSTS AND THE DPA FEE. A TRUE 100% LOAN
Give me a call and I can get you more details.
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