In an effort to sustain what progress has been achieved in the housing market across the country Congress voted last week to restore loan limits and the maximum cap for Federal Housing Authority (FHA) loans. Their action reinstates the loan limit of 125 percent of area median price, up to $729,750. Higher loan limits will make mortgages more accessible—in fact, nearly two-thirds of buyers who will be helped by the loan limits extension have income below $100,000. If you haven't purchased a home in the last three years and have money for a down payment you could possibly qualify for a FHA loan. Now is a great time to buy a new home as many markets in WA including Yelm, Rainier, Roy, Olympia and Lacey are at rock bottom prices. With record low interest rates and higher loan limits the time to move is NOW!
Author:Brandi Rademacher Phone: 253-224-6663 Dated: November 27th 2011 Views: 4,358 About Brandi: Brandi Rademacher with RE/MAX Realty South is the Professional Realtor who other Realtors come to fo...
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"Bought a home in 2013 in Mirror Lake, Federal Way, WA 98003.
When I first started looking for a home I thought I would find it right away little did I know it was going to take a bit of a process, but with Dana's help I was able to find the home I had been looking for! She was really there for me and was very knowledgeable and knew what I wanted and desired! Dana was with me every step of the way and made it easier for both of us! Thanks to Dana my three year old son is very happy always says "mommy I really like our new house""