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 28th 2011 Views: 4,723 About Brandi: Brandi Rademacher with RE/MAX Realty South is the Professional Realtor who other Realtors come to fo...
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According toGeorge Ratiu,Senior Economistforrealtor.com:"The ability
"Brandi's patience and professionalism is what I will carry with me from this experience. My home purchase became quite the extended mess, set back after set back, on the sellers part. Without Brandi's ability to explain all the steps we were having to take and retrace, I would have lost my patience. And not once during the whole stereotypical real estate "nightmare" did she lose her cool. Brandi made my first home buying experience one I'll never forget, in a good way!