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: 4,708 About Brandi: Brandi Rademacher with RE/MAX Realty South is the Professional Realtor who other Realtors come to fo...
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Record low rates: There is at least one bright spot amid the econ
" Brandi spent an entire Saturday running my husband (who had just flown in for a couple days from Connecticut) all around to different towns near and far from the Olympia area. She was very friendly and professional in every interaction we have had, and she always looked out for our best interests. I believe she sincerely wanted to help us find the perfect house to suit our preferences. In addition, she drove to several homes that we were interested in and made videos so that we could get a clear idea of what the houses and neighborhoods were like. I wholeheartedly recommend working with Brandi! Best experience we've ever had with a realtor, hands down. "