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Reno FHA Loan limits will be reduced as of January 1, 2014

Posted by David Hughes on Monday, December 9th, 2013 at 7:35am.

The  Congressional Authority for loan limits established under the Economic Stimulus Act for 2008 will expire on January 1 and the loan limit for an FHA loan will go from $403,750.00 to $325,450.00. If you fall within these parameters you need to get your loan in place now before the limit drops. Remember you can still do a 5% down conventional loan.

I have some great lenders and now is a great time to buy, prices went up 25% this year and will go up again in 2014.

Happy Holidays.

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