Reno FHA Loan limits will be reduced as of January 1, 2014
Posted by David Hughes on
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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