FHA Loan Limits Increased, Good News for Home Buyers in Stockton, CA
Many buyers in the Stockton real estate market were caught of guard when
they were not able to qualify for their FHA loans when the rug was pulled out
from under them when the FHA loan limits
were reduced, recently thise limits were reinstated by the U.S.
Congress in a appropriations measure includes a provision to restore the
Federal Housing Administration (FHA) loan limit in high-cost areas for two
years. The higher Fannie Mae, Freddie Mac, and FHA conforming loan limits of
$729,750 expired Oct. 1, when it was reduced to $625,500. The passage of H.R.
2112 provides for an extension of FHA-insured mortgages at the higher level
through December 2013. This is fantastic for Stockton home buyers. Hugh and
Maria have been helping buyers in finding that perfect home mortgage that meets
their pocketbook. Search for you new home at www.your-new-address.com .