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Mortgage and Home Equity Forum Credit requirements pertaining to Mortgages, Sally Mae, HUD, Foreclosures, home equity lines of credit. Discussions about Real State in general belong on this forum. What you need to know prior to buying and selling a home, real estate investing ideas. This and more can be forun here.

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Old 03-11-2008, 09:46 AM   #1 (permalink)
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FHA Loan and FHA Refinance

Hi,

The Federal Housing Administration has long been a channel where borrowers who fall within the guidelines can turn to get a loan. The FHA loan allows borrowers who qualify for the program to put less money down, have less money as reserves to qualify, and even provides a small credit towards closing costs. Strides are underway to increase the max loan amounts and loosen the requirement to fit borrowers who are in mortgage trouble into the FHA loan. Many troubled borrowers who are unable to refinance with the current lending restrictions and limited loan options will be able to turn to FHA for help.


For FHA Loans, FHA Refinance, and Local FHA loan limits pleas visit:
"I want to spam.com"
Cheers,
Samantha
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Old 03-14-2008, 10:25 AM   #2 (permalink)
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The loan limits were indeed raised. To check the limits for your county go to:

https://entp.hud.gov/idapp/html/hicost1.cfm

The memo from HUD says that this is a tempory loan limit increase, good only until 12/08.

Charles
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