February 27, 2009

More Buyer Assistance - FHA Limits Have Increased!

Posted to Steve Randall

We recently helped a couple rent a home with the intent that in a year from now they would be ready to purchase a home on their own. We discussed with them how to get themselves qualified for an FHA loan. FHA loans require the least amount of downpayment and therefore a family can get a loan sooner than most conventional loans. In order to assist buyers to purchase a new home, the FHA lending limits have been expanded to include larger mortgage amounts. FHA is one of the best ways for new home buyers to finance a property. These new loan limits will allow buyers to be able to afford more home for the money.

Click here for the current rates for Utah.

Here is a link for FHA loan limits for the rest of the country and here is a link for what qualifications a buyer should have to receive an FHA Loan. For more information on loan qualification please contact me directly for a list of lenders who do FHA loans.

Posted By: Steve Randall



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