Loan Limits Restored for Federal Housing Administr
LOAN LIMITS RESTORED FOR THE FEDERAL HOUSING ADMINISTRATION
According to an update from the National Association of Realtors, Last night Congress restored the loan limits for the Federal Housing Administration (FHA) for two years. In the article it states that late September the FHA, Fannie Mae; and Freddie Mac loan limits were reduced in 42 states pricing potential home buyers out of the American Dream of home ownership and holding back the housing recovery.
Due to the joint efforts of REALTORS® and their leadership in their management team, all worked hard to educate Congress that well-qualified buyers didn't need yet another hurdle to access affordable mortgage financing.
Blog Archive2017-01-02 11:10:21
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