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FHA LOAN LIMITS REINSTATED
Congress recently approved restoring FHA’s previous loan limits through 2013 at 125% of local area median home prices up to a maximum of $729,750 in the highest-cost markets. Those limits previously expired September 30. The reinstated loan limits will help make mortgages more affordable and accessible for hard-working families throughout the country. Nearly two-thirds of buyers who will be helped by the loan limits provision have incomes below $100,000. This is great news for qualified home buyers. In addition to the restoration of FHA loan limits, mortgage rates are at historic lows and there is a large inventory of homes available on the market. For those who remain undecided about purchasing a new home, it is time to stop straddling the fence and take that step toward homeownership.
For more information contact a REALTOR® with Curry Real Estate today. You can also view available homes for sale at CurryRealEstate.com.
Tags: buying a home, Curry Companies, Curry Realtors, Dublin, Homes for Sale in Dublin, New Homes
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