New loan limits for FHA loans

FHA has revised the loan limits to a much nicer number. View the following link for information on the current limits in your county. FHA Limits

FHA has some nice and easy program guidelines that helps the first time home buyer and the seasoned buyer as well. I have listed some of the more attractive points about an FHA mortgage below.

· Answers on prequals immediately!!!!

· Up to 97% on Pur. and Rate & Term Refi’s

· Up to 95% on Cash Out

· Down payment can be a gift

· Non-Occupant co-borrower program

· Ch. 13 BK buyout Up to 95% LTV (must have been in it for 1yr. with 0x30 pay history)

· Can use Alternative Credit (Utility Bills etc…)

CAll or email me today to discuss your next FHA loan.