FHA Home Loan Increase

FHA Home Loan Increase


Hey everyone, I hope you're all doing well and preparing for the holidays. It sure did sneak up on me again this year. Where does the time go? Well I just wanted to give you a quick update that may benefit anyone searching for a home and considering getting an FHA loan. 

The Federal Housing Finance Authority (FHFA) has just raised their conforming loan limit by 5.38% to a maximum amount of $510,400. In certain high cost areas, it's even more. This means buyers will have more flexibility (and possibly lower rates) when financing a higher priced home. 

I would love to get you in contact with my lending team to see what we can do for you even if you are thinking about refinancing. Please let me know how I can help!


Michael Wynne Headshot
Author:
Phone: 480-760-1166
Dated: December 5th 2019
Views: 1,190
About Michael: I am a licensed REALTOR® in Phoenix, Arizona. I specialize in working with First Time Home Buyers, ...

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