FHA published the 2017 mortgage limits this afternoon. They follow the limits outlined in the FHFA announcement last week. The new FHA limits apply to case numbers assigned on or after January 1st, 2017. The new single-family “floor” is $275,665 and the new maximum loan amount in high cost areas is $636,150. For the Dallas-Fort Worth […]Read More FHA to Increase Loan Limits 2017!
Friends, I’m asked all the time what I think 2014 will look like as it relates to real estate. Thanks to my friend Steve Harney and his whole team at Keeping Current Matters, I’ve been able to answer that question. Here’s some of his hard labor research garnished with a little bit of mine. Enjoy! FHA – loan amounts have […]Read More Real Estate Must Knows for 2014!
Great news friends – buyers in the DFW metroplex (and surrounding areas) will see increased purchasing power thanks to FHA’s decision to increase loan limits beginning in January 2014. Currently the maximum loan amount for the DFW area is $271,050. With a 3.5% down payment (FHA’s minimum down payment requirement) this yields a purchase price […]Read More FHA increases loan limits in DFW for 2014