Temporary Loan Limits Return for all FHA loans in High Cost Areas
Recently, the President signed into law a new bill H.R. 2112, called the Consolidated and Further Continuing Appropriations Act of 2012. In response to this new legislation, HUD has issued Mortgagee Letter 2011-39 detailing the acceptance and timing of the return to higher FHA loan limits.
Here are the limits for our most immediate areas;
Lake County $401,250
Marin County $729,750
Mendocino County $512,500
Napa County $729,750
Sonoma County $662,500
Please feel invited to contact me should you have any questions!
* An FHA loan is the easiest way to qualify for home buying AND refinancing.
* American Pacific Mortgage is a Full Eagle FHA lender and our clients love the low fixed rates and security of a government-insured loan. Our mortgage application and processing uses exclusive technology that cuts the headaches out of getting an FHA loan. I have been providing Santa Rosa, Sonoma county and California residences with FHA financing for over 26 years!
* You can refinance up to 97.75% of your home’s value. FHA cash-out refinance loans allow you to take out up to 85% of your home’s value.
* Refinance your FHA loan and get a lower mortgage rate and payment with an FHA Streamline – even if you owe more on your home than it’s worth.
* Buying a home? Your down payment can be as low as 3.5% of the price of the home. *
* FHA also allows seller concessions up to 6% of your home purchase price.
* Need a lower payment? FHA has safe adjustable rate loans also!
Talk with us anytime at (800) 660-4843 or
fill out a secure1003 Application, you will be Happy you did!
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