Posts Tagged ‘FHA’
Will the Government Shut Down Affect the Real Estate Market?
Many people are concerned that the government shut down that took effect at midnight will affect various markets and industries in this country. Government-run parks and industries are shut down, over 800,000 people are on furlough, there will be an interruption in many services. But will the real estate market be affected? Loan problems: if…
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Congress Restores Higher FHA Loan Limits
It is official – Congress has voted to bring back the higher FHA loan limits. The measure, once signed by the President, will push the FHA conforming loan limit in the highest priced real estate markets (like California and New York) to $729,750 through 2013. The current limits cap at $625,500 in these markets; they…
Read MoreDon’t Have a Big Downpayment? A Loan May Still Be Possible
These days it is more difficult than ever before to qualify for a loan. Lenders have such a tight grip on their money that they practically require you to sign over your firstborn to release it. Many buyers find themselves in tricky situations – first time buyers who might not have enough cash or credit…
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