What This Means to You
Great news from FHA for just about every county across the country! With the passing of H.R. 2112 (The Consolidated and Further Continuing Appropriations Act of 2012), FHA has confirmed its commitment to keeping FHA loan limits as high as possible to stimulate the housing market. This means that FHA has reestablished the previous higher FHA loan limits that were in place before they were decreased during the period of October 1, 2011 through November 17, 2011.
The FHA loan is one of the best options for homebuyers in today’s market. Buyer agents need to know the FHA loan limits so they can properly advise their buyers, and listing agents need to know the FHA loan limits to know whether to accept FHA financing terms on their listings.
If you have any questions about the FHA loan limits in the counties you service or what this development could mean for your clients, contact me anytime. And if there’s anything else I can do for you or your clients, just let me know. I’m always happy to help.