September 2011 
There are 1 blog entries for September 2011.
FHA Loan Limits to Change
Wednesday, September 21st, 2011 at 6:25pm. 4821 Views, 0 Comments.
If you happen to be a buyer who plans to buy a higher end home with Fha financing, you should be aware that at the end of the month, the maximum allowable purchase price for Fha will drop from $735,000 to $625,000. So basically this will affect anyone who is approved for Fha financing and looking for a home above $625k, taking about 100k of purchasing power away. There are efforts underway in Washington to leave the limit in place, however no one knows if it will be enough. The government wants to shrink Fha's share of the marketplace, and over the next several years look for more and more changes to Fha financing as the country looks to find more private money to fund home purchases.
The Oakland Real Estate Market is HOT
I'm happy to say, that there is definitely a significant increase in activity compared to this time last year. Multiple offer... Add Comment Read MoreShort Sale Debt Cancellation Set to Go Away
Originally, when you did a short sale you were taxed on the amount that you were forgiven by the lender. This was a seri... 13Comments Read MoreChanges To FHA Mortgage Insurance Premium
The Federal Housing Administration recently announced an increase in the upfront Mortgage Insurance Premium. Mortgage insuran... 4Comments Read More
