Exciting announcement on FHA loan changes for Marion and contiguous counties. Now you can buy more home with FHA loans, and the loan limit has been increased. Mortgage rates are extremely low right now. If you are thinking about buying NOW IS THE TIME!
FHA changes: Loan limits for Marion and contiguous counties has been increased to $295,550 from $271,050
FHA mortgage insurance premium DECREASE: the annual renewal premium has been decreased to .85% from 1.35% effective for CASE #’s issued on or after 1/26/15.
FNMA 97: FNMA has created a 3% down mortgage program for first time buyers,(haven’t owned a home in the past 3 years) rates are available now for this program.
By Keri Schuster, talktotucker.com/keri.schuster