Great news for home buyers! FHA has new loan limits starting January 1, 2014. The loan limit has increased from $288,750 to $305,900. This means you can now buy a house priced at $316,990 with only 3.5% down in Travis, Williamson, Hays, Bastrop, & Caldwell counties.
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Equal Housing Lender
No statement on this website is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the house to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Terms of the loan may be subject to payment of points and fees by the applicant. NMLS# 3116
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This is a little-known fact, and one local home buyers should be more aware of. Thanks for posting this.