A great program for first time homebuyers is an FHA loan. Some credit issues and other concerns homeowners may have can be underwritten in FHA. This is partly because the mortgage insurance guarantees the investor in case of a default. FHA should see a major increase in the next few years due to the tightening of 100% Loan to Value programs and shrinking of the sub-prime market. Here in Hood River County, Oregon FHA has just increased the maximum loan from $200,160 to $299,250. Link to FHA loan limits. For more information on FHA loans contact your friendly mortage broker.
Amy McAllister Realty LLC 541-490-1436
Hood River, Oregon amym@gorge.net
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Disclaimer: I assume no responsibilty for accuracy of information provided within this post and blog. Many entries on this blog are based on the opinions and ideas of the author and are provided without warranties of any kind, either expressed or implied.
