FHA Loan Limits Increasing Means Buyers Can Buy MORE HOUSE With Minimal Down Payment

Dated: 12/10/2016

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The FHA mortgage program has long been a popular program for first-time homebuyers and other buyers who require financing with low down payment since it only typically requires 3.5% down payment from the Buyer, the down payment can be gift funds from a relative and the Seller can pay the closing costs!  We've just received news from our partner Brian Vincent with University Lending Group that the loan limits on these programs are increasing effective January 1, 2017.  The new loan limit will be $275,665 for our main service areas in Leon, Gadsden, Jefferson and Wakulla counties.  In Okaloosa and Walton counties the new loan limit will be $341,550.  If you're in the market for a new FHA loan Brian is a great resource.  And of course when you're ready to find that right and perfect home our Integrity Realty Leaders Team will be glad to help you. 

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Kenley Stringer

Raised in Tallahassee from 3rd grade onward, Kenley has an intimate understanding of the North Florida area. As a top-100 Tallahassee REALTOR each year since 2005 and now the leader of the Integrity R....

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