FHA Raises Loan Limits

March 7, 2008 by Eleanor Leave a Comment

fha loans cary FHA just made buying a home in Cary (and the rest of the RTP) easier!

Let’s face it – not that many people have 10 to 30% to put down on a new home… FHA only requires 3.5% and they allow THAT to be a GIFT!

BEST OF ALL… FHA announced this week that they are increasing their allowable loan limits across the country! FHA limit for Wake County is $295,000. To find out about loan limits for surrounding areas check out: FHA loan limits for Wake County, Durham County, Johnston County, Franklin County, Harnett County and Orange County.

FHA loans allow for gifts for downpayments, easier credit scoring requirements – and they will work with people who have part time jobs.

If you are in the market for a FHA mortgage in the Research Triangle, trust Steve and Eleanor Thorne at Corporate Investors Mortgage Group. We have over 20 years of experience helping first time homebuyers make the best move! Call us to get prequalified! 919-649-5058

Filed Under: Housing News Tagged With: FHA Credit Score guidelines, fha downpayments, fha guidelines apex, fha loans cary, fha loans raleigh, FHA Programs, first time buyers programs cary, first time home buyers, first time homebuyers, first time homebuyers research triangle, raleigh fha loans

About Eleanor

I see myself differently than most loan officers in the Cary/Raleigh market. As a rare Cary native, I see myself as an expert on the area, on mortgage industry changes & factors that effect rates! I've lived in Cary since 1968 - and I'm second generation "mortgage." I work with my husband, Steve Thorne Mortgage Loan Originator #60596 River Community Bank, N.A., NMLS #448992 Equal Housing Lender More About Me