Still a Great Time to buy a Home
Friday, December 21, 2007
homes ownership is still within reach and one of the best investments you can make. Interest rates are still offered at incredible rates and terms with good credit.
Friday, December 17, 2007, the Senate passed a bill (93-1) to increase the maximum FHA loan amount to $417,000 for a single family residence. The current limit is $362,000.
This loan amount matches the current conforming loan amount for conventional loans. This will give some homeowners struggling with a decline in value the opportunity to refinance their current loans into a more stable FHA loan.
If you need assistance with a home in Central Arkansas give me a call - 501-580-3649.