10 Jan Holly Walther Lending Team: Fun Fact Friday: New 2020 FHA Loan Limit Changes
Hey, good afternoon. It’s Holly and little miss Daisy. She’s tired this Friday afternoon. The new year has worn her out. So happy Friday, we are here with your Fun Fact Friday. Last week we were talking about conforming loan limits. Um, how they increased and how fabulous that is for our market as we move into 2020. So wanted to remind you of FHA. FHA loans are fantastic loans. They only require 3.5% down. They are very lenient on a debt to income ratio. So what that means is how much you owe compared to how much you make. They’re lenient on credits. If you’ve had past credit issues, bankruptcies, foreclosure, short sells, all those things. So just wanted to let you know these loan limits have increased. You can buy a house with an FHA loan to up to $415,906. So for you realators out there, let your client base know of this wonderful new change. It opens up a whole new world of opportunity, not only for buyers but also your sellers. Because now we have got so many more perspective buyers out there. So if you’re a first time home buyer, call us (404) 436-0013 we would love to answer any questions you may have and see you in your new home. So have a great week. Happy New Year, and we’ll see you next time.