04 Dec Holly Walther Lending Team: Fun Fact Friday – New FHA Loan Limits
Holly: Hey guys, happy Friday. It’s Holly and little miss Daisy. She’s a little tired. It’s been a long week here at Holly Walther team, but we have a great fun fact Friday for you. So yesterday HUD believes there are 2021 FHA loan limits, and we are so excited to announce that you can now purchase a home up to $427,800 with as little as three and a half percent down and qualify for an FHA loan guys.
Just a quick reminder, FHA is extremely lenient when it comes to standards as far as qualifying. They’re going to accept lower credit scores, higher debt to income ratios. They’ve got less restrictions in regards to bankruptcies as far as the chapter seven and chapter 13. So if you have any questions, give us a call. We would love to see you and your family or someone you may know and care about. Start out 2021 with a new home. So this is great news. Have a great weekend. Hope you’re off to a great holiday, and we’ll see you next week!