HUD has finalized the new 2008 loan limits for FHA, FNMA & FHLMC backed loans.
The new limits increase the max loans for FHA from just over $368K up to $729,750. Although the highest amounts are for high cost metropolitan areas such as Los Angeles, New York, & San Francisco, Every county in America benefits from an increase in the FHA loan limit from $200K to a new minimum limit of $271,050. This helps to increase the number of US households that can qualify to purchase and refinance their homes.
You can find the new limits for your area here: 2008 Loan Limits .
FNMA & FHLMC, AKA Fannie Mae & Freddie Mac, are both GSE's or Government Sponsored Enterprises that purchase loans made by Mortgage Banks that meet their criteria. The new loan limits for Fannie & Freddie rose from $417K up to $729,750 as well in many areas, depending on Geographic area based on housing prices. Many areas did experience a significant increase in this amount, even if it didn't go to the max ceiling. For instance, Seattle homes can now qualify up to $569,500, and San Diego homes now qualify up to $697,500.
Please do not hesitate to call us to find out if the new loan limits can help your financial plans.
Our toll free number is 866-900-2342.
You may also apply online to get your home loan quote at http://www.vandykfunding.com/ , simply click on the Loan Application button at the top of the page.
Showing posts with label HUD. Show all posts
Showing posts with label HUD. Show all posts
Saturday, March 8, 2008
Sunday, September 9, 2007
FHA Loans with VanDyk Mortgage
VanDyk Mortgage offers FHA & VA loans Direct to consumers. No middlemen necessary.
VanDyk Mortgage proudly holds the title of "Full Eagle Direct Endorsement" lender with HUD for FHA origination. What does this mean? It means that in the past 20+ years, VanDyk Mortgage has developed & maintained a great record with HUD for quality FHA Lending, and FHA has entrusted VanDyk Mortgage with the highest status of HUD approval, Full Eagle.
This designation allows us to underwrite and fund your FHA loan ourselves. No brokering necessary. Direct Rates with Personal service. Why would you trust your loan to a "Johnny Come Lately" company or Loan broker who is just entering the FHA field when you can go to a team of trusted FHA professionals like VanDyk Mortgage.
Contact Brian Skaar, Branch Manager with VanDyk Mortgage today at 866-900-2342 x106 or apply online at VanDyk Mortgage to get your FHA loan started.
VanDyk Mortgage proudly holds the title of "Full Eagle Direct Endorsement" lender with HUD for FHA origination. What does this mean? It means that in the past 20+ years, VanDyk Mortgage has developed & maintained a great record with HUD for quality FHA Lending, and FHA has entrusted VanDyk Mortgage with the highest status of HUD approval, Full Eagle.
This designation allows us to underwrite and fund your FHA loan ourselves. No brokering necessary. Direct Rates with Personal service. Why would you trust your loan to a "Johnny Come Lately" company or Loan broker who is just entering the FHA field when you can go to a team of trusted FHA professionals like VanDyk Mortgage.
Contact Brian Skaar, Branch Manager with VanDyk Mortgage today at 866-900-2342 x106 or apply online at VanDyk Mortgage to get your FHA loan started.
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