Ryan’s Mortgage Blog:
Hello everyone, it is good to be back blogging after a short hiatus. A lot has happened in the mortgage world since I last posted anything. The Fed cut rates and the conforming loan limits were temporarily raised to spark the Real Estate and Mortgage industries. Changes were also made for FHA (Federal Housing Administration); FHA loans are different from standard loans in the fact they are backed by the government and help first time home buyers. It is a whole topic in itself that I can get into at a later date, but for now you can read about it here: http://www.hud.gov/offices/hsg/fhahistory.cfm.
The loan limits were raised for FHA loans throughout
As far as the loan limits on other loans is concerned, they were raised based on each county.
Feel free to contact me with any questions or comments at 805-540-0866 or RBaker@PeregrineLending.com