Congress and President Obama approved a measure today to raise the high cost loan limit for FHA loans from $625,5000 to its previous ceiling of $729,750. This means that homeowners in high cost areas can once again be eligible for larger size loans and enabling them to purchase homes while not having to bring in […]
Tag Archive | "Congress"
Some good news for homeowners as the Senate voted yesterday to approve a measure that would restore the high balance conforming loan limit to $729,750 in high cost areas. The amendment was added to a spending bill by Senator Robert Menendez and was approved 60-31 in the Senate. If the larger spending bill is approved, […]