Sep
18
Bush administration keeps FHA max loan amount under $417,000
Posted by Adam Swor under For Buyers, For Sellers, General Information
The Bush administration is standing firm on the max FHA loan amount to not exceed $417,000. There are some critics that say the amount is too low in markets where the median home price is higher than that. But, the administration believes the program “should remain targeted to traditionally underserved homebuyers, such as low- and moderate-income families.”
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