| The Federal Housing Administration (FHA) has announced new mortgage loan limits for high cost areas like California, New York, New Jersey…… and other states, the FHA new loan amounts have been raised to as high as:
$729,750 for a single family home.
$934,200 for a 2-family home
$1,129,250 for a 3-family home
$1,1403,400 for a 4-family home
These new loan limits will have a very positive effect on homeowners seeking a lower, fixed interest rate.
This new FHA policy change should help many homeowners who need to refinance but normally would not qualify for a conventional mortgage. This also allows people that have more expensive homes and have fallen behind on their mortgage payments to use the new FHA secure program.
Our professional lenders will lend you at low interest and provides the best mortgage refinance rate. For more information on FHA mortgage refinance, please visit www.calmortgagedepo.com/fha-loan-california.html or call 1-800-881-5764 to connect to one of our loan officers.
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