E-Mail 'Are Bigger FHA Loan Limits Ahead?' To A Friend

by Peter G. Miller
January 14th, 2009

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This entry was posted on Wednesday, January 14th, 2009 at 2:50 am and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Are Bigger FHA Loan Limits Ahead?”

  1. Chandler Real Estate Says:

    I’m torn on this issue. On the one hand, I see a benefit to raising conforming limits in our own market in the Phoenix area so as to make some more expensive homes more appealing and also have some impact on custom homes. That’s assuming that limits here in the area would get raised when indeed they may not.

    On the other hand, the limit is high already given that most of our market activity is well in the sub-$350K segment. As well, the challenges with jumbo loans may be one element that is driving pressure for lower prices on homes and in the long-term, I believe that is better for the area.

    Regarding the tie in to FHA limits, the one area where I believe markets could benefit is to reinstitute down payment assistance but in a more controlled and limited fashion (but without additional cost structures added to the buyer). This would be a temporary measure to spur renewed buyer activity but also address SOME of the concerns that DPA users are less reliable borrowers.

    Thanks for the post here. David Lorti

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