| TEMPORARY LOAN LIMIT INCREASE FOR FHA New FHA Loan Limits Effective March 6, 2008 One-Family Two-Family Three-Family Four-Family $410,000 $524,850 $634,450 $788,450 This should help many people who cannot qualify under Conventional guidelines. Since underwriting guidelines have tightened up the second half of '07, FHA would be the financial answer for many. And now that the loan limits will be increasing to better reflect home prices in Illinois, borrowers can look to FHA for purchasing a new home and re-mortgaging their existing conventional adjustable rate loans. FHA allows you up to 97% of your homes value, so if you have a Conventional ARM that you cannot afford the payment on anymore, contact me for a payment quote. |
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| Stimulus Package Signed February 13, 2008 |
| Benchmark Mortgage | 1750 E. Golf Rd., Suite 310 | Schaumburg. IL 60173 Illinois Residential Mortgage Licensee |
