Jeff Hansen & Arvin Paredes

408-657-9837

Downtown San Jose Condo & Townhouse Living

FHA Ceiling Raised!

So What Does This Actually Mean?

FHA

Financing through FHA (Federal Housing Administration) has been very attractive because of the low down aspect of it, especially for first time home buyers. Up until recently, the FHA ceiling was set for homes purchased up to $625,500. In other words, you could buy a home that costs $625,500 with low down through FHA financing.

Now, the ceiling has been raised to $729,750! All of you FHA buyers out there can now expand your price range by a good chunk of money. However, don’t forget, the property itself has to be FHA approved. For more information on this latest news, click here. If you are unsure about the FHA guidelines, contact me, and we’ll talk about them together. We can also talk about other possible financing options that make the most sense with your financial picture.

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