Thursday, May 15, 2008

New FHA Loan Limits in Dallas, County Texas

Well with a good portion of the nation suffering with the Real Estate Market, and the mortgage meltdowns tightening up the credit requirements, FHA (Federal Housing Authority) has created new loan limits for most of the nation. This loan limit in Dallas, County as increased to $271,055. This loan program allows borrowers to put 3% down payments and allows for the seller to contribute gift funds or pay for the borrowers closing costs. This is the closest thing we have to 100% financing. Great low fixed interest rates apply. Credit glitches older than two years are forgiven.

Dallas Real Estate prices are holding strong. With new business relocating to the region, sales are remaining steady. Now is the time to purchase a property.

For a consultation please call today, or visit http://www.themasterrealtor.com/

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