San Diego Limits Set: FHA Raises Housing Loan Limits
In an article, Move will affect Most California Mortgages, By Emmet Pierce:
In a move that could help thousands of distressed San Diego homeowners, the Federal Housing Administration yesterday announced that it will raise the limits on mortgages it guarantees to $697,500 within the county.
Lenders welcomed the move, which is expected to provide relief for some borrowers whose adjustable mortgages are resetting at higher rates just as home values are falling.
To read the entire story….read Move will affect Most California Mortgages.
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