Tuesday, 31 August 2010
FHA HAS JUST INCREASED THEIR LOAN LIMIT IN KING AND SNOHOMISH COUNTIES
TO $567,500! This is up over $200K from the previous loan limit. This will allow for much better pricing than JUMBO loans up to $567,500.
Can you imagine a JUMBO scenario where the borrower doesn't need to show
any seasoned assets and only has to make a 3% down payment, -which can be money contributed from any family member AND their interest rate would be 5.625% on a 30yr?? (today's rate) This is almost a FULL point better than a JUBMO, non-conforming 30yr fixed!
UNREAL. .we will be seeing MANY more FHA loans in the following years to come.
Also to help BOTH Buyers and Sellers. I have a special program that give the commission back to the buyer looking for any type of Real Estate. Thats right, you find the property and I will write and negotiatie the contract and then see it through to the end. North West RE will keep $2,500 and the rest will go to YOU! for Sellers I have a Flat Fee listing for $2,500. You will get your property listed on the MLS and Full a Service, completely Marketed listing. Best of all you pay nothing till your home sell.
Feel free to call me with any questions.