Is There A Greater Baton Rouge Home Appraisal Question I Can Help Answer? E mail asktheappraiser at g mail

FHA Appraisers Baton Rouge Report: FHA Loan Limits to Remain Same Through 2010

http://www.batonrougerealestateappraisal.com/ – FHA Appraisers Baton Rouge Report: FHA Loan Limits to Remain Same Through 2010

FHA Approved Baton Rouge Accurate Valuations Group 225 293 1500

FHALoanPros.com is reporting that FHA Loan Limits To Remain Same Through 2010. The article link is here. Here’s a snippet from the article:

“Current loan limits for FHA home loanshave been extended through the end of 2010. This move is expected to help ailing US housing markets by extending the availability of FHA loans to homebuyers and homeowners in higher priced markets. FHA loan limits are based on 125 percent of local median home value, and vary by location. With the demise of sub prime lending, FHA plays a significant role in providing home loans for borrowers who cannot meet conventional mortgage lending requirements. Challenges can include:

Moderate income: FHA allows higher housing expense to income (31 percent) and debt to income (43 percent) ratios than conventional mortgage lenders. Thee ratios, sometimes called front-end and back-end ratios, are determined by dividing borrowers’ estimated housing expenses by gross income, and dividing total installment debts by gross income. FHA also allows non-resident co-borrowers (such as parents) to sign as co-borrowers for primary borrowers needing income assistance. FHA guidelines are generally more lenient than conventional lending requirements.”

FHA Loan Pros

 


Related Posts Plugin for WordPress, Blogger...
Tags: , , , , , , , , , , , , , , , , ,
Previous Post

B.R. Business Report & FACL: Baton Rouge Home Prices Down Slightly

Next Post

Baton Rouge Real Estate in October 2009 Ranks Within 20 Strongest Metro Areas In U.S.

© 2007-2017 Baton Rouge Real Estate Appraisal Bill Cobb Greater Baton Rouge's Home Appraiser 225-293-1500 All Rights Reserved