Since the Housing Bill became law last week that includes a permanent increase the FHA Loan Limits, can we expect this to continue to increase every month?
Monday, August 4, 2008
Average FHA Mortgage Amount Continues to Grow!
The Economic Stimulus Bill that temporarily raised FHA Mortgage Amount Limits to as high as $729,500 in certain areas looks like it has played a factor in the actual average amount for FHA Mortgages. The accompanying chart shows how the Average FHA Mortgage Amount is growing every month.
Since the Housing Bill became law last week that includes a permanent increase the FHA Loan Limits, can we expect this to continue to increase every month?
Since the Housing Bill became law last week that includes a permanent increase the FHA Loan Limits, can we expect this to continue to increase every month?
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Hello
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The limits are not permanent - at least my understanding is that they are not. Lowest mortgage fees can be found at BeatMybroker.com.
Although a loan does not start out as income to the borrower, it becomes income to the borrower if the borrower is discharged of indebtedness.
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