By Lorraine Decker
Prudential Carolinas Realty
As of March 7th the FHA mortgage limits have increased for our region.
This is the first of many changes taking place in response to the stimulus package. HomeServices Lending/a Wells Fargo Company is one of the first banks to up the limits!
The new amounts are:
CHARLOTTE-GASTONIA-CONCORD, NC (MECKLENBURG NC) $303,750
STATESVILLE-MOORESVILLE, NC (IREDELL NC) $271,050
LINCOLNTON, NC (LINCOLN NC) $271,050
There are many advantages that government loans offer our customers: flexible underwriting, the use of non-occupant co-borrowers, and reverse mortgage opportunities. Plus, all FHA loans are fully assumable.
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