The FHA, Fannie Mae and Freddie Mac all released their new loan limits for 2017 this week. FHA, which insures mortgage loans with down payments of just 3.5%, increased the maximum loan they will insure from $299,000 to 308,200. That will definitely help a good number of central Indiana buyers and sellers. Fannie and Freddie increased their max loan limit from $417,000 to $424,100. There will be a few local buyers that will find that of benefit. (Those numbers are quite a stretch from back when I bought my first house and the max loan was just $33,000!)
I spent 17 years doing mortgages, helping 3000+ home owners to buy or refinance their home mortgages. And I still have a lot of really great contacts. If I can put you in touch with someone who can help you improve your financial future, just say the word!
“I work harder to make good things happen!