Ok, so a while back you read my post about the lowering of loan limits in Colorado for FHA mortgages. Well that has been reversed, so those loan limits are back up to where they were….. What does that means, on average about $30,000 more financing available for FHA users.
My opinion is , that it shows the Government is committed to FHA and keeping homeownership affordable. Why? Because they didn’t add Fannie Mae or Freddie Mac to the increased loan limits. I think they are preparing for stepping away from backing these two giants in the future. So long as they back FHA and VA we will be fine.
To apply for an FHA or VA mortgage click here