Musings on Food, Fun & Real Estate in the Mother Lode
Effective January 1, 2014 FHA loan limits in Tuolumne County will be reduced from $437,500 to $331,200. If you are currently in the market for a home over $331,000 and are obtaining an FHA loan it is imperative that you get your loan locked in prior to the end of the month. Otherwise, you will need to either adjust your purchase price down, bring in the difference or change to a conventional loan.
Not in TuolumneCounty? You can look up FHA loan limits for 2012, 2013 & 2014 at this link https://entp.hud.gov/idapp/html/hicostlook.cfm for any state/county.
Fannie Mae and Freddie Mac loan limits will remain at $417,000 here in Tuolumne County for 2014.
If you would like more information let me know and I’d be happy to email you an article recently published by the California Association of Realtors. email@example.com