FHA loans are in the news

As you know, FHA loan limits recently increased. Since then, FHA loans have really stepped up to the plate.

| Did you know that in the last few weeks, many lenders have said FHA has taken over as one of the biggest percentage of loans they now write, where it used to be one of the smallest? Yes, nearly 80% of one lender's loans are now FHA (up from about 2% a year ago).....which is good news for homebuyers and sellers as it means there are solid loan options that suit our Local real estate needs.

| Did you also know that the current loan limit increases are Temporary and set to expire at the end of the year? If you qualify for an FHA loan, it's time to ACT -- before these higher limit loans are no longer available. And, if you're a seller, be sure your home falls into an FHA loan limit in order to expand your pool of potential buyers.