Back in September we let you know that the loan limits had been reduced in over 40 states. Effective immediately, these limits have returned to the previous levels.
For San Antonio, this means that the limit of an FHA home mortgage is once again:
The reinstated FHA loan limit should help to keep mortgages affordable and accessible. FHA morgtgages require one of the the lowest downpayment of any traditional mortgage currently on the market (3.5%) and their presence in the market is critical as we work towards a housing market recovery.
If you have questions about FHA loans, contact a professional REALTOR® or mortgage broker for specifics.
image courtesy of krissen