FHA Loan Limits For Fresno Changing October 2011!

  Starting October 1st, the curent loan limits for FHA will be dropping.They are dropping by a significant amount, however it will likely have little affect on our market locally. Here are the new FHA loan limits:

                                       Now                                                     10/1/11

• Fresno               $381,250                                                 $281,750
• Madera             $425,000                                                  $271,050
• Tulare               $325,000                                                  $271,050
• Kings                $325,000                                                  271,050

If you are wanting to purchase a home above $280,000 with FHA financing, you better start looking to buy now. Remember, FHA financing has only a 3.5% down payment required to purchase.