Great news for Fort Meade military home buyers using VA loans!
Posted Aug 26, 2008 @ 11:12 am, Viewed by 293 Visitors, Read 320 Times.Temporary VA Home Loan Limit Increase
This is the best news for military home buyers near Fort Meade that we've had for a long time. And a much need shot in the arm for a sluggish real estate market with loads of inventory.
Previous to today if you were a home buyer eligible for a VA loan your no down payment loan option capped out at $417,000. If you purchased a home over $417,000 you had to make a down payment on the portion of the loan that was over $417,000.
As of today VA has upped the limit for no downpyament loans to match current FHA limits as shown below.
Anne Arundel County $560,000
Prince Georges' County $729,750
Howard County $560,000
Baltimore $560,000
You can view the new no down payment loan limits for all states and counties at this link: https://entp.hud.gov/idapp/html/hicostlook.cfm
This is fabulous news at a time when all other down payment assistance programs have been taken away. And even better news for home buyers and home sellers in Maryland communities near Fort Meade.
The catch is that this increase (at this time) is only good through 12/31/08 so there is a limited window of opportunity. This increase does not include refinancing of loans.
The Fort Meade real estate market just got a lot more interesting for both buyers and sellers!
Rate this Post!
Share this Post
Print
Social BookmarkingThis Post Has No Comments.
REW Blogs User Stats
Currently Online Users:
0
Total Users:
1,874
Entries:
5,692
Unique Views:
3,217,426
Total Views:
3,354,983
Total Comments:
6,163
Our military family team of full-time real estate agents has been serving the Fort Meade Maryland area for over 8 years. We've helped hundreds of families buy and sell real estate near Fort Meade. Our web site was designed by a military wife to answer all the questions you may have when relocating to the Fort Meade area including what cities and counties are close to Fort Meade, reports for public and private schools, on-base resources, community information and photos, foreclosure sale information, property values as well as complete access to all MLS listings of homes for sale and homes for rent near Fort Meade. If you are planning to buy or sell your Fort Meade area property you can trust our team to provide you with the very best results guaranteed. The Fort Meade Homes Team is your best resource for real estate information. Call or visit us on-line today! Read More
View My Listings
Contact Me
RSS Feed- This User's Stats
-
Blog Entries: 17Average Blog Rating: 1Unique Views: 8,706Total Views: 9,264Comments Posted: 0Comments Received: 2
Top Rated
REW Blogs RSS Feed