HUD to Reduce Maximum Loan Amounts

Effective October 1, 2011 the maximum loan amounts for an FHA loan will be reduced to. Loan amounts will be based on the county. for Maricopa County, the maximum will be reduced from #346,250 to $271,050. Most of the counties in California will be affected as well. Any loans that have been originated under the current guidelines will need to be funded by mid September.

http://www.tyffanisfinehomes.com

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