HUD, FHA, GSE, ETC.

Posted on March 6, 2008
Filed Under FHA, Mortgage, Portland, Buying Real Estate, Real Estate |

Housing and Urban Development just released its national list, by county, of new limits for conforming loans and qualified FHA loans.

Interesting: the median price for the Portland Metro area was figured @ $335k, so limits for both FHA loans and conforming loans went to $418,750.  That’s insignificant for conforming loans - they’ve been $417k - but up considerably for FHA, which has been @ $304,950.

FHA has much different and in many ways less stringent qualifying standards - 3% down, doesn’t rely on FICO scores - than conventional loans;  it used to be the standard for first time buyers.  Consult your mortgage professional!

Note other counties in Oregon differ.  Full national list here.

Comments

• Recently Written

  • June Median Price for Pending Sales Ties All-Time High!
  • Dr. Kempe, I Presume
  • May Numbers; On Being Accustomed to Food
  • A (Real Estate) Tale of Two Cities and Four Zip Codes
  • While we worry about declining real estate prices, there are villages in Africa worried about their next meal.
  • April numbers: There’s somethin’ happenin’ here, what it is ain’t exactly clear…
  • Decorum
  • For those steeped in the real estate doldrums
  • Housing demand; market inertia, addendum
  • For the Benefit of Mr. Git, Pt 2; the demand side of housing, inertia

• Categories

  • blogging
  • bloodhoundblog
  • bubbles
  • Builders
  • Buying Real Estate
  • Christmas
  • Diversion
  • Excellence
  • FHA
  • General
  • Green
  • Happy Valley
  • Lake Oswego
  • Marketing
  • Mortgage
  • Portland
  • Real Estate
  • Relationships
  • Selling Real Estate
  • Statistics
  • Technology

• Archives

  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007

• Blogroll

  • Archives: Blogging Real Estate
  • BawldGuy Talking
  • BloodhoundBlog
  • Front Porch (Oregonian RE Blog)
  • Future of Real Estate Marketing
  • Mortgage Rates Report
  • Rain City Guide
  • RE Revealed
  • re: PDX (Ron Ares)
  • San Diego Home Blog
  • Sellsius

• JEFF KEMPE

  A broker with RE/MAX equity group in Lake Oswego, Oregon, I write because I love the Pacific Northwest, the business of real estate and, usually, people.

• Please note that the opinions expressed here are mine and mine alone. Please note, too, that I greatly appreciate the opinions of others; please feel free to join in the discussion. That's how we all learn.

• And isn't that what blogs are all about?

  Welcome!

• Contact

• Meta

  • Register
  • Login
  • Entries RSS
  • Comments RSS
  • WordPress.org
•