FHA loans

Why the Change? The Housing and Recovery Act (HERA) requires that the baseline conforming loan limit be readjusted each year based on average home prices. This loan limit is the maximum loan amount that the government (HUD) will accept the following year. This is based on the...

Some fixer-uppers need more work than others. In order to restore such properties, many buyers will need to secure a loan for their remodeling purposes. All of this work can be very costly, even for a restoration back to average condition. This is where an FHA 203k loan could...