FHA Highlights


Mortgage maximums as of Friday March 07, 2008
MSA Name MSA Code Division County Name County
Code
State One-Family Two-Family Three-Family Four-Family Last Revised
SAN DIEGO-CARLSBAD-SAN MARCOS, CA (MSA) 41740   SAN DIEGO 073 CA $697,500 $892,950 $1,079,350 $1,341,350 03/05/2008


The current basic standard mortgage limits for FHA insured loans are:
      One-family   Two-family   Three-family   Four-family  
  FHA Forward   $271,050.00   $347,000.00   $419,400.00   $521,250.00  
  HECM   $200,160.00      
  Fannie/Freddie   $417,000.00   $533,850.00   $645,300.00   $801,950.00  

High cost area limits are subject to a ceiling based on a percent of the Freddie Mac Loan limits
The ceilings are currently:
      One-family   Two-family   Three-family   Four-family  
  FHA Forward   $729,750.00   $934,200.00   $1,129,250.00   $1,403,400.00  
  HECM   $362,790.00      
  Fannie/Freddie   $729,750.00   $934,200.00   $1,129,250.00   $1,403,400.00  

Section 214 of the National Housing Act provides that mortgage limits for Alaska, Guam, Hawaii, and the Virgin Islands may be adjusted up to 150 percent of the new ceilings. This results in new ceilings for these areas of:
      One-family   Two-family   Three-family   Four-family  
  FHA Forward   $1,094,625.00   $1,401,300.00   $1,693,875.00   $2,105,100.00  
  HECM   $544,185.00      
  Fannie/Freddie   $1,094,625.00   $1,401,300.00   $1,693,875.00   $2,105,100.00  

ONLY 3% DOWN PAYMENT REQUIRED

SELLER CAN PAY YOUR CLOSING COSTS

COMPETITIVE INTEREST RATES

PAST - POOR CREDIT IS OK

HIGHER DEBT TO INCOME RATIOS THAN MOST OTHER LOANS

WE DO ALL OF THE FHA REQUIRED PAPERWORK FOR YOU.