Thursday, December 20, 2007

Senate Passes FHA legislation

The Senate has passed Legislation that could help hundreds of thousands of American Homeowners get into a secure FHA Fixed Rate Loan. These are affordable, safe loans designed to help American Homeowners Purchase and also Refinance their Homes. The American Dream of Home Ownership is the main mission of the FHA, or Federal Housing Administration.

The loan limits in the bill would be increased to $417,000. This would open the door for many who are unable to get financing in our current tight credit economy, and those living in high cost states such as California, Washington, Florida, etc.

If you would like to review your options, and see if an FHA loan is right for you, Give us a call at 866-900-2342, toll free.
Thanks,
Brian Skaar
VanDyk Mortgage