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Bob Fortner
Keller Williams Realty
919.602.7000


FHA Loan Limits Increase For The Triangle Home Buyers

Great news for home buyers in the greater Raleigh area… FHA loan limits have been increased significantly!

Here are the new FHA loan limits by county:

This is a significant increase and long overdue. The old limit for Wake County was $224,200. Kind of low considering the average home price was $261,000 for the period since Jan 1, 2008.

I do have to say that the amounts seem without much rhyme or reason. The average home price in Durham County is $196,000, while Chatham County is $317,000. Why are these two grouped together at $331,250 by FHA?

Consistency and logic notwithstanding, the increases in FHA loan limits for the Triangle area is a very good thing. Here are just a few of the benefits of an FHA loan.

If you need the name of a good lender who can provide FHA financing, call me. I know some of the best in the business.

Search for Triangle area homes for sale

  1. Breaking News - 100 Percent Home Mortgages May Be a Thing of The Past

    [...] on the street is that FHA will soon unveil a 100% financing program. The caveat here is the FHA loan limits. Even though they were increased to $259,000 for Wake County, many home buyers have needs above [...]

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