Just received breaking news from Mortgage Banker Susan Reber at Mission Hills!
High balance through September 2011. This is wonderful news as it will allow refinances of loans in San Francisco County up to $729k to be federally backed through that date. It also allows buyers to use FHA loans with as little as 3.5% down up to that amount – even for refinances.
To see the press release from the Federal Housing Finance Agency, please click here.
Susan is an expert on all loans government backed (and lots else besides). If you want to reach Susan, click here.