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FHA Mortgage Loan Limits have been lowered for the 2014 year, starting in January the FHA loan limit in Riverside Country will be lowered to $500,000 for a single- family residence. If you are currently in escrow on a home with an FHA loan exceeding this amount, contact your Realtor and Lender to see how this could possibly effect your transaction. If you are looking to purchase a home in the year of 2014 and are thinking of using a FHA loan, message us for further details to see how this could possible effect you! We are always looking out for you and your best interest in the Real Estate world. Have questions or comments? We would love to hear from you on what you think about this news and how it can change things in the Real Estate industry.
Have a prosperous work week!