Hampton Roads Maximum FHA Loan Amounts

Dated: 10/01/2011

Views: 896

With all the new hoopla over FHA decreasing loan limits  Oct 1st, the new amounts are as follows for Hampton Roads cities:

Chesapeake, Virginia Beach, Norfolk, Newport News, Suffolk, Portsmouth, Hampton, and Williamsburg

Maximum FHA loan amounts for  the area:                                 

One family home up to $458,850

Two family home up to $587,400

Three Family home up to $710,050

Four Family Home $882,400

It makes since home prices declined so the loan price declined.  FHA loans require a minimum 3.5% down.   Virginia Housing Development Administration VHDA has a program that may allow buyers to finance the down payment creating a 100% loan program.  Buyers must meet certain income and debt guidelines.  For more info on either program contact me!

THE HAMPTON ROADS REAL ESTATE LADY

DEE DEE JONES 757-831-8294  

[email protected]  

DJonesRealEstate.com

Blog author image

Alycia Jordan

Having lived in other cities, such as Cleveland and Idaho Falls, I only appreciate Hampton Roads that much more. Why? Because from almost anywhere in our area, a beach is only about a 20 minute dri....

Want to Advertise on this Site?

Latest Blog Posts

US Mortgage Rates Of Less Than 4 Offer A Happy New Year

What makes Christmas and New Year’s better than friends, family, and savings? How about owning a home? The holiday season is a cheerful time spent with family, but for those of us with families

Read More

How To Avoid Shock At Closing When Buying A Home

First time homebuyers often think the sale price of a listed home is the only cost associated with the purchase. However, many additional fees are associating with the real estate purchasing

Read More

What Is A Good Faith Estimate

Real Estate Terms: What is a Good Faith Estimate?The good faith estimate (GFE) is an important document for potential homebuyers. It can be acquired for free, but it’s likely you will incur a

Read More

10 Tax Tips For Homeowners

When it comes to tax kickbacks for homeowners, first-time buyers have it made. Not only can they nail whatever they want to the wall for the first time ever, but they also have some of the most

Read More