Good news for Summit County, Breckenridge, Keystone, and Copper Mountain Home Buyers! FHA loan limits have been restored to the previous high limits! If you live in Summit County for your Primary Residence, you may qualify!
Victory! FHA Loan Limits Extended for Two Years
In case you have heard the great news, shortly before Congress recessed for the year, they managed to restore FHA loan limits in high cost areas to the original level of $729,750 for an additional two years. This is an important victory for the mountain resort areas where high cost loans are an important part of the market. According to NAR, higher loan limits will make mortgages more accessible with nearly two-thirds of buyers who will be helped by the loan limits extension have an income below $100,000.
Will this work for your Colorado Mountain Retreat? Call, Text or Email 970 368 2709
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