If you’re looking to buy or sell a San Antonio area home, please visit Randy and Stephanie Kelley’s website for all the advice and assistance you’ll need, including access to our world class realty search engine. You can find us at sanantoniohomequest.com.
Now, here’s today’s blog article, based on a recent notice from J.P. Watkins, loan officer at SWBC Mortgage Corporation, San Antonio.
J. P. writes that there’s great news for San Antonio area home buyers regarding an increase in FHA loan limits.
The result is that borrowers can once again qualify to buy a higher priced home because the FHA loan limits are higher.
The limits were announced in Mortgagee Letter 2011-39. You can look up the new limits for the San Antonio area and other areas throughout the country by visiting: https://entp.hud.gov/idapp/html/hicostlook.cfm.
The site shows the following limits for home in Bexar County/San Antonio, as of 30 November 2011:
One-Family Home $332,500
Two-Family Home $425,650
Three-Family Home $514,500
Four-Family-Home $639, 400
For more information, please contact JP Watkins Loan Officer, NMLS#220598, at SWBC Mortgage Corporation, 9311 San Pedro, Ste 100, San Antonio, TX 78216 Ph. 210.581.1533 Fx. 210-581-1633 Cell 210.837.3006 Website: www.swbcmortgage.com/watkins
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