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Effective January 1st through December 31st 2015, the maximum FHA home mortgage limits increased to $310,500 (from $287,500 in 2014). This new and higher loan limits affect Frisco Texas, spanning both Collin and Denton counties. It also expands to Tarrant and Dallas county limits.
Homebuyers can now purchase homes in Frisco TX up to $321,750.
So how does this affect Frisco Texas home sellers?
A higher income limit means more Frisco TX homes now qualify for FHA home mortgage limits. Previously, homes in Frisco Texas up to $297,500 are allowed with a minimum 3.5% down payment.
The 3.5% down payment remains the same.
Case number for this new loan limit start on January 1st 2015.
For more information to get in touch with an experienced mortgage lender, please contact us 3:16 team REALY at (214) 783-2210 eagerly excited to serve your home buyer and home selling needs in and around Frisco Texas!
