Georgia FHA Jumbo Home Purchase Mortgage Loan

FHA Jumbo: After years of low loan limits, HUD finally increased the FHA loan limits. In high cost areas, FHA mortgage limitations have been raised to jumbo status. FHA Jumbo loan limits have been raised to $729,500 in certain areas. With foreclosures and loan defaults spinning out of control, HUD’s goal was to reach out to more homeowners with added value mortgages that encouraged fair lending for all credit types. Perhaps you didn't qualify for a FHA mortgage last year, that doesn't mean that you won't qualify for a FHA jumbo mortgage after the loan limits were increased. More discussions continue about expanding the role of FHA so that they could help more homeowners recover from property value reduction and high rate ARM’s. When you are ready to refinance, Eva Sleeper will assist you. Prepare to benefit from a home loan custom-fitted to your needs! Call 678-772-8221 Georgia Home Mortgage Loan, Atlanta Home Mortgage Loan, Georgia Home Refinance Loan

Mortgage Tax Credit First-Time Home Buyer Tax Credit at a Glance The tax credit is available for first-time home buyers only. The maximum credit amount is $7,500 The tax credit works like an interest-free loan and must be repaid over a 15-year period. The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

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