Subject: FHA Higher Loan Limits
Good Thursday to You.
I just wanted to follow up on the news that was in the paper today about the FHA Loan limits. San Diego will now be $697,500 for FHA Loans. While the FHA max loan limits have been announced, we have gotten no information from GNMA with regard to credit pricing nor how the loans will be delivered into the market. We spoke with our rep at Ginnie Mae today and she indicated that an announcement will be out either late today or tomorrow. She did not want to speak to specifics until the announcement is out.
How the loans have to be priced and traded will dictate how / when we can roll this out. I will keep you posted.
Thanks and have a great day!
If you need anyone pre-approved please feel free to give me a call on my cell phone. Talk to you soon………..
Todd Brown
CB Home Loans
858-752-2978
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