Friday, February 20, 2009

FHA Loan Guidelines

2009 Limits;
Ogle / Carroll $271,050
Stephenson / Lee $271,050
Green / Rock $271,050
Boone / Winnebago $339,250
McHenry / Cook $365,700

LOW Downpayment still available;
Minimum Downpayment 3.5%

Seller Closing Costs;
Buyers are still allowed to receive up to 6% towards Closing Costs

Downpayment Funds;
Can still consist of - Buyers Own Funds, Gift Funds from Family or Close
Friend and 401K loan or withdrawl

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