Thursday, March 6, 2008
New FHA Loan Limits Available for Minneapolis
The new updated loan limits for FHA, Fannie Mae, and Freddie Mac are in today. Hennepin, Scott, Ramsey, Dakota, Washington, Wright, and Anoka counties all find themselves with the highest mortgage limits, due to the proximity of the Twin Cities Metro Area. This is good news for buyers as it keeps up with the increased cost of housing over the last few years. Buyers will still need to qualify for the loans and the full amount is not guaranteed.