HUD and FHA New Loan Limit !!

HUD and FHA has increased the FHA loan limit for
Californian in high-cost areas to $155,250 effective
January 1, 1996 - an $3000.00 increase from 1995
limits.

About 4,400 California home buyers is expected to be
eligible for the new FHA loan nder the new higher loan
limit.  

About 17% of all newly originated mortgages in CA
were FHA-insured.

FHA make homeownership possible for thousands
of CA families every year, by providing homebuyers
with the benefits of low downpayments, favorable
qualifying ratios and advantageous underwriting
criteria.

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