The Federal Housing Administration announced it is increasing loan limits in 2017. These loan limits are effective for case numbers assigned on or after Jan. 1, 2017. The FHA set the loan limits on a yearly basis and they are based on a percentage calculation of the nation conforming loan limit. The loan limits increased in 2,948 counties due the rise in housing prices (List of counties).
Here is how the new 2017 FHA loan limits look in North Texas
County
2016
2017
Increase
Collin
$334,650
$362,250
$27,600
Denton
$334,650
$362,250
$27,600
Dallas
$334,650
$362,250
$27,600
Grayson
$271,050
$275,665
$4,615
Rockwall
$334,650
$362,250
$27,600
Tarrant
$334,650
$362,250
$27,600
The FHA also increased the amount for FHA-Insured Home Equity Conversion Mortgages (Reverse Mortgages). HECMs will increase to $636,150 in 2017.
There were no decreases for 2017 and 286 counties remained unchanged.
If you are thinking about buying and want to take advantage of the increased limits in 2017 there is no better time than now to start looking. Feel free to give us a call us at 214-620-0411 or Contact Us if you have any questions. We would love to answer them and help you find your dream home in 2017.
As real estate professionals, we have the knowledge and skills to answer your questions during this changing market. We’re here for those you know who might be facing challenges or want to move up.
MOVE-IN READY with spacious floor plan and good sized backyard. Blank canvas ready for your personal decorating touch. 4 bedrms, 2 dining areas, study or formal living and gamerm. Kitchen is open to living, dining w beautiful cherry colored cabinets. HUGE master suite with sitting area and spacious bath with dual sinks, separate shower and garden tub. Upgraded lighting and architectural features. Highly desired Prosper ISD Elem in neighborhood.
OVERVIEW:
Property Type:
RES-Single Family
Listing Status:
Active
Area Name:
MCKINNEY AREA (53)
Subdivision:
Heatherwood #1
Style:
Traditional
Year Built:
2007
Construction Materials:
Brick, Siding
Foundation:
Slab
Square Feet:
3014
Acres:
0.14
Stories:
2
Roofing:
Composition
Garage Description:
Attached, Front, Garage Door Opener, Opener
Garage Spaces:
2
Heating:
Central Air-Elec, Central Heat-Gas, Zoned
Utilities:
City Sewer, City Water, Curbs, Sidewalk
Lot Dimension:
50 X 125
Lot Features:
Landscaped, Some Trees, Subdivision
FEATURES:
Exterior Features:
Patio Open, Sprinkler System
Interior Features:
Window Coverings
Community Features:
Community Pool, Greenbelt, Jogging Path/Bike Path, Park, Playground
Association Fee Includes:
Full Use of Facilities, Maintenance of Common Areas, Management Fees
COMING SOON! Country Living just minutes from the city in this 3 Bedroom, 2 Bath home on 2.3 acres. Flexible floor plan with family room, formal living/dining and study area currently used as 4th bedroom. Oversized two car garage and large storage building provide parking and storage space needed. Build in 1991, but with many recent updates including aerobic septic, HVAC, water heater and tile flooring. Outside enjoy the fresh air and sunshine. Back of property is a tree-lined creek and wide open acreage spaces or relax in the swimming pool. In the Woodland Meadows subdivision that offers access to fishing pond, pavilion and park with great commute access. Anna is growing and this home is just minutes from Brookshires, fast food, restaurants. Contact us today to be the first to see this fabulous home when it hits the market.
CUSTOM HOME ON PEACEFUL 3.28 ACRES SETTING. Wonderful floor plan with two living areas or family and study. So many unique features including windows, doors, dual sided fireplace, french pocket doors make this home truly custom. An outdoor setting with wide open space, pool, extreme playhouse, firepit, volleyball or an evening relaxing on the patio enjoying the views.
CUSTOM HOME ON PEACEFUL 3.28 ACRES SETTING. Wonderful floor plan with two living areas or family and study. So many unique features including windows, doors, dual sided fireplace, french pocket doors make this home truly custom. An outdoor setting with wide open space, pool, extreme playhouse, firepit, volleyball or an evening relaxing on the patio enjoying the views.