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.
AFFORDABLE SQUARE FOOTAGE. Great floor plan 4 bedrms, plus formal living and dining, study, gameroom. Stunning two-story entrance and family rm. Kitchen has corian counters and new stainless appliances. Bonus room down perfect for study, playrm, den, nursery or guest room. Downstairs master is large with bright master bath with sep shower and garden tub. Upstairs has 3 nice sized bedrooms, bath with dual sinks and gameroom. Large yard, great views.
OVERVIEW:
Property Type:
RES-Single Family
Listing Status:
Active
Area Name:
CELINA AREA (60)
Subdivision:
Carter Ranch #1 The
Style:
Traditional
Year Built:
2004
Construction Materials:
Brick, Siding
Foundation:
Slab
Square Feet:
2719
Acres:
0.25
Stories:
2
Roofing:
Composition
Garage Description:
Attached, Front
Garage Spaces:
2
Heating:
Central Air-Elec, Central Heat-Gas
Utilities:
All Weather Road, City Sewer, City Water, Curbs, Sidewalk
Lot Features:
Cul De Sac, Lrg. Backyard Grass, Subdivision
FEATURES:
Exterior Features:
Patio Open
Interior Features:
Window Coverings
Community Features:
Community Pool, Park, Playground, Private Lake/Pond
Association Fee Includes:
Full Use of Facilities, Maintenance of Common Areas, Management Fees
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
Ready for a home that better fits your flavor? With current conditions, now is a great time to find a home that better suits your taste. We’re here for you and those you know.
Well-built and maintained 1.5 story home on nice cul-de-sac lot with tree lined views. 3 bedrms plus study and gamerm. Or gameroom could be 4th bedroom with closet and pre-plumbed behind wall for bath. Private study in back of home also perfect for flex space for playroom or nursery too. Open floor plan w large family room. Backyard has extended open patio space and rear access double gate. In-line water filter for whole home. Come take a look.
