Beginning March 7th there is new buying power in Dayton Ohio Real Estate. The Department of Housing and Urban Development, HUD, has authorized the raising of loan limits to $271,050 to $729,750 in high cost areas. Dayton Ohio Mortgage Brokers should all be able to offer these new limits to potential buyers.
Robert C Weaver Federal Building that houses HUD in DC
Dayton Ohio Mortgage Brokers See Increased Dayton FHA Mortgage Limits
The new loan limits will effect all counties surrounding Dayton Ohio. Dayton Ohio Mortgage Brokers are now able to offer the following new Dayton FHA Mortgage limits for these areas:
These counties will include these neighborhoods: Centerville, Springboro, Washington Township, Dayton, Kettering, Oakwood, Bellbrook, Sugarcreek, Beavercreek, Fairborn, Franklin, Middletown, Waynesville, Xenia and several more. For a complete list of Counties in Ohio visit Hud’s website.
For more information on several of these communities you can visit: Dayton Ohio Communities.
What does this mean for Dayton Ohio Real Estate?
This temporary increase in the Dayton FHA Mortgage limits should enable Dayton Ohio Mortgage Brokers to offer more stable loans to borrowers. It will help to provide economic stability to Dayton Ohio residents and also hope to bring some much needed relief to the Dayton Ohio Real Estate Market. This should inject much needed liquidity into the Dayton Ohio Real Estate market.
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