HR 5140
Hi Everyone, I just got this from a Lender and this is HUGE!!! This should help Buyers get great pricing and help some Sellers sell.Of course there are several conditional words: -temporary increase-as much as $729,750-senate and president must pass Let’s see what happens.
“Yesterday, the US House of Representatives overwhelmingly passed HR 5140 – an economic stimulus package that includes a temporary increase in the conforming loan limit and the upper threshold for FHA loan programs to as much as $729,750 in high-cost areas. Now the Senate must pass it and the President must sign it. It is suppose to happen by Feb. 15th. This will allow people with Jumbo loans to get conforming pricing!”
February 04 2008 06:04 pm | Lending Info