I just received some information about FHA loans. This will have an effect on some of my clients. Overall this is still a great program with 3% required downpayment. 3% down in combination with low interest rates (3.75% last week) makes this is a great product.
Here is the breakdown for the North Atlanta Metro area effective September 1st
FHA has lowered the maximum loan amount from $346,250 to $320,850 in Metro Atlanta counties (includes Forsyth and Dawson)
HallCounty remains at $271,050 max loan amount
The Wells Team has a list of lenders that we have worked with in the past. If you would like a name please let us know.
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