GOOD NEWS FOR FHA LOANS IN SANTA CRUZ - FHA LOAN LIMITS HAVE BEEN RAISED
Congress voted this week to raise the FHA loan limits, the Santa Cruz FHA loan limit will be back to $729,750.
This is good news for FHA buyers in Santa Cruz. With an FHA loan you can buy a home or condo with as little at 3.5 % down. FHA interest rates are competitive and they are a little more relaxed about credit scores than conventional lenders.
Santa Cruz FHA loans are a great way to buy a home and with these new Santa Cruz FHA loan limits, home buyers have a much larger range of Santa Cruz homes to choose from.
If you are thinking about buying a home in Santa Cruz with an FHA loan, read my related article, How to buy a home with and FHA loan in Santa Cruz
You can also buy a condo with an FHA loan with 3.5% down. The condo does need to be FHA approved which will limit your choices. Go here to read about FHA approved condos in Santa Cruz
If you are a first time home buyer, check out my article First Time Home Buyer Programs in Santa Cruz.
Contact me for more information about FHA loans and buying a home in Santa Cruz County, I am happy to help!
Authored by Jessica Wallace, Santa Cruz Realtor
Your Santa Cruz Realtor - Jessica Wallace (831) 419-9345
I'm Jessica Wallace - Your Santa Cruz Realtor - You can reach me anytime at (831) 419-9345 or via email at cjess4homes@yahoo.com
I look foward to hearing from you!
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