Is the government talking about raising the limit for FHA home loans for this year?

Posted on Aug 13, 2012 in FHA Information

fha home loans
by BuzzFarmers

Question by : Is the government talking about raising the limit for FHA home loans for this year?
is it possible with a FHA loan to put 3% down and ask the seller for closing cost?

Best answer:

Answer by Lisa L
FHA limits were raised just a couple of weeks ago.

Yes, purchase online you can ask the seller to pay closing costs & prepaid costs. You have to have 3% invested whick would be your down payment.

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