Tooele Real Estate Looks Real Good With FHA Financing
Real Estate is looking real good right now in Tooele. Homes for sale using FHA financing are on the rise. Yep... FHA is back and it has a totally new look. FHA financing is more flexible, more affordable and more user friendly than in the past,. Look into it.
Corie in our SLC office outlined some of the new benefits of the new FHA loan programs, in her recap of David Mansells article in the Salt Lake Tribune. Take a read at from the Pres.
If your thinking of buying a new home, or selling your old one, chances are you will find something that will help your cause.
As the article points out, FHA isn't through revamping the product. Changes that affect the way families buy homes have already given solace to those trying to re structure their home mortgage. Temporary adjustments that were considered a short term fix to combat Interest rate resets, look like they will be renewed to last past the current end of year timetable.
Just imagine, the loan limit on homes in Tooele County is $729,750.00 the same as the limit on homes in Park City.
Raising the loan limits on a par with some of the Salt Lake Valleys better areas is not only an ego blaster for those of us that love the Tooele lifestyle but a blessing to home owners trying to sell, and home buyers looking to buy acreage, horse property and Ranchettes in the Grantsville, and Erda areas.
Lake Front and Golf Course property around Stansbury Park wont require a jumbo loan with its higher interest rates anymore.
These new limits will allow the purchase of acreage to go with the New home construction in any part of the Tooele Valley.
To see how your Real Estate purchasing decisions may be effected, by the new FHA guidelines, give us a call at 435-840-5029.
For any other Real Estate related question ,please visit our website @ Tooele Real Estate.
Whether your looking to buy a home, sell your existing house, thinking of investing in Real Estate, or considering relocation to Utah, the future of Tooele Real Estate looks real good with FHA financing.