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  • November 7, 2008 at 11:13 AM #14392
    us858
    Participant

    Effective Jan 1 2009,

    High Cost Loan Limit for SD – $546250

    http://www.fhfa.gov/GetFile.aspx?FileID=134

    Time to see the high cost area sliding.

    November 7, 2008 at 9:49 PM #301251
    waiting for bottom
    Participant

    This realy sucks for me. I want to buy a current 975K house that will fall to 825K in 1-2 years. With 200K down (25%), I still couldn’t get a loan.

    November 7, 2008 at 9:49 PM #301610
    waiting for bottom
    Participant

    This realy sucks for me. I want to buy a current 975K house that will fall to 825K in 1-2 years. With 200K down (25%), I still couldn’t get a loan.

    November 7, 2008 at 9:49 PM #301617
    waiting for bottom
    Participant

    This realy sucks for me. I want to buy a current 975K house that will fall to 825K in 1-2 years. With 200K down (25%), I still couldn’t get a loan.

    November 7, 2008 at 9:49 PM #301635
    waiting for bottom
    Participant

    This realy sucks for me. I want to buy a current 975K house that will fall to 825K in 1-2 years. With 200K down (25%), I still couldn’t get a loan.

    November 7, 2008 at 9:49 PM #301688
    waiting for bottom
    Participant

    This realy sucks for me. I want to buy a current 975K house that will fall to 825K in 1-2 years. With 200K down (25%), I still couldn’t get a loan.

    November 7, 2008 at 11:55 PM #301331
    KIBU
    Participant

    Let’s say there is a rich buyer wanting to jump in with 20% down plus wants to max out the conform loan limit:

    20% down = 136,562
    max conform = 546,250
    total = 682,812

    Gee, that still seems to be a high price.

    Anyway, looks like the lower end homes won’t be affected directly or much by this lower limit.

    November 7, 2008 at 11:55 PM #301690
    KIBU
    Participant

    Let’s say there is a rich buyer wanting to jump in with 20% down plus wants to max out the conform loan limit:

    20% down = 136,562
    max conform = 546,250
    total = 682,812

    Gee, that still seems to be a high price.

    Anyway, looks like the lower end homes won’t be affected directly or much by this lower limit.

    November 7, 2008 at 11:55 PM #301697
    KIBU
    Participant

    Let’s say there is a rich buyer wanting to jump in with 20% down plus wants to max out the conform loan limit:

    20% down = 136,562
    max conform = 546,250
    total = 682,812

    Gee, that still seems to be a high price.

    Anyway, looks like the lower end homes won’t be affected directly or much by this lower limit.

    November 7, 2008 at 11:55 PM #301715
    KIBU
    Participant

    Let’s say there is a rich buyer wanting to jump in with 20% down plus wants to max out the conform loan limit:

    20% down = 136,562
    max conform = 546,250
    total = 682,812

    Gee, that still seems to be a high price.

    Anyway, looks like the lower end homes won’t be affected directly or much by this lower limit.

    November 7, 2008 at 11:55 PM #301768
    KIBU
    Participant

    Let’s say there is a rich buyer wanting to jump in with 20% down plus wants to max out the conform loan limit:

    20% down = 136,562
    max conform = 546,250
    total = 682,812

    Gee, that still seems to be a high price.

    Anyway, looks like the lower end homes won’t be affected directly or much by this lower limit.

    November 8, 2008 at 12:51 PM #301556
    CardiffBaseball
    Participant

    [quote=waiting for bottom]This realy sucks for me. I want to buy a current 975K house that will fall to 825K in 1-2 years. With 200K down (25%), I still couldn’t get a loan.[/quote]

    Offer $740? Not sure why this is bad news. Remember many of these homes haven’t had their Temeculu moment.

    November 8, 2008 at 12:51 PM #301915
    CardiffBaseball
    Participant

    [quote=waiting for bottom]This realy sucks for me. I want to buy a current 975K house that will fall to 825K in 1-2 years. With 200K down (25%), I still couldn’t get a loan.[/quote]

    Offer $740? Not sure why this is bad news. Remember many of these homes haven’t had their Temeculu moment.

    November 8, 2008 at 12:51 PM #301922
    CardiffBaseball
    Participant

    [quote=waiting for bottom]This realy sucks for me. I want to buy a current 975K house that will fall to 825K in 1-2 years. With 200K down (25%), I still couldn’t get a loan.[/quote]

    Offer $740? Not sure why this is bad news. Remember many of these homes haven’t had their Temeculu moment.

    November 8, 2008 at 12:51 PM #301939
    CardiffBaseball
    Participant

    [quote=waiting for bottom]This realy sucks for me. I want to buy a current 975K house that will fall to 825K in 1-2 years. With 200K down (25%), I still couldn’t get a loan.[/quote]

    Offer $740? Not sure why this is bad news. Remember many of these homes haven’t had their Temeculu moment.

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