New High Cost Loan Limit for SD – $546250

[us858]

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.

[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.

[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.

[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.

[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.

[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.

[KIBU]

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.

[KIBU]

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.

[KIBU]

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.

[KIBU]

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.

[KIBU]

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.

[CardiffBaseball]

[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.

[CardiffBaseball]

[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.

[CardiffBaseball]

[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.

[CardiffBaseball]

[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.

[Author]

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