Is the FHA loan limits going to change in Mount Julitet with the new stimulus package?
Trying to refi my mortgage and get away from a predatory subprime adj rate loan.
Answers (2)
BEST ANSWER
The full details aren't out yet. We should know shortly....
Web Reference: http://getprequalified.com
FIRST ANSWER
The new FHA loan stimulus is only going to affect "high cost areas." Right now the FHA loan limit for Wilson County (single family residence) is $226,100.00. You may be able to refinance into a fixed rate mortgage and get out of that adjustable rate. Right now rates are VERY low. I would suggest talking to a local mortgage broker OR just give me a call (901) 412-9590 and we can go over what options you may have.
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