atuta_99, Home Buyer in Grand Blanc, MI

what is the maximum loan amount for the urban development loan?

Asked by atuta_99, Grand Blanc, MI Thu Apr 18, 2013

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This question was asked from this property: http://www.trulia.com/property/1080720483-Lot-1-Preserve-Dr-…

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4
A. Edwards, Mortgage Broker Or Lender, Clarkston, MI
Fri Apr 19, 2013
$297,500 for Oakland County
0 votes
Verna Stanke…, , Fenton, MI
Fri Apr 19, 2013
This is the link for Rural Development
0 votes
Verna Stanke…, , Fenton, MI
Fri Apr 19, 2013
FHA is $271, 050. Genesee
FHA is $297, 500 Livingston
Rural Development has no set MAX but have other guidelines that must be met such as income which will dictate a loan max. I Agree with Mr Melchor the best information would come from a Experienced Mortgage Officer.
I've included a link to the FHA reference table.
FHA answers can be found at HUD.GOV
& Rural Development at USDA.GOV
P.S. I included Livingston because Lot 1 you inquired about may have a Fenton mailing but is located in Livingston County
Verna@kw
0 votes
Steven Melch…, Agent, Fenton, MI
Fri Apr 19, 2013
If you are talking about a Rural Development then I believe the amount is up to $271,000. The best place to ask would be your loan officer since they know the in's and out's of mortgages.

Any other questions please let me know.

Steven Melchor
810-513.1561
0 votes
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