There’s no question that it will hurt to lose the $729,750 that we’ve enjoyed from the Economic Stimulus Package. But look at the whole picture and the new ceiling is fantastic news. Without this legislation, maximum FHA’s ceiling would revert to $362,790 at the end of the year! $625,200 doesn’t sound so bad any more, does it?
(H.R.3221.ENR Sec.2112.MAXIMUM PRINCIPAL LOAN OBLIGATION)
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