Effective January 1, 2014, FHA loan limits were increased in the Austin area. The new limit will be $305,900,
which is an
increase from $288,750. This means that FHA borrowers have greater potential buying power using
increase from $288,750. This means that FHA borrowers have greater potential buying power using a low-down payment FHA loan. FHA loans can be great options for First Time Home Buyers in the Austin and
Central Texas area.
The Austin area home buyers market is active, so if you are thinking of buying a home, contact us to be pre-qualified before you start looking. Sellers will expenct a pre-qual letter with any offers submitted and it's a good idea to have up front anyway so you don't look at homes that aren't in your budget. Contact us for a list of preferred lenders to work with.
We also have special programs available in Central Texas for Teachers & Educators, Medical Professionals,
First Responders and Military (Active or Retired) including special loan programs and cash back bonuses after
closing. Find out if you Qualify today!
You can sign up to search homes, condos and townhomes for sale in either the Austin or the Highland Lakes
areas FREE.
We look forward to helping you with all of your real estate needs! 2014 may be a great year to become a
homeonwer if you aren't one already or to move up to another neighborhood or larger home. It's also a great time
to right-size to a home that may meet your needs and budget better at this time in your life.
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