Home buyers looking to purchase via FHA financing in Atlanta need to act fast if they plan on taking advantage of the increase FHA loan limits set in the Housing & Stimulus Bill passed in 2008. That bill has set our single family limits at $346,250, but that number will be lowered to $320,850 starting in 2009. In addition to the decrease FHA will require a 3.5% down payment instead of the 3.0% that they are currently requiring. Here is a breakdown of Georgia’s 2008 & 2009 FHA Loan Limits :
Single-Family = $346,250
Two-Family = $443,250
Three-Family = $535,800
Four-Family = $665,850
Single-Family = $320,850
Two-Family = $410,750
Three-Family = $496,500
Four-Family = $617,000
The limits in the rest of Georgia outside the metro area will remain the same in 2009 as they were in 2008.
Single-Family = $271,050
Two-Family = $347,000
Three-Family = $419,425
Four-Family = $521,250
If you want to take advantage of the lower down payment and higher loan limits you need to get started NOW by visiting my Atlanta FHA Purchase Assistant to complete our quick and easy FHA Scenario Adviser. Nobody in Atlanta knows FHA better than we do. The changes also apply to FHA 203K renovation loans as well. If you are looking for more info on the absolute best loan product on the market then check out the best FHA 203K resource on the web by my FHA 203K Renovation Advisor. Whether you choose a traditional FHA purchase loan or are looking renovate with FHA 203K; our team of Realtors, Contractors, Architects and Appraisers can ensure that you have not only a pleasant, but also a highly profitable home buying experience.
404-551-3845
*This is not an offer to lend. 
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