FHA Increased Limits for Charlotte
Charlotte FHA Loan Limits are $303,750
Great news for Charlotte home buyers!
FHA loan limits are increased in Charlotte to $303,750. That is an increase of over $70,000!
This was just posted to HUD’s website. While the limits have been increased, please bear in mind that lender’s may be a little slower in implementation. Technology and system limitations will need to be addressed, as well as how they will manage and package loans on the secondary market. This may take some time, but with HUD opening this door I do not expect lenders to drag their feet either.
As this market continues to fluctuate, be sure you are working with a lender that can stay on top of the changes.
Please celebrate responsibly! LOL
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Get Multiple Mortgage Loan Offers Now! Mortgage loans for all of the Carolinas, including Charlotte, Raleigh, Matthews, Concord and more! All mortgage applications and requests are submitted through LendingUniverse.com, an affiliate partner that can provide you with multiple loan quotes and offers from lenders.