Jan 1st Downpayment Requirement Increases to 3.5% on an FHA Loan

Jan 1st Downpayment Requirement Increases to 3.5% on an FHA Loan

Jan 1st Downpayment Requirement Increases to 3.5% on an FHA Loan
LAST MONTH TO TAKE ADVANTAGE OF 3% DOWNPAYMENT!   This is the LAST Month for families to purchase and close a home with only a 3% downpayment requirement!!!  (Jan 1st downpayment requirement increases to 3.5% on an FHA loan)  If Las Vegas home buyers are motivated to get into a home before the holidays, now is the time!  Also see below for details on the new FHA loan limits for 2009.  

Las Vegas home buyers looking for something specific? Simply reply to this email or call us at 702-807-5528. 

Here's an example of our Best Deals.

In Henderson
Summit Ridge - Summit Plan
2,458 sq ft, 4 bedroom, 2.5 bath, 2 bay garage
WAS - $290,990
NOW - $274,990

Mockingbird - Calistoga Plan
1,900 sq ft, 3 bedroom, Loft, 2.5 bath, 2 bay garage
WAS - $250,490
NOW - $232,490

In the North
Canyon Springs - Laguna Plan (single story)
2,201 sq ft, 4 bedroom, 2 bath, 3 bay garage
WAS - $288,990
NOW - $253,990  

Sage Creek - San Rafael Plan
2,152 sq ft, 4 bedroom, LOFT, 2.5 bath, 2 bay garage
WAS - $250,780
NOW - $210,990

In the Northwest
Antelope - Impala Plan
1,775 sq ft, 3 bedroom, Loft, 2.5 bath, 2 bay garage
WAS - $232,990
NOW - $207,990

Stoneridge - Dakota Plan
1,860 sq ft, 4 bedroom, 2.75 bath, 2 bay garage
WAS - $291,990
NOW - $241,990

In the Southwest
Escalante - Mesa (MODEL HOME)
1,660 sq ft, 3 bed, 2.5 bath, 2 bay garage
NOW - $258,396



The Federal Housing Administration (FHA) has announced new maximum loan limits for Clark County.  These new limits will go into effect on homes closing on or after January 1st!  The current loan limits are at $400K while the new limits will be capped at $287,500.  If you have clients considering purchasing a home that may exceed that loan amount now is the last chance to purchase.   Another thing to keep in mind is that the new FHA rules show that starting January 1st - FHA down payments will also increase from a minimum of 3% down to 3.5%.  

All homes that close escrow prior to Dec 31, 2008 will also be able to take advantage of:
** Special financing starting at 3.75% Fixed for the 1st year!** 

Related Post: Southwest Las Vegas New Home Builder near Mountain's Edge!

Related Post: U.S. TREASURY'S SEIZED REAL ESTATE AUCTIONS

WE HAVE 10 HOMES READY FOR IMMEDIATE MOVE IN PRICED AT OR UNDER $200K!!  Please email bobratliffvegas@gmail.com or call us at702-807-5528, if you have any questions or need additional information.

If you are interested in relocating to Las Vegas or would like information on Las Vegas real estate, please email me, Bob Ratliff with RE/MAX CENTRAL LAS VEGAS, at rratliff@remax.net, or call me at 702-807-5528. I look forward to hearing from you!