Mortgage Changes for 2014
It's no surprise that home prices in the Northern VA are extraordinarily high. Unless you had a significant amount of cash savings, in order to buy in a home in many high-cost communities, you needed to take out a large loan to cover the purchase price. Earlier in the month HUD announced that as of December 31st, 2013 the higher loan limits for FHA loans would expire. For high-cost markets in Northern VA, this means that maximum FHA loans will decline from... Continue Reading Article »