Get the San Diego FHA Loan Limits 2015 by speaking with a FHA home loan specialist.
San Diego, California (PRWEB) February 04, 2015
The FHA loan limits in San Diego for 2015 has an increase for the city of Carlsbad. The new FHA home loan and FHA Streamline page from mortgage expert Kevin Leonard displays the new figures. The 2014 FHA loan limits for Carlsbad for a single family was $546,250 and the 2015 loan limits for FHA is $562,350, which is an increase of $16,100. The two unit loan limit up to $719,900 from $699,300 from the previous year. There were also increase to the 3 unit limits, and the 4 unit loan limits rose to $1,081,450. The FHA's calculation for max loan limits in high cost metropolitan locations in the country will remain the same as the 2014 level of $625,500. The current FHA loan limit for areas where property costs are relatively low will also remain the same as the previous year. To review more of the FHA 2015 loan limits in California click here.
The median home price in San Diego is currently $494,000 according to Zillow. The new 2015 San Diego FHA loan limits will be able to add more inventory of homes that will be able to qualify for a FHA home loan. The Federal Housing Administration was instituted back in 1934 and became a part of HUD in 1965. Since the beginning FHA has provided mortgage insurance to millions of properties throughout the United States and U.S. territories. The advantage of an FHA home loan in San Diego is the credit and income requirements are more lenient that traditional loans. Learn more about the benefits of this type of home loan by contacting a San Diego FHA expert at, http://www.kevinleonardmortgageexpert.com/fha-loan-limits-san-diego-2015/
Kevin Leonard began in the mortgage business in 1997 and since then he has become one of the leading mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a full understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with the best real estate agents in San Diego for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To learn more about the San Diego FHA loan limits in 2015 click on the highlighted link.
Phone: (858) 999-3737