“Guideline Changes for the Mortgage Industry”

To continue with our theme for 2008 “Guideline Changes for the Mortgage Industry” we have another update!

FHA loan limits will be decreasing to $355,350 for the County of Riverside for all loans that have an approval dated after Jan 1, 2009.

There will no longer be a classification of Jumbo Gov 30, just Gov 30.

Yesterday was the last day to lock loans Agency or FHA Jumbo between $417,000 to $500,000.

Conventional loans will also be lowering their loan limits in Riverside County back to $417,000 down from $500,000. Call me with questions and make it a great weekend!