Effective March 6, 2008 the Federal Housing Administration increased the maximum loan limit on Bend and Deschutes county homes to a maximum of $447,500. In January 2009, FHA's maximum loam limit with return to $362,790 unless congress approves legislation to permanently increase loan limits.
These increased limits along with zero down FHA program for 1st time buyers will help our market move forward. Prices are down, interest rates are good and there's a good choice of home to choose from. Now is a good time to buy.
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