Monday, February 18, 2008

No Change on Limits

The economic stimulus package now in place will not make a difference in Albuquerque and Rio Rancho, since all the loan 'caps' are based on local prices.

FHA limit is still $200,160
Conventional remains $417,000

Even for those areas that will see a rise, it will take a couple of months for the agencies to work out the numbers.

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