Loan limits have increased in Washtenaw County and the surrounding counties. This is a result of the American Recovery and Reinvestment Act, which was passed into law on February 17th, 2009.
These are for Single Family Homes and Condo’s.
· Lenawee County $297,500
· Livingston County $297,500
· Monroe County $297,500
· Wayne County $297,500
· Washtenaw County $345,000 (up from $271,050)
FHA loans require only 3.5% down payment that may be gifted funds. Minimum credit scores of 620 required and they are assumable.
Let us know if you need to speak to a lender, we ONLY work with Top Notch Local Lenders in Washtenaw County. Lenders that give you personal one on one service, lenders that know our area and ONLY work with local appraisers.
Call or email me for a list.