Possible Changes Underway

  • The Senate is looking at Bill to extend the first time buyer tax credit for service members, who served over seas.

The National Association of Realtors is out there trying to make some significant changes that will help the industry recover. 

  1. Trying to keep the higher loan limits for FHA permanent
  2. Trying to eliminate the owner occupied ratio on condo complexes.  This is big because, you currently cannot buy a condo using an FHA loan if more than 51% of the units are not owner occupied.

It’s great to see people trying to create change.

Thank you,
Matt Steinmetz
Envoy Mortgage- Voted Top 25 Tech Savvy Lenders by Mortgage Technology Magazine
2151-P Salvio St.
Concord, CA 94520
Phone 925-671-9501 x119
Fax 925-940-9639
msteinmetz@envoymtg.com

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