Hey read this article today:Higher Rates Could Raise Housing Costs 15% DAILY REAL ESTATE NEWS | TUESDAY, FEBRUARY 20, 2018 If mortgage rate forecasts pan out, home buyers might see their mortgage
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2017 FHA Riverside County Loan Limit
The Federal Housing Administration (FHA) sets a floor and ceiling loan limit for each county in California.
2017 FHA loan limit in Riverside County is $375,500
If putting the minimum 3.5% down for an FHA loan, that means your max sales price would need to be about $389,000.
To purchase a home priced more than $389,000, you would need a down payment large enough to keep the loan amount at $375,500….or use our Conventional loan that only requires 3% down or even 1% down.