The Housing and Urban Development (HUD) recently announced that it will lower FHA home mortgage lending limits in the upcoming year of 2014. High cost areas such as the San Francisco Bay Area will see the greatest reduction in home mortgage limits. The FHA loan limits in these type of expensive areas will drop from $729, 750 to $625, 000. This is all in an attempt to lower the amount of losses due to defaults within the past 5 years.
We at Summit Funding are happy to keep our prospective home buyers and real estate agent partners informed! As a direct Seller/Servicer to HUD, Fannie Mae & Freddie Mac, we know that changes like these affect the home buying decision and is the main reason we make it our responsibility to keep you up-to-date. Whether in the San Francisco Bay Area or Reno, we have you covered!
For more information about upcoming changes, for questions about loan qualifications or to speak with me directly contact:
Bruce Specter
CELL: (775)338-6915
OFFICE: (775) 824-3640 x126
http://www.summitfunding.net/bspecter
I have spent the past 20 years involved with real estate and finance.This after a successful career in marketing high technology, from writing guides for IBM to launching and growing a distribution channel for a Fortune 500 company.
Even in these trouble times for the banking industry, I truly enjoy what I do: work with people to develop sound real estate financial strategies, whether 1st time buyer, seasoned real estate investor or custom home builder.My best customer is one that gets involved and wants to make the best decision based on situation an requirement.
I am also very involved civicly.VP of Membership for the Nevada Center for Entrepreneurship & Technology (www.NCET.org) having been on the Northwest Neighborhood Advisory Board, EDAWN Intangible Business Advisory Committee,Reno/Sparks Association of Realtors Technology Committee,Committee Chair for several events for Rotary, Founder of the Somersett Small Business Alliance, former President-Elect of the Nevada Association Mortgage Professionals, just to name a few.
Bottom-line, I take what I do seriously, make sure family comes first and do the right thing.Life is good!
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