Information given to us by Fred Chamberlin:
HUD has announced new FHA loan limits nationwide. Lane County's new loan limit is $343,750, almost $100,000 over the previous limit.
This program allows purchase (and refinances) with liberal underwriting and limited down payments, helping people that were being put into subprime loans in the past. This change is currently temporary until the end of the year. HUD could extend it or make it permanent prior to that, but right now it is temporary.
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