During the last few months I have been thinking about how this economy is going to move forward. With tea parties and tax day it hit like a ton bricks. but the good news finally dropped by to say hi. As of my last post the FHA reverse mortgage limit was increased to 417,000 from the mid 350’s. Well not too long ago the Congress stepped up and raised the limit to $625,000. So I think the government is seeing this as a need for the relief for some who could not qualify in the normal sense for a FHA backed reverse mortgage. So i am happy to announce this especially for some of California’s residents. new reverse mortgage limits
Tags: california reverse mortgage, fha limits increased, new reverse mortgage limits
