HUD announced on Thursday 3/6/2008 that it had completed the revised loan limits for FHA loans.  The new amounts for 2008 are broken down by county. New Castle County will have a new maximum FHA loan amount of $420,000. The old limit was $292,685. Kent County will have a new FHA loan limit of $417,000 and the old limit in Kent was $266,000.

Sussex County will also have a new limit of $417,000.  This is BIG!!! People who have credit challenges can qualify for an FHA loan as long as they can meet the income guidelines.  This limit is only temporary and expires at the end of 2008, so HURRY if you are in this new range.

Please call me to discuss an FHA loan at 302-368-7132 Ext.12 ask for John Thomas and I can answer all your questions about the new loan limits and what it takes to see if you qualify for an FHA loan.

If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713