The new FHA guidelines have now increase to $729,750 for the OC. For purchases this requires a 3% minimum downpayment. This certainly helps those purchasers that have a small downpayment as the guidelines for conventional loans have tightened severely often requiring a minimum downpayment of 10% and pristine credit. FHA loan guidelines don't utilise the FICO scores but rather Debt-to-Income ratios instead. If you have any questions, please call.
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Kristin Devlin
949.350.3771
kristinsdevlin@aol.comLaguna Woods and Lake Forest Homes and Real Estate
