#1 Reason Why FHA Home Buyers Should Buy a Home This Summer - Great question from Kansas City home buyer

Kansas City home buyer asked: "I heard that FHA will be making changes soon. What have you heard?"

Answer: Yes, I have heard about those changes also. I have been helping home buyers buy homes in Kansas City for over 20 years. Before a change takes affect in the real estate business, there is always a few loan officers that will reveal the changes from meetings they have had in their office. Lately, I have been hearing that FHA will be making some changes before September. Those changes I have heard from several loan officers are raising the down payment required and lowering the loan amount.

What this means for FHA home buyers is they will need more money to buy the same home that they could buy now. Also, FHA home buyers will qualify for less home.

What this means for homeowners selling in the upper FHA limits: There will be less competition from home buyers to buy your home making it even harder to find a buyer to buy your home. If your home is on the market, I recommend getting aggressive in pricing very soon. If you plan on listing your home later this year, you may decide to list sooner before the buyer pool shrinks.


RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty

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