The Federal Housing Administration has just increased the FHA loan limit for the year 2020.

The new ceiling for FHA home buyers willing to give 3.5% down has been increased to $765,600.

This new increase gives first time home buyers more purchasing power when looking for their dream home.

Also, loans up to the new ceiling are no longer priced as jumbo loans giving home buyers better rates and additional monthly savings.

Even better, the ceiling for the CalHFA down payment assistance program has also been increased to $765,000 throughout the State of California increasing the number of homes that can be bought receiving up to 3.5% in the form of down payment assistance and an additional 3% to help them pay some of the closing cost.

So, if you are considering buying a home in the year 2020, please give us a holler as we are never too busy for your calls.

JERRY TORRES’ TEAM Sr. Mortgage Loan Originator NMLS #365615 THE PERFORMANCE TEAM Cell: (626) 269-9945 Fax: (800) 339-5004 Team@JerryTorres.Pro https://www.JerryTorres.Pro/ #TechieLoanOriginator | #JerryTorresPro Prime & NON-Prime Home Loans | Bank Statement Loans | ITIN | HELOCs