February 22, 2012
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Las Vegas Nevada, lowering FHA loan Limits

Beginning 10-1-2011, the temporary increase in FHA Loan Limits across the nation will cease.  As for Las Vegas, NV, located in Clark County, our current loan limit of $400,000 will decrease to $287,500.  

Condo Financing Tough

Fannie Mae, Freddie Mac and the FHA, Federal Housing Administration, all began in 2008 to become more restrictive in their policies to guarantee or purchase mortgages made on condominiums.  While there hasn't been much change in those restrictions and rules in the last two years, there has been a lot of market change.
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