Above are the new FHA loan limits for Franklin and Delaware Counties single family through four family.  The Current Base FHA Loan Limits became effective March 5, 2008.
 

Here's a list with all Ohio counties from Cleveland lender Tim Bradford:

Ohio FHA limits by county

More about FHA financing:

Home Buyer FHA Finance Quiz 

Home Seller FHA Finance Quiz 

All comments are moderated.  Copyright 2008 Discover Columbus and Maureen McCabe

I get emails and newsletters from various lenders about what is going on in the market.  Writing about finance is my least favorite category on my blog.   So keep 'em coming lenders.  If they have references to cows or are wrapped around a restaurant review  they would really make me happy, but neither is a  prerequisite.

This is from Colleen Fearon of Fearon Financial. I met Colleen when she visited one of my open houses a month or so ago.

"As expected, the Fed raised the rate for the 17^th straight time to bring it to 5.25%.  This raise in the rate has had little effect on mortgage rates from the previous week as the 10-year treasury sits at 5.20 as of 9:00am this morning.  Generally speaking mortgage rates have increased by about 1 ¼% over the last 12 months."

"The June 28^th report from the Mortgage Bankers Association shows that mortgage application volume has decreased 7.0% from the previous week and 31.0% from the same week in 2005. Refinance activity continues to decrease as well.  The MBA also reports the average contract interest rate to be up to 6.86% from 6.73%."

"On a loan of $400,000 Fearon Financial is currently at 6.5% with $2,119, an APR of 6.553% and a payment of $2,528.27.  The closest competition with the same loan parameters at the same interest rate has over double the closing costs!  See the file attached for my standard rate sheets or visit www.FearonFinancial.com to run a specific scenario of your own. We are the price leader in the state of Ohio!"

"If you haven’t had the pleasure of working with a mortgage bank that has the lowest total cost mortgage programs for your buyers, delivers on it’s promises and does not compromise it’s integrity for any reason it’s time to see what you’ve been missing.  Fearon Financial has taken the commissioned loan officer out of the pricing of the loan and made sure that our referral sources and clients receive the highest level of service.  As a professional shouldn’t you expect this from every professional you work with?"

Fearon Financial is SmarterMORTGAGES^sm.

Colleen T. Fearon

Relationship Manager

Fearon Financial - SmarterMORTGAGES^sm

 www.fearonfinancial.com

Scott, Jamie, Jennifer, Mary Ann,  Becky, Colleen etc.  if any of you want to guest blog or send me finance info to include on Columbus Best Blog  please do.   Finance is sooooooo important but I am so much better at writing about events, food and cows. 

Copyright 2006 Columbus Best Blog and Maureen McCabe