New limit on FHA loans poses potential block to housing recovery

SOURCE: Mortgage News Feed

A housing market on the brink of recovery has a potential new hurdle in its way. Local real estate observers say they’re concerned about a Jan. 1 rule that dramatically lowered the size of mortgage the federal government will back in the Las Vegas market. The lower loan limit could hurt buyers with small down payments and derail a nascent revival in the homebuilding sector.

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