Thinking of buying a home for $750,000 or less? Currently, you can obtain an FHA loan in Summit County for up to $729,000 with a down payment of only 3.5%! To qualify for an FHA loan, you must live in the property as your primary residence. If your home is a condominium, the project must meet FHA qualifications.
But you must act now. On October 1, 2011, the maximum FHA loan in Summit County will be lowered to $600,300. FHA loans are a great opportunity to leverage your investment dollars, take advantage of today’s low interest rates and avoid falling into the “jumbo loan” category, which generally involves higher interest rates and tougher qualification requirements. With today’s super low prices, you wouldn’t believe the beautiful homes and condominiums that you can buy for $750,000. Go to www.buyparkcityhomes.com to see for yourself.