The Department of Housing and Urban Development has recently raised 2005 FHA loan limits by 8%. HUD adjusts the loan limits every year to keep pace with housing prices nationwide. The 2005 loan limits are 42% higher than they were just five years ago! A strong indication if there ever was one, that an investment in a Las Vegas home makes good financial sense. The new limits have a number of economic benefits, and not just for Las Vegas home owners. This adjustment will help to create more construction jobs, more consumer spending and increased overall home ownership. Many first time buyers use the FHA program to enter the housing market because the loan requirements tend to be a little easier to satisfy. MS Las Vegas Real Estate would be happy to assist you in the purchase of a Las Vegas home and can help you to take advantage of all that HUD/FHA has to offer in the Las Vegas real estate market.

This entry was posted by Michelle Sterling on Monday, January 24th, 2005 at 10:08 am and is filed under Las Vegas Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.