FHA Loan

Good news for San Gabriel Valley homebuyers: Prior to the Thanksgiving holiday, President Obama reinstated higher FHA loan limits through 2013. FHA loan limits can go up to 125 percent of local area median home prices. This means you can obtain a mortgage for a purchase or refinance in Claremont, San Dimas, LaVerne or Glendora for up to $729,750!

Currently there are over 33 homes for sale in Claremont, CA and 42 homes in Glendora, CA listed at $700k and above.

These high FHA loan limits combined with low downpayment options present a great opportunity for a qualified home buyer to purchase a high-end home in Claremont or Glendora, California while holding on to more of your own cash.