One of the benefits of the economic stimulus plan was the increase in FHA loan limits, (currently 410,000 in DuPage and Will Counties), opening up another avenue of financing for home buyers. Some of the benefits include: -FHA loans are federally insured -Qualifying for an FHA loans is not driven by your credit score -FHA loans require as little as 3% down payment -FHA loans allow sellers to finance buyer closing costs -Buyers down payments can be obtained as a gift from a family member As the real estate "bubble" has burst, home prices have become more affordable than ever. This is great news for Naperville home buyers. Naperville was ranked #3 in Money magazines "Best Places to Live". Naperville is well known for its thriving downtown and luxury homes. However, I have a se...
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