The Federal Housing Administration has recently updated the loan limits for FHA insured loans and raised the limits significantly. Here are the new loan limits for FHA loans in the metro Indianapolis area:
| Single Family | Two-Family | Three-Family | Four-Family |
| $271,050 | $347,000 | $419,400 | $521,250 |
Hopefully this will be another impetus to spark some more interest in Indianapolis real estate. Indianapolis is the most affordable major metropolitan real estate market in the nation and $271,000 can buy you a lot of house in Indy. I can see some of the more expensive market such as Carmel real estate and Fishers real estate really benefiting from this the most. These new loan limits open up a whole new pool of buyers for that price range that could have previously been sitting on the sidelines due to increased conventional loan guidelines.
These new limits hit at perfect time for the buying season and should have a positive impact on the market.
Views: 210