Just in case you have not heard the good news for the Bakersfield housing market- The FHA loan limits have been raised much higher than most expected. The new limit on a single family residence in Kern County is $368,750. That is almost a $100,000 increase from our previous maximum!

This is a great sign for the Bakersfield market and the ripple effect will help homes of all price ranges not just the ones priced up to $368,750.

For those of you not familiar with the FHA (Federal Housing Authority), more information can be found at http://www.hud.gov/offices/hsg/fhahistory.cfm

A common misconception is that you must be a first time home buyer to qualify for an FHA loan program but that is not the case.

If interested in more information about obtaining an FHA loan or how this can help the sale of your property- Please contact us today for more information!

Have a great day!