FHA Loan limits are dropping -

October 1, 2011 FHA loan limits are dropping to  $379,500

FHA Buyers who have been slow to make a decision must read this about FHA financing.

FHA loans were about 3% of all sales at one time and now they lend to about 30% of all buyers requiring mortgage as Washington Post Reports today. Presently Buyers are required to have 3.5% of their own funds for the down payment, this may go up to 5% or even 10%. In addition fee structure may be changed. For further details visit these sites:
Today’s Washington Post   or visit HUD webiste directly.