Detailed text transcripts for TV channel - FOXNEWS - 20140109:13:17:00
Financing limits, what are the new changes and how are we affected? >> yeah. it's really -- fha, again for our viewers, they just insure the loan. so they're the ones that insure the loans and we pay for it. we pay premiums for that insurance. fha has lowered the limits. for example, in clark county, nevada, it's now $287,000. so in other words, if you buy home up to $287,000, they will insure that. that lowered the limit from 400,000. it varies from state to state and county to county based on the median size homes and the values in that area. that basically impacts a prospective homeowner ha...