For some of you guys who are thinking about a FHA Home Loan, there are good news. Effective January 1st through December 31st 2015, the maximum FHA home mortgage limits has increased from $287,500 in 2014 to $310,500 . This new and higher loan limits affect Frisco Texas, spanning both Collin and Denton counties and also Tarrant and Dallas county limits.
You as a home buyer can now purchase homes in Frisco TX up to $321,750.
So how does this affect Frisco Texas home sellers?
A higher limit means more Frisco TX homes now qualify for FHA home mortgage limits. Previously, homes in Frisco Texas up to $297,500 are allowed with a minimum 3.5% down payment for the FHA loan program.
There is no change to the the 3.5% down payment requirement.
To roof or not to roof? Is that even a question for your Frisco TX home.
You know that iving in the great state of Texas, you will see some crazy weather and storm in the spring and fall time. Each storm that hits the Frisco TX area may also bring hail from pea size to golf ball size. Hail can bring damage to your personal properties from your car to your home. One of the important thing to do after a storm is to walk around your home and do a quick assessment of any damage that you may see.
Pay attention to your roof to see if there is any missing shingles. Look at your fence (wood or wrought iron) to see if the are any mark. Check the down spouts and gutters to see if there are any dents. If you see any signs of these mentioned item, you might want to call a reputable roof to come and assess your roof.
A good reputable roof will come out and give you a fair and honest assessment to see if there is any damages and if you need to call your insurance company. Make sure to ask the roof to explain what he is looking for. Ask him about the 10 x 10 test. Make sure you understand what ACV and depreciated value is.
You and I don’t do this a lot that we know what the process and procedure are, so make sure to find a reputable roofer who are willing to educate you. Don’t find or hire the cheapest roofer. Find someone who has a heart of a teacher that can make you better informed consumer.
It is also a good time to pull out your home insurance policy and understand what coverage you have.
If you need a roofer referral, email or call us. We will be glad to recommend someone that we trust and that we use personally.