You may have heard that the FHA has recently increased loan limits. Want to know what that means for you? How about this: Sub-prime lending is (in most cases) no longer an option for homebuyers in today's market. Fortunately, the FHA has stepped in to fill some of the void for those who are good risks, buying reasonably priced homes. An approved FHA buyer can now borrow as much $346,250.00 to purchase a home. Down payment requirements are currently 3% and you can qualify for an FHA loan even if you have less than ideal credit. Scores down in the 580 range may still be approved for home ownership with FHA. In the larger picture, the old FHA loan limits reduced the options of the homes that could be purchased in the Alpharetta and Johns Creek areas. This higher loan limit will allow additional neighborhoods to qualify and will improve options for local FHA buyers. For more information, look at the FHA Loan Agreement and FHA Loan Exhibit documents.