Nashville Largely Unaffected By FHA Loan Limit Raises
The bill will allow some buyers to purchase a government backed loan that may be less expensive than in the other likely alternative, the Jumbo loan market. Senator Corker is against this bill as it has the possibility to further burden tax payers. A quick review of the Nashville MLS shows 215 homes sold in this area in the last year with a sales price between $625,500 and $729,750. This is less than one percent of all the homes sold in the MLS within the last year. Due to the current level of home sales in this price range in Nashville, we do not expect any significant gains in the market due the loan limit changes.