HUD
insures mortgage loans to help people buy or refinance their
current homes at a low
interest rate and with a low down payment. HUD doesn't give you the loan directly. You'll
need to go to a local HUD-approved lender, who will help you find out if one of HUD's
programs is right for you.
In the Fredericksburg-Northern Virginia area, in calendar year
2006, the FHA mortgage insurance limit on
one-family houses will rise to $362,790.
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