Good news for FHA loans! As of last week, there are new maximum loan limits that are available due to the American Recovery & Reinvestment Act. These new loan limits are for new and existing loan applications that are submitted with credit approval on or after March 12, 2009.

Here is a list of the 2009 FHA Maximum Mortgage Limits*:
$729,750 for one-unit properties
$934,200 for two-unit properties
$1,129,250 for three-unit properties
$1,403,400 for four-unit properties
These new limits open up the possibilities for many new buyers! Now lenders can go as high as a $729,750 …

We started our St Patrick’s day celebration here in Philadelphia this weekend, with our annual parade. Did you know that the Philadelphia St Patrick’s Day parade is the second oldest in the nation? Only New York City has been holding a St. Patrick’s Day parade for a longer time. Enjoy the day – and then call me about seeing some Philadelphia condominiums.

You can get a great deal with a Philadelphia foreclosure, but you have to be aware of a few things. Philadelphia foreclosures are a great opportunity, but don’t go into the venture alone, especially if you are new to buying real estate.

Victory is yours at the newly renovated Victory Building. This elegant Philadelphia condominium is housed in an historic 1873 building that was originally home to the New York Mutual Life Insurance Company.

The first time home buyer tax credit of $8000 is generating a lot of interest among potential Philadelphia condo buyers – and a lot of questions. What’s interesting for all home buyers is the various initiatives in states right now.

This is a great time to be a first time home buyer. Prices are lower, interest rates are down, you have an $8000 federal tax credit – and in the Philadelphia area, you have 10 year tax abatements on many Philadelphia condos. This is a good time for you to consider buying a Philadelphia condo at Shackamaxon Court. Located in Fishtown, an area rich in history and now a contemporary Center City hub for artist colonies, trendy bars and restaurants and shopping, this Philadelphia condo is affordable and desirable.

Here at CondoDomain, we know that foreclosures offer our buyers tremendous savings. We have partnered with RealtyTrac to give our buyers great opportunities to save on Philadelphia foreclosures. Looking through the data we now have on our site, here’s a few Philadelphia foreclosure opportunities I really like for buyers.

Lets talk about the “f” word – Foreclosure. We’ve seen a lot of attention lately to President Obama’s plan to help distressed home owners avoid foreclosure, and relieve the pressure of those drastically reduced priced homes on the market. What does this mean for you, the buyer of a condo here in Atlanta? Is an Atlanta Foreclosure a good deal for you? Will action by Congress keep you from getting an unbelievably good deal, or sweeten the deal more for you?

The Marine Club Condominiums in Philadelphia are affordable, convenient, and contemporary residences on Broad street, also known as Avenue of the Arts. The building was constructed in 1904 and was the Marine Quartermaster depot – today it is home to 295 contemporary and sophisticated Philadelphia condominiums.

The former Metropolitan Hospital on Franklin Square is enjoying life as a home to 129 spacious Pniladelphia condominiums. The rounded exterior of this 1960s era building now forms the MetroClub Condominiums, and it is a popular spot in City Center. A beautiful building, with parking, access to the interstates made it a great candidate for renovation. Fueled by the 10 year tax abatement program, Center City has become a popular and affordable destination for those who require a luxury residence in a prime area.

Here’s a chance to live in a new, chic Philadelphia loft home – in an old section of downtown Philadelphia. Hoopskirt Lofts is one of a trio of projects by 806 Capital which transforms old loft buildings into swanky new Philadelphia lofts. With prices starting in the 200s, this is an opportunity to own your Philadelphia loft home with an innovative urban style.

So what is the story with the stimulus and the tax credit for first time home buyers anyway? How different is it from the tax credit that already exists? Originally, a $15000 stimulus credit was discussed, one that would be open to all home buyers who had not purchased within the past three years. This would have carried a 19 billion price tag. Congress reduced it to $8000. But you still are eligible if you have not owned a home within the past three years.