Now, as far as what the price point will be here for Nevada, our current FHA loan amount in 2021 is around $362,000 and change. It would be expected to see something in the range of 390 to 400 of what that new FHA loan amount would be, which would then put FHA purchase prices somewhere in the range of about 400 to 415,000 with still only requiring 3.5% down. Now again, this is speculation, and this is what the estimate would be based on what their prior increases have shown and based on what the property values have increased to.
But nonetheless, we're not going to know that final number until we actually get their announcement. However, that should be coming very soon, so just keep tuned to us. We'll definitely get that update out as soon as we see it, but at the current time, the FHA loan limits for Nevada have not been announced yet as far as what they will be increasing too.
