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lorger Down Poyments, 25-Yeor Terms Required by FHA qnd VA on Home Locrns

FHA has announced that, effective July 30, 1955, the ratios of loan to value are reduced 2 percentage points for home mortgages.

fnstead of the loan to value ratio being 9516 on the first $9,000 of value and 75/o of the value exceeding $9,000, the new regulations provide a maximum loan of 9316 of. the first $9,000 plus 73/e of such value in excess of $9,000.

On existing housing the new regulations provide for a maximum mortgage of. 8816 of $9,000 plus 73/6 of such value in excess of $9,000.

Also, the term of the mortgage can not exceed 25 years or three-fourths of the Commissioner's estimate of the remaining economic life of the property.

Where the mortgagor is not the occupant of the property, the principal amount of the mortgage may not exceed eS/6 of. the amount of the insurable mortgage available to the owner-occupant.

A similar announcement has been made by VA. The minimum downpayment on GI home loans is now 2 percent.

one of l0 woods from the WESITRN P/NE *gion

Soft and even-textured, straiglrtgrained, dimensionally stable, White Fir is widely used in residential and industrial construction, particularly for light framing. lt's an excellent wood for crating and boxes, and much in demand for general industrial use, Light-colored, it's a favorite for modern paneling and woodwork.

White Fir comes in 3 select, 5 common, 4 factory, 4 dimension grades. You can order it in straight or mixed cars-together with other woods from the Western Pine region-from mostWestern Pine Association member mills.