FHA Loan Limits Increased, Again.
Thu, Feb 26, 2009
Good news. The FHA loan limits have increased! The new limit in Maricopa County for a single family house is now $346,250. Most of my clients are getting FHA loans (at awesome rates - 5-6% right now), and are doing the minimum downpayment required with a FHA loan - 3.5% of the purchase price.
So, you could buy a 300,000 house and your downpayment would be $10,500. Don’t forget a few thousand for closing costs (title and lender fees) - but in many cases I’m negotiating the seller to cover these costs for you!
Don’t live in Maricopa County, AZ? Check out FHA loan limits near you:
(click to make graph bigger)
Tags: arizona FHA loan limits, fha loan amounts in phoenix, FHA loan limits maricopa county
April 26th, 2009 at 6:47 am
Very useful information . Thanks for sharing. many folks are in need of a loan modification lawyer or a real estate agent show specializes in short sales.
July 8th, 2009 at 11:37 am
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