The Federal Housing Administration recently announced that as of January 1st 2014, single family housing loan limits will be reduced in many counties across the United States.
Here in Maricopa County the loan limit will be reduce from $346,250 to $271,050 for FHA. THis is to reduce the risk of potential defaults on higher loan amounts. However buyers do have other options, many lenders offer a 5% down conventional loan. If you are unsure of your options, talk to a professional who can guide you. We are glad to put you in contact with one of our lender partners to figure out what works best for you.
Joan Kilbey Solutions Real Estate 602-622-2712 firstname.lastname@example.org
You can see homes that still qualify for FHA funding below.
Solutions Real Estate has the Solution to all of your Arizona Real Estate needs. Veteran owned company based in Gilbert, Arizona with several offices throughout the Phoenix Metropolitan area. Currently expanding in southern California in the San Diego market.
"Linda Hanoneh was a joy to work with. She was always available for a question and really helped us with our move to Arizona. She listened to our requests and found us a home to match them. We would definitely hire her again."