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 email@example.com
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.
"My wife and I worked with Alan and other members of The Valley Solutions Team about a year ago when we were moving to Arizona to buy our first home. We searched website after website, but kept coming back to his team website. Thank goodness we did. Alan was awesome to work with, and was very flexible and dependable. While we had to fly in from out of town he was available to us when we needed him. The searching and buying process went very smoothly and we couldn't have been happier. Then, a just a few months ago, we had the pleasure of working with Alan again. We ended up buying our second home here in Scottsdale. Our situation was a bit more difficult as my husband was away more often then not for work. Alan was more then willing to meet with me when our schedule allowed us to do so, and did everything he could to help us purchase our second home while my husband was away. The second time around went just as smooth as the first and we couldn't be more pleased with our new home. Alan was very easy to work with. He responded to e-mails, and phone calls right away and have a vast knowledge about Arizona and the real estate market. They are the best of the best and we wouldn't buy from anyone else, or recommend anyone else to work with. They are just that good!!!"