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OFFICIAL: FHA raised the maximum mortgage limit to $346,250 in Maricopa County, Arizona

By
Mortgage and Lending with Gateway Mortgage Group NMLS# 1290123

HUD has released the increased FHA loan limits on FHA mortgages. The new limit in Maricopa County Arizona is $346,250. This will apply to FHA Loans on homes in Glendale, homes in Phoenix, homes in Peoria, homes in Surprise, homes in Litchfield Park, homes in Avondale, Buckeye, Mesa, Gilbert, Chandler, Tempe and so on. Please see the following website link for additional info directly from HUD.

FHA Mortgage Limits in Arizona, California, Minnesota, New Mexico, South Dakota and all other States!

What does this FHA change mean to you the buyer/borrower???? It means.....

You can qualify for an FHA loan using the new limits and get a lower interest rate on a higher priced home, use lower credit scores to qualify or even alternative trades and not be hit with any declining market adjustments. Here are some of the perks that you may qualify for using the FHA loan programs.

  • Up to 97% for Purchase or Rate/Term Refinance
  • Up to 95% for Cash Out Refinance
  • No Down Payment out of pocket, Can be a Gift
  • Non-Occupying Co-Borrower program
  • Use Alternative Credit (Utility Bills, Rental Stores etc...)
  • Credit Scores down to 500 FICO
  • Lower Rates!!!!

If you are buying a home or looking to refinance into an FHA Program, Give Sterling Home Mortgage a call TODAY!

If you are looking for real estate in the State of Arizona, Visit RE/MAX Integrity, Realtors


Posted by Michael Martell on March 6th, 2008 3:30 PMPost a Comment (0)
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Posted by

Michael Martell

Licensed Mortgage Originator (AZ and WA)

Stearns Lending

NMLS# 1290123

7850

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