Home : Blogs : Bonny Puckett ~ REALTOR ~ Fountain Hills, Scottsdale, AZ : Bonny Puckett - Arizona Real Estate News - Serving Scottsdale, Rio Verde, Fountain Hills & East Valley

FHA announces 2009 Loan Limits

What does this mean for home buyers? It means that if you are interested in buying a home in the $300,000 price range, NOW is the time to make your move! Call me today to get started on your personalized home search.

Via Eric Murrietta:

Just a Reminder: Perhaps you were on vacation and missed the news about the new FHA loan limits for 2009. For Maricopa County the new maximum loan limit will be $271,050.

To read more about it, check out this blog.

What does this change mean for borrowers? Less buying power.

Will it affect those purchasing homes?

Will it hurt those who could have initially done refinances up to 95% at the 2008 limit of $346,250?

If you or anyone you know are can afford and are interested in buying a home in the $300K range but want to take advanatage of putting less than 10% down...NOW is the time to contact your financing parter to discuss the steps necessary to get you into that new home.