fha loan limits: FHA 2023 Loan Limits Increased for Phoenix Arizona Metro Area
- 12/01/22 06:42 PM
Exciting news to help with your home purchase! "HUD has increased the popular 3.5% down payment FHA loan limits for 2023" per Ryan Spencer of AZ Mortgage Group, LLC. Specifically, "Maricopa County (Phoenix Metro) FHA loan limits will increase from $441,600 to $530,150 for single-family residences. This is a $88,550 increase that goes into effect on January 1st, 2023." (Photo: Family White 77 from Pixabay) Maricopa County Arizona FHA Loan Limit Breakdown: $530,150 Single Family $648,700 Two-Family (0 comments)
Per Bob Silva, Loan Officer with VIP Mortgate, "To stay in line with the Fannie Mae increase in loan limits from $417,000 to $424,100 which becomes effective with loan applications taken after Dec. 10th ……FHA has followed suit to maintain their 65% of federal conventional loan limit
This means for Maricopa County the maximum loan amount for FHA is currently $271,050 and will be moving to $275,665 starting with Case numbers pulled on or after January 1st.
With the FHA loan minimum down payment (4 comments)
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI