News on the FHA mortgage front: Effective October 1, 2011 the maximum loan amount for an FHA loan is dropping to $271,050 - down from its current limit of $346,250. You can still get 96.5% of your purchase financed but after October 1st, that means your maximum purchase price is less than $282,000.
Act soon to get your home before the deadline. There are still many choices and interest rates are low so don't delay.
Use the Lifestyle Search to check out homes for sale where you want to live. Give me a call when you are ready to start looking. I specialize in the Phoenix East Valley in cities like Gilbert AZ, Chandler AZ and Tempe AZ.
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