FHA
just released their updated Mortgagee Letter, starting on January 1st, 2014,
the FHA loan limit in Maricopa County for a single family residence will
decrease from the current maximum loan limit of $346,250 down to a maximum loan
limit of $271,050.
The new loan limit will apply to all FHA case numbers issued on or after
01/01/2014.
A purchase price of $280,850 will keep a buyer at 3.5% down when considering
the $271,050.00 maximum loan limit.
If you are on the fence about buying a new home with an FHA loan, now is the time! Call Stacia today to get pre-qualified and find your new home.
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