FHA Loan Limits Increased for Maricopa and Pinal Counties

HUD finally published the new loan limits for Maricopa and Pinal Counties. The new mortgage loan limits are the same for both counties and are as follows:

Single Family: $346,250

Two Family: $443,250

Three Family: $535,800

Four Family: $665,850

These loan limits are effective immediately, but there is some lag time since the investors who buy these loans have not yet adjusted their systems. It should happen soon enough.

With the down payment assistance programs scoring victories in their lawsuit against the HUD, borrowers are able to use 3% from non-profits such as AmeriDream. FHA just got a whole lot better. And don’t forget the 5% downpayment program (Home in Five) can be used in conjunction with a FHA loan. In this buyers market you can’t ask for things to be any better!

This site is for informational purposes only. It is not sponsored or in any way affiliated with the government. If you are in need of a mortgage loan, consult with a licensed mortgage professional. All fair housing and equal housing opportunity laws apply when applying for a mortgage or buying a home. Copyright 2012.