FHA LOAN LIMIT CHANGES COMING

Changes Coming After The First Of The Year In FHA Loan Limits

If you’re thinking of buying using FHA financing and you’re looking at homes that would fit the 2008 criteria of $346,250, you’d better hurry.  As of January, 2009 the limits in Maricopa County are going down to $271, 050 (this is pretty much reflection across the nation).  A significant drop most likely due to the drop in home values. 

However, if you purchase now, you’ll make it in under the deadline. There are plenty of homes in that price range and good values at that.  Search Re/Max.com and give me a call if there’s something you’d like to see.