FHA Home Loan Limits Reduced

FHA Home Loan Limits Reduced

If you have been on the fence about buying a new home, it's time to jump off!! It's not too late to open escrow by December 31st. I CAN HELP!!!

Home buyers nationwide and in Phoenix may find themselves scrambling to get in escrow before Jan. 1, when the Federal Housing Administration’s lower loan limits take effect.
For borrowers in Maricopa County, the largest FHA loan available next year will be $271,050 — almost 22 percent less than today’s limit of $346,250. The cap is being reduced to $271,050 in every other county statewide as well. Loan limits are being reduced nationwide — about 650 counties — as part of the FHA’s effort to cut back its market share and lure private capital back to the mortgage sector.

Click on the link below to browse homes for sale in Maricopa County.

http://brenthammonds.sreagent.com/index.php?quick=1&display=Maricopa%2C+&areas%5B%5D=county%3AMARICO...


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Phone: 602-717-3219
Dated: December 10th 2013
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