Good News for Pima County Arizona - FHA Loan Limits Increase
The FHA maximum mortgage limits for Pima county Arizona have been increased. The new mortgage limit for a single family home in Pima county is now $316,250.
This is good news for the Tucson housing market!
An FHA loan allows potential home owners to purchase a home with only 3% down. The seller can contribute up to 6% of the buyers closing costs. Plus the buyer can get 100% of the down payment as a gift from a family member. So it is possible for someone to buy a home with an FHA loan with NO money out of pocket.
Below is a break down of the new FHA loan limits as of March 6, 2008.
- One - Family - $316,250
- Two-Family - $404,850
- Three-Family - $489.350
- Four-Family - $608,150
Both Tyler and Todd are FHA experts and have helped many Tucson folks purchase a home using FHA financing. Give us a call today so we can help you purchase a home with as little as 3% down.
For more information visit www.hud.gov
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