The new FHA Limit has increased in Maricopa County to $346,250.00 – Up from $263,150.00!!!Remember on FHA:
* No minimum credit scores required
* 3% down payment
* Non occupant buyers are allowed
* Owner occupied multi family ok
* Down Payment Assistance Programs are STILL available
* Seller can pay 6% in borrower’s closing costs and prepaids
We have the 203 (k) FHA REPAIR PROGRAM (currently due to our declining market, our borrower’s would have to have a down payment of 8% but down payment assistance programs are available)
New limits are as follows:
One Family- $346,250
Two Family- $443,250
Three Family- $535,800
Four Family- $665,850
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