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Great news! FHA has increased Phoenix Area lending limits to $346250 from $271050
Maricopa was raised to $346,250. Pima County was raised from $271,050 back up to $316,250. Feel free to follow the link to HUD's website for all other counties in AZ. https://entp.hud.gov/idapp/html/hicost1.cfm 

This is welcomed news if you are looking to put down as little as 3.5% and for your sellers in these higher priced ranges. This will open up more properties that will be available for FHA financing.
Posted: Monday, March 09, 2009 7:13 AM by Dennis Balthazor

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