FHA Increases Loan Limits for Prescott : Vicki Brannock's Real Estate Cafe

Vicki Brannock's Real Estate Cafe

Mar. 10, 2008 - FHA Increases Loan Limits for Prescott

FHA Loan Increases for Prescott Arizona

FHA has increased the loan amounts for homes purchased in Prescott.

New limits are:

$390,000 for a single family home (previous $271,000)

$499,250 for a two family home (previous $347,000)

$603,500 for a three family home (previous $419,400)

$750,000 for a four family home (previous $521,250).

This is great news for those looking to purchase with a low down payment (FHA currently requires a 3% down). Check with your local lender to find out details. If you don't have a lender familiar with FHA you won't do much better than Laurie Moore of Guarantee Mortgage.

If you are looking to see limits outside of Prescott check out the HUD FHA limits page.

To learn more about FHA vist the government website at: http://www.hud.gov/fha/

Vicki Brannock
Realtor, e-PRO, ABR
928.583.0762 (direct)
866.219.8252 (toll free fax)
vicki@Prescott-RE.com
www.Prescott-RE.com

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View more entries tagged with: Loan, Fha, Prescott, Arizona, Vicki Brannock

Apr. 5, 2008 - RE: FHA Increases Loan Limits for Prescott

Posted by Vicki Brannock

Thanks Brandon for pointing out the correct government page for FHA. I have placed it in the post!

Vicki

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Dishing it up- information and opinons on market trends, issues, technology and advances in Real Estate and related industries by Vicki Brannock, e-pro, ABR. Comments are Encouraged! Please note comment area below each post.