2017 Loan Limits Increased – Maricopa County
Good news for the Housing Market in 2017… loan limits throughout Maricopa County have been increased. With prices having been on the rise the past few years, this will help keep traditional financing methods in play.
For FHA borrowers, the new limit will be $275,665 up from $271,050 the past few years and conventional buyers now have $424,100 before moving into the jumbo category. While not enormous increases, they’re better than none.
The Phoenix Market is predicted to be one of the hottest in 2017… if you’ve been thinking about a move, we should talk to discuss your real options and plan in order for you to achieve all of your goals.