FHA Loan Increases for Prescott Arizona

10Mar08
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.
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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