2021 Conventional Loan Limit Increase about 7.5 Percent
Starting 1/1/2021, the 2021 conventional loan limit in Arizona Maricopa County for single-family properties will be $548,250, increased about 7.5% from up from $510,400 in 2020. This means first time home buyers using (3% down payment) can buy at a maximum purchase price of about $565,200! This is great news for Arizona home buyers planning to use the conventional loan to buy a home in 2021.
Wondering how much house you can afford?
Click here to access the Mortgage House Payment Calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.
Phoenix AZ Housing Market Trends Report
View Phoenix AZ Housing Market Report. The data used this Phoenix AZ Market Report is consolidated from multiple sources and includes current listings, recent sales, inventory, market changes and more. Whether you are a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.
Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.
If you are looking to buy or sell your home in Phoenix AZ and surrounding area, we hope you will consider us. Contact us today for complimentary consultation.
New Listing in Last 24 hour Phoenix AZ
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