2023 Conventional Loan Limit in Arizona Starting January 1 2023, the 2023 conventional loan limit in Arizona Maricopa County for single-family properties will be $726,200. This means home buyers using (3% down payment) can buy at a maximum purchase price of about $748,659! This is great news for Arizona home buyers planning to use the […]
2023 FHA Loan Limit Arizona
2023 Arizona FHA loan limit The department of Housing Urban Development (HUD) announced an increase FHA loan limit in Arizona for 2023. Starting January 1 2023, the new 2023 FHA loan limit in Arizona for single-family properties in Maricopa county will be $472,030!!! Which means that the minimum purchase price with 3.5% down will be […]
What You Need to Know About Post Possession
What You Need to Know About Post Possession In current market conditions in Phoenix area, we seen seeing more and more sellers are asking for post possession when selling their home. Post possession is when seller asks the buyer for permission to remain in the home for a short period after the close of escrow. […]
Buying Home with Hauled Water System
What you need to know when buying a home with hauled water system Hauling water is not uncommon in many parts of Arizona. Typically, these hauled water systems are used for homes that are not connected to either a city/private water system or private well. What is hauled water system The basic components of the […]
What is Inspection Contingency?
What you need to know about inspection contingency when buying a house in Arizona? One of the important task or process of buying a house in Arizona is home inspection. Because inspection is so important, Arizona Department of Real Estate has include inspection contingency clause into standard Arizona Residential Purchase Contract section 6. Inspection contingency […]
What is Appraisal Contingency?
Down Payment Need to Buy a House
Buying House with Bad Credit
How to Buy a House with Bad Credit? Buying a house with bad credit or low credit score can be challenging, but it’s not impossible. Buying a house requires having money for a down payment, a solid credit profile and a steady income. You will also need to meet the lender’s minimum credit score requirements. […]
FHA Appraisal Checklist
What is Mortgage Preapproval?
What is mortgage preapproval when buying a house in Arizona? As you search for a home, getting pre-approved for a mortgage can be an important step to take. It can be hard to shop for a home without knowing how much you can afford. Mortgage preapproval lets you shop smarter and make stronger offers. Let’s […]