2024 Conventional Loan Limit in Arizona Starting January 1 2024, the 2024 conventional loan limit in Arizona Maricopa County for single-family properties will be $766,550. This means home buyers using (3% down payment) can buy at a maximum purchase price of about $790,257! This is great news for Arizona home buyers planning to use the […]
2023 Arizona Conventional Loan Limit
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 […]
Down Payment Need to Buy a House
2022 Arizona Conventional Loan Limit
2022 Conventional Loan Limit in Arizona Starting 1/1/2022, the 2022 conventional loan limit in Arizona Maricopa County for single-family properties will be $647,200. This means home buyers using (3% down payment) can buy at a maximum purchase price of about $667,216! This is great news for Arizona home buyers planning to use the conventional loan […]
FHA vs Conventional Loan
Should You Get a FHA or Conventional Loan? If you are in the process of buying a home in Arizona, you probably notice there are different loans program to choose from. The two most popular options for first-time home buyers are conventional and FHA loans. Each loan comes with a different set of qualifications, benefits […]
2021 Conventional Loan Limit in Arizona
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 […]
New Refinancing Fee Goes Into Effect December 1, 2020
If you plans to refinance their mortgage, look into doing it before December 1, 2020 As mortgage rate are in historic lows right now, many homeowner are considering refinance their mortgage. However, the cost of refinancing is poised to rise, depending on your lender and where you are in the application process. Starting on December […]
2020 Conventional Loan Limit in Arizona
2020 Conventional Loan Limit in Arizona by county Starting 1/1/2020, the 2020 Conventional loan limit in Arizona Maricopa County for one-unit homes will be $510,400, up from $484,350 in 2019. This means First time home buyers using (3% down payment) can buy at a maximum purchase price of $526,185! This is great news for Arizona […]
3 Percent Down Payment Buying Home Phoenix
Conventional Loan with 3 Percent Down Payment Buying Home Phoenix In an attempt to attract more first time home buyers, several banks and mortgage brokers are offering lower 3 percent down payment program for a mortgage. This is a lower down payment than FHA financing, and these loans also usually have lower private mortgage insurance […]
Which mortgage is right for you when buying a home in Phoenix AZ
FHA Loan vs Conventional Loan Which Mortgage is right for you when buying a home in Phoenix AZ? There’s no one-size-fits all when it comes to real estate mortgages. It depends on your situation and comfort level when paying for mortgage. For some borrowers a Federal Housing Administration-insured aka FHA loan will win hands down; […]