Buying power has just gone up in Maricopa County. Tom Ross is here with the latest news.
Selling a Phoenix Home? Check out our FREE Home Value Report
I’m back once again with my preferred lender, Tom Ross of Bay Equity, to give you guys some important new information about mortgage loan limits here in Phoenix. Some big changes have come out this last week and we wanted to explain what was going on to you guys.
Fannie Mae and Freddie Mac have both raised their loan limits for conventional financing to $453,100 in Maricopa County. What this means is that you can essentially buy a $477,000 home with only 5% down.
It’s a big assist to the buying power of anybody who is looking to buy a home with conventional financing. It opens up the market a bit more as well.
If you have any interest in buying a home or just want to know more about these loan increases, give us a call or send us an email. We would love to hear from you.