If you are thinking of purchasing a new home and will be using FHA financing take note that as of January 1, 2014 the FHA loan limits will be changing. They are going to be much lower for the coming year.
In Maricopa County the current FHA loan limit is $346,250 but for 2014 it's going to drop down to $271,056. That is quite a drop!
To get the current loan limit you can close in 2014 but you need to have an FHA case number assigned by December 31, 2013 which means the countdown is on to find a new place and get an FHA case number assigned.
Call me today and lets find you an amazing place before you are no longer eligible to purchase under the current FHA loan limits!
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