Homes Are More Affordable Now in Phoenix

 


Buying power has just gone up in Maricopa County. Tom Ross is
here with the latest news.

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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. 



“

Your buying power has increased as a result.
”


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.