FHA Lowers Loan Limits

FHA lowers limits on loans, an article from azcentral.com, reports that starting in January the new FHA loan limit for Maricopa County will be $271,050. The current FHA limit in the Valley is $346,250. So, for anyone interested in using an FHA loan to purchase a home - now is the time to do it. Every Arizona county will see their FHA loan limit drop to $271,050, except Coconino, where it will be $333,750.http://www.azcentral.com/arizonarepublic/business/articles/2008/11/19/20081119biz-catherine1119.html

Please call or email me with questions.
Staci McCarville
480-778-2614
staci.mccarville@prospectmtg.com

Rates

30 year fixed 6.125%
15 year fixed 5.5%
5 year ARM 5.125%

FHA 30 year fixed 6.25%

Jumbo 30 year fixed 7.625%

Rates change often. Please call to get your personalized rate quote.

Staci McCarville
Indymac Bank
480-538-1402

Mortgage Rates

30 year fixed 6%
20 year fixed 5.875%
15 year fixed 5.5%
5 year ARM 5.25%

FHA 6.125%

Jumbo 30 year fixed 7.5%

Interest rates change many times a day and depend on many factors. Please call for a rate customized for your needs.

Staci McCarville
Indymac Bank
480-538-1402