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Maybe just talk amongst the lenders and brokers in Phoenix, but word on the streets is that FHA is going to review their max loan amount. Adjusting the limit now which is $346,250.00 in Maricopa County to the Median home price, which is nearly around $150,000.00. I not a banker or lender but as a [...]
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A lot of people think that if you are buying a home these days you need 20% down, but you don’t, you only need 3.5% down if qualified through FHA financing. FHA loans are insured by HUD, so there is mortgage insurance, but you will be able to still buy a home with a very [...]
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