Arizona FHA Mortgage Information
The Arizona FHA mortgage has become a popular option for both first-time home buyers as well as people who just don’t quite fit into a “conventional loan” for various reasons. Due to constricting guidelines, many homeowners are turning to the Arizona FHA mortgage programs which offer low interest rates and 30 year fixed rate programs.
Arizona FHA Mortgage: Buying A Home
When buying a home, many people are using an Arizona FHA mortgage not only because of the low down payment options and low interest rates, but because the Arizona FHA mortgage programs allow borrowers with less than perfect credit to qualify for a loan as well.
Some of the highlights of the Arizona FHA mortgage program when buying a home include:
- 3.5% down payment
- Low closing costs
- Fixed rates available
- Up Front Mortgage Insurance required
- Seller paid closing costs allowed
Arizona FHA Mortgage: Refinancing
For those people who are currently have an
Arizona FHA loan, FHA has made it easier than ever to refinance into lower interest rates when they are available through the
Arizona FHA streamline program.
Arizona FHA Mortgage Limits For Select Counties
Arizona FHA Mortgage limits for Maricopa county for 2009 are:
- One Family Home – $346,250
- Two Family Home – $443,250
- Three Family Home – $535,800
- Four Family Home – $665,850
Arizona FHA Mortgage limits for Pinal county for 2009 are:
- One Family Home – $346,250
- Two Family Home – $443,250
- Three Family Home – $535,800
- Four Family Home – $665,850
Arizona FHA Mortgage limits for Pima county for 2009 are:
- One Family Home – $316,250
- Two Family Home – $404,850
- Three Family Home – $489,350
- Four Family Home – $608,150
Arizona FHA Mortgage limits for Coconino county for 2009 are:
- One Family Home – $450,000
- Two Family Home – $576,050
- Three Family Home – $696,350
- Four Family Home – $865,400
Arizona FHA Mortgage limits for Yavapai county for 2009 are:
- One Family Home – $390,000
- Two Family Home – $499,250
- Three Family Home – $603,500
- Four Family Home – $750,000