image of the Arizona Central Mortgage

Arizona Central Mortgage

7771 N Via Del Mundo Scottsdale AZ, 85258 | (480)424-7144

Blog of Arizona Central Mortgage all posts

subscribe
Arizona Mortgage & Real Estate News
Posted on:Sunday, December 18, 2016

2017 AZ Mortgage Loan Limits

More good news for those Buying, Refinancing, or Taking Cash Out of AZ Homes, as Conventional & FHA maximum mortgage loan limits are increasing throughout the State of AZ. Effective January 1, 2017, Conventional mortgage loan limits will be increasing equally throughout AZ, while FHA maximum mortgage loan limits will increase greater in Maricopa County AZ, and in Pinal County AZ, than all other AZ Counties.

Following are the maximum Conventional & FHA mortgage loan limits that are currently available in AZ, as compared to the maximum AZ mortgage loan limits that will be available, effective January 1, 2017:

2016 Max Conventional Loan limit in AZ: $417,000 vs. 2017 $424,100
2016 Max FHA Mortgage Loan Limit in AZ: Maricopa County AZ $271,050 vs. $279,450, Pinal County AZ $271,050 vs. $279,450,
All other AZ Counties $271,050 vs. $275,650.

"The general loan limits for 2017 have increased and apply to loans delivered to Fannie Mae in 2017 (even if originated prior to 1/1/2017). This is the first time the base loan limits have increased since 2006."

FHA "Forward mortgage limits for calendar year 2017 are effective for case numbers assigned on or after January 1, 2017."

Data Source:
https://www.fanniemae.com/content/announcement/ll1605.pdf
http://www.fhfa.gov/DataTools/Downloads/Documents/Conforming-Loan-Limits/FullCountyLoanLimitList2017_HERA-BASED_FINAL.PDF
http://portal.hud.gov/hudportal/documents/huddoc?id=16-20ml.pdf
http://portal.hud.gov/hudportal/documents/huddoc?id=limitsincreasedcy16.pdf

For mortgage related questions in AZ, please contact Steve Bernstein Direct at (480) 424-7144 or goto: www.GetSteveB.com, NMLS 1230169, Company NMLS 1443346.
Posted in:Arizona Mortgage & Real Estate and tagged: Arizona Mortgage,AZ Home loans,Homebuyers,FHA,Conventional
Originally Posted by Steve Bernstein on December 1st, 2016 10:39 PM


 
 
go

Back to Top