Fha Loan Limists Raised In Maricopa County

The Fha mortgage loan limits have been raised across the country. In Arizona, Maricopa County went from just over $270,000 to over $346,000. This should more people be able to buy more expensive properties. We need to reduce the real estate inventory if we are ever going to stabilize housing prices. Too much supply and not enough demand. I think the next step is to raise the conforming loan limits as well as allow people who have a good payment history to refinance even if they are upside down. Obama seriously needs to take a look at this as well as bringing back some of the down payment assistance programs like Nehemiah or Ameridream.

What is Nehemiah?

How do you get Free Money

How do you get free money? You can get free money to buy a home from the Ameridream corporation. You can get up to a 10% gift of the purchase price. You never get it back and its yours to keep. All you need to do is ask you loan officer to enroll you in the Ameridream program. It is that easy. The only kicker is that it will only work for an fha loan.

How do I get free money

What is Ameridream?

Ameridream is a non profit company that helps low to moderate income individuals or families by a home by providing down payment assistance. The Ameridream dpa program has been setting the standard for which all other down payment assistance programs strive to be. To get the Ameridream cash assistance, you must find a seller that is willing to participate in the program. The seller pledges money from the proceeds of the sale to the Ameridream foundation. In exchange Ameridream will gift the buyer the down payment needed for the FHA financing. Typically it is 3%.

More info on Ameridream