Assessed Value and Market Value in Tucson

FHA Loan Limits Changing in Tucson

November 19, 2008

FHA loans are becoming much more popular due to the low down payment amount needed when purchasing a home - in the 3-3.5% range, plus a one time fee which brings the down payment to under 5% - but loan limits are going back down in 2009.

Right now, you can buy a home with an FHA loan and finance up to $316,250, which covers a huge portion of the homes for sale in Tucson. However, starting in 2009, loan limits go back down to $271,050. That means anyone looking to buy a home with an FHA loan is looking in the $275k range and less.

The Daily Mortgage Report genius Dan Green covers it here.

Curious as to how many homes are available to those FHA home buyers in Tucson under $275k? Wonder no more. I have charts. Lots and lots of charts. Like this one:

You can also see this chart on the Stats page, from which you can explore the price distributions for each part of Tucson.

tags: fha, home loans, real estate, tucson

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