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FHA Limits Increased for Pima County - Tucson, Arizona
FHA announced on February 27, 2009 that loan limits in Pima** County have increased from $271,050 to $316,250.
The required down payment remains at 3.5% which is lower than what is required for conventional loans, which
typically require a 20% downpayment.
If the home you are interested in is less than $316,250, and you don't have a significant amount of
money to put down on a home, then you should consider an FHA loan.
As a general guideline, your monthly home payment should not exceed 28% of your income.
**Note: Pima County includes Tucson, Green Valley, Sahuarita, Marana, Oro Valley, Vail,
Catalina, Mt Lemmon, Redington, and Ajo.
For more information:
HUD - Federal Housing Administration
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