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Archive | December, 2016

Dec 12

Yuma Mortgage Loan Limits for 2017

Yuma Mortgage Loan Limits for 2017

It’s the end of the year, and mortgage lenders are updating their guidelines and loan limits for the new year.  For 2017, Fannie Mae and FHA have both updated their maximum loan amount limits.  Click the image for a printable full-size information sheet about Yuma and other Arizona county 2017 loan limits. The new FHA loan limit for 2017 is $275,665 in Yuma county.  You can get more if you buy a multi-unit property (like a duplex, triplex or 4-plex).  $352,950 for a 2 unit, $426,625 for a

Dec 8

FHA Loan Limits Increased for 2017

FHA Loan Limits Increased for 2017

The Federal Housing Administration (FHA) announced recently the agency’s new schedule of loan limits, and due to an increase in housing prices, most areas in the country will see a slight increase in loan limits in 2017.   The current loan limit in Yuma county is $271,050.  That will be going up to $275,665 in 2017.  That will get homebuyers about $285,000 with minimal down payment (3.5%).  Not bad! These loan limits are effective for case numbers assigned on or after January 1, 2017, and will remain in