New FHA Financing Limits and New Sabino Mountain Home for Sale

Effective January 1, 2009 the new FHA loan limits have gone down from $316,250 to $271,050, and the downpayment will be 3.5% up from the current 3% downpayment requirement. So if you or your family are looking for a home in this price range, don’t hesitate any longer and give me a call at 520-615-2598 to start looking.

In Sabino Mountain the current lowest price house is listed at $375,000 on 4326 N Sunset Cliff Drive; it is a Monterey -built one-story home with 3 bedrooms and 2 1/2 baths; has 2,074 square feet; upgrades include Corian counters, cherry cabinets, gas range, 18″ diagonal tile floors and more. Even though Sabino Mountain homes are not priced as low as homes utilizing FHA financing, there still is plenty of mortgage money out there to those with good credit scores.

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