2009 FHA Loan Limits
2009 FHA loan limits. The 2009 FHA loan limit is $271,050 for all counties in AZ, excluding Coconino. The limit in Coconino is $333,500. This includes popular areas such as Maricopa and Pinal counties.
Fannie Mae and Freddie Mac 2009 Loan Limits
Both Fannie Mae and Freddie Mac have the same loan limits for 2009. With the exception of Coconino, all counties in AZ will remain at $417,000. The Coconino limit will be $450,000. In high cost areas like San Diego and Orange County it will be $625,500.
Freddie Mac has announced the following changes to become effective for all loans after February 2, 2009. (Lenders may however implement the changes in advance)
Freddie Mac will no longer purchase loans with stated income/stated assets. This eliminates Accept Plus findings in LP. The maximum DTI will be at 45%.
For more information, please contact Ann Adams and Associates at 480-777-3414.