Starting 1/1/2022, the new 2022 FHA loan limit in Arizona for single-family properties in Maricopa county will be $420,680!!! Which means that the minimum purchase price with 3.5% down will be about $435,937.
Starting 1/1/2022, the 2022 conventional loan limit in Arizona Maricopa County for single-family properties will be $647,200. This means home buyers using (3% down payment) can buy at a maximum purchase price of about $667,216!
When buying a home in Phoenix AZ, home buyer must determine how they wish to hold title before they can close the escrow. Arizona is a Community Property State. There is a statutory presumption that all property acquired by husband and wife is community property. Read common ways to Take Title when Buying a House in Chandler AZ
The typical sale of a home today involves more than 20 steps and different people with different skills and expertise working together towards making sure that the transaction goes smoothly. Read some of the key people involved in a real estate transaction.
What is buyer’s agent in real estate transaction? Who Represents home buyers? NOBODY… unless you hire buyer’s agent to work with you.
What is Private Mortgage Insurance? Private mortgage insurance is an actual insurance policy issued by an private insurance company that benefits your lender.
One of the biggest shocks of buying a home is finding out that you need way more out of pocket cash to close on a house than just a down payment. Read what other fees needed to buy a house in Arizona.
What is Title Insurance? Title insurance your rights and interests to the property.
What You Need to Know About Insurance When Buying a House? Read various types of insurance required in the average real estate transaction.
Read What is closing cost when buying a home in Chandler AZ. Contact Swee Ng (480) 721-6253 for you real estate needs in Chandler AZ.