The conforming loan limit is rising, and that could benefit you greatly.
In Arizona, the conforming loan limit has gone from $647,200 to $715,000 for 2023. What does that mean? Now a conventional loan can be financed up to that higher price. In a nutshell, you can get a bigger house without having to go with a jumbo loan, which has worse terms, and forces you to put more money down. This is a big benefit for homebuyers in Arizona in the upcoming year.
If you have any questions about this, please don’t hesitate to reach out. Call or email me anytime. I look forward to hearing from you!
