FHA Limits Lowered as of October 1

FHA loan limits for Maricopa County have gone down from $346,250 to $271,050 as of Oct. 1st . Congress raised the conforming loan limits in 2008 and has extended them annually through 2011, but no action was made to meet the Sept. 30 deadline, therefore, the limits have decreased.

The effect on the marketplace began in August when major lenders stopped approving jumbo loans in anticipation of the decrease in loan limits. With the lower limits, many buyers will now have to put down at least 20 percent compared to the 3.5 percent previously available to them.

Despite the drop in conforming loan limits it is still a good time to purchase a home as rates are still extremely low. According to Freddie Mac, the average on a 30-year fixed mortgage fell to 4.01 percent from 4.09 percent this week.

If you have any questions, please don’t hesitate to give me a call! 602-318-5341

Cave Creek Film Festival Call for Entries

The Town of Cave Creek is taking entries for their annual Film Festival . The theme this year is “Our Community Through Your Eyes”.


Turn your mind’s eye to a personal experience or memento that is stirred by this diverse community. Are there interesting locations or features that appeal to you? Put your creative energy to work and submit your ten minute or less film.

There is a Youth Category and an Adult Category each eligible for cash prizes!

All films which comply with Festival guidelines will be shown at the Taste of Cave Creek, Wednesday and Thursday October 5th and 6th.

www.cavecreek.org for more information.

Count Your Blessings!

We have much to be thankful for:

If you woke up this morning healthy ... you are more blessed than the million who will not survive this week.

If you have never experienced the danger of battle, the fear and loneliness of imprisonment, the agony of torture, or the pain of starvation ... you are better off than 500 million people in the world.

If you have food in the refrigerator, clothes on your back, a roof overhead and a place to sleep ... you are more comfortable than 75% of the people in this world.

If you have money in the bank, in your wallet, and spare change in a dish someplace ... you are among the top 8% of the world's wealthy.

If you can read this, you are more blessed than over two billion people in the world who cannot read at all.

If you have friends and family who love and care for you, there is no comparison.

Let's be THANKFUL this day and every day!