By Catherine Reagor | The Arizona Republic
Many first-time homebuyers in metro Phoenix are struggling to find houses in their price range.
It doesn’t help they can borrow less to buy with an FHA loan than first-timers in other cities where home prices are lower.
The Federal Housing Administration released new loan limits for new buyers in metro areas across the U.S. last week. Several cities, including Jacksonville, Fla., and Indianapolis, where home prices are lower than in the Valley, got increases in their FHA loan limits.
