Arizona FHA Loan Benefits can help you buy a house now Arizona FHA Loans come with many benefits that you cannot find in other loan programs, they are exclusive to the FHA Loan program. So I’ve made up a list of 5 Top Benefits of the FHA Loan. Drum roll please….
Continue reading...Wednesday, December 15, 2010
Can Collections Prohibit You From Getting Into The USDA Loan Program?
Continue reading...Wednesday, December 15, 2010
In October, the F.H.A. set a minimum FICO score of 500 for borrowers who want an F.H.A.-insured loan — the first time a minimum was set. It also introduced a new minimum down payment of 10 percent for borrowers with FICO scores below 580.
Continue reading...Monday, September 20, 2010
5 Important Things To Know About An Arizona Refinance When doing an Arizona Refinance through the FHA Streamline Refinance program, there are 5 important factors that really make this work well for Arizona home owners. This version of the Arizona Refinance is helping people get into some crazy low interest rates, even if they owe
Continue reading...Wednesday, September 8, 2010
USDA Loan Guarantees Are Back Over the last several months, we have continued to fund USDA Loans in Arizona based on our ability to obtain a Conditional Commitment Letter from the local Rural Development Office. However, not all lenders have been willing to continue funding USDA Loans off of a Conditional Commitment Letter
Continue reading...Friday, March 19, 2010
Is the USDA BROKE? Last week the USDA’s national office in D.C.
Continue reading...Tuesday, November 24, 2009
USDA Loans ARRA Refinance Funds NOW Available! The USDA released a Notice of Funding Availability for USDA Loans Refinance Assistance under the American Recovery and Reinvestment Act of 2009. USDA Loans Refinancing by using ARRA funds is more restrictive than typical USDA Loans
Continue reading...Tuesday, August 4, 2009
Tucson FHA Mortgage Loan Tip There is an abundance of Arizona Bank Owned REO property on the Tucson MLS . Anybody planning on buying a home in Arizona using a Tucson FHA Mortgage Loan must know the following tip. A vacant Bank Owned or REO property will typically have all it’s mechanical systems turned off. Often for quite some time. Tucson FHA Mortgage Tip for purchase of Vacant Property: When an appraiser inspects the property they will check the utilities and mechanical systems as an FHA requirement. If they have been disconnected prior to the appraiser inspecting the property, to qualify for a Tucson FHA Mortgage Loan they will need to be turned on and the mechanical systems will need to be checked by a licensed contractor or qualified inspector. The contractor or inspector must certify that the systems have been turned on and are working properly. Planning appropriately with this Tucson FHA Mortgage Tip in mind will without any doubt save you time and frustration. Just imagine applying for a Tucson FHA Mortgage Loan for the purchase of a vacant bank owned property and all the utilities are off. You hire the appraiser who inspects the vacant property. The appraiser then will take the next several days to complete the appraisal report and then submit it to us(total time, 1-2 weeks) for your Tucson FHA Mortgage Loan . At this time your mortgage guy calls and tells you “the utilities are not hooked up. Get them hooked up and you’ll need to pay a qualified inspector to verify that all systems are working properly.” If that happens, you’ve added time and the additional inspector cost to the already lengthy process of home buying
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Tuesday, January 11, 2011
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