Arizona FHA Loans
Just a few years ago, FHA loans weren’t that popular in Arizona because there were plenty of other low down payment loans available.
Now?
In Arizona, FHA loans are one of the most popular loan programs — and not just for first time home buyers.
Most people are aware that FHA doesn’t actually lend you money, [...]

Arizona USDA Loans
Over the last couple of years, the number of true 100% financing loan programs has dwindled down to just a couple. The USDA loan program is the most popular 100% financing loan program in areas in Arizona
Note that not all properties in Arizona qualify for the USDA loan program!
To find out if [...]

Everyone knows that there are many different kinds of mortgage programs – even if there aren’t as many today as there were just a few years ago.  Some of the most popular mortgage programs include:

FHA Loans
VA Loans
USDA Loans
Jumbo Loans
Conventional Loans

All of the above loan programs could be considered “vanilla” loan programs and here in Arizona, [...]

Now that subprime loans are a faint memory of the past, we often look to the FHA loans to fill in the void. Not that we miss those ugly sub primes all that much. But alas, FHA does provide a hearty loan for those who may have had a shaky credit past.  So, here are [...]

There are some major changes going into effect very soon regarding credit score requirements on FHA and VA loans. It used to be that on these loans you were able to qualify even if your credit score was below 620 – well it is becoming  apparent that more and more lenders are moving away from [...]

The New Year has been good to mortgage interest rates so far. Rates are hovering at 5.00% these days. This is just the beginning because the Fed just started buying mortgage papers from Fannie, Freddie. Today the Feds bought $10.2 billion worth and they have a target of buying up to $500 billion by the [...]

The Federal government has been very busy this past year and half or so enacting all kinds of legislation. Many changes have been made to mortgage finance tax law.  So many that it can be hard to keep track of everything, especially if you’re a first time homebuyer.  Don’t despair though. I came across a [...]

With all the press FHA loans has garnered recently we have received quite a bit of inquiry on this government insured mortgage. We have been able to qualify most who have contacted us, however, we’ve had to disappoint a few. The crazy thing is the reason for denial wasn’t even something related to the borrower. [...]

Recently I wrote about how a mortgage approval pretty much lives and dies through income verification these days. While it may seem like a dramatization it really is not, in fact its almost an understatement. This is because not only is income verification important but your employment history is equally important. I bring this up [...]

In the coming months you will hear a lot about “declining markets”. This is because both Fannie Mae and Freddie Mac along with all major mortgage insurance providers have introduced strict rules regarding such markets.
Staring January 15, all loans going to Fannie Mae will be subject to the decling markets guideline:
“Current home price trends indicate [...]