Phoenix, Arizona
On March 6th, 2012 HUD announced FHA Mortgage insurance changes – below are the changes and dates you need to know… Bad news for purchases – good news for eligible refinances! Click here for full mortgagee letter – see below for summary. Increase to both upfront mortgage insurance and annual mortgage insurance for purchases:…
Acting Federal Housing Administration (FHA) Commissioner Carol J. Galante will extend FHA’s temporary waiver of the anti-flipping regulations that was set to expire at the end of this year through December 31, 2012, unless otherwise extended or withdrawn by FHA. FHA flips and what you need to know Click here to see the original waiver.…
The purpose of this article is to articulate some of the most common benefits of utilizing a FHA loan to finance a home purchase in Phoenix. The first bolded sentence is what many real estate professionals believe to be truth. Phoenix FHA mortgage interest rates are higher than conventional. With tiered FICO pricing on conventional loans, FHA loan rates can actually be lower…
So you’ve decided that you want to buy a home in Phoenix, AZ. Besides the many advantages to living in the Valley, interest rates reaching all-time lows coupled with the recent plunge in home prices make Phoenix a very affordable and attractive option. Nowadays, it is actually cheaper to purchase a home in the Phoenix…
You've been pre-qualified for a 3.5% down-payment, FHA home loan, to buy the house of your dreams in Arizona. You and your Realtor have searched for months and finally narrowed it down to one home. It's a short-sale located in beautiful Phoenix, AZ. This is the ideal location; not too far from your office, great schools for the kids, plus terrific dining…
Phoenix home buyers looking to take advantage of favorable interest rates, reduced home prices, and a low down payment should consider an FHA loan when buying a new home in which to live. The Federal Housing Administration (FHA) is a part of the U.S. Department of Housing and Urban Development (HUD). Since FHA loans are insured by the government,…
