2019 FHA loan limit in Arizona by county The department of Housing Urban Development (HUD) announced an increase FHA loan limit in Arizona for 2019. The new FHA loan limit for one-unit homes in Maricopa county will be $314,827 in 2019, up from $294,515 in 2018. This is great news for Arizona home buyers planning […]
The Benefits of Using FHA Loan When Buying a House in Arizona Home buyers today don’t often buy homes with 20% down payment. Low and no down payment mortgages remain popular for buyer today. One of the most popular low down payment mortgage program is the FHA loan. So, what are the benefits of using […]
How credit scores affect interest rates when buying a home in Arizona? Most buyers are getting mortgage when buying a house in Phoenix. With mortgage, most buyer will pay attention on how much interest rate you are getting. When it comes to interest rates, your credit score can play a big part. Learn how even […]
The Home Loan Application Process – Mortgage Application Checklist When you apply for a home loan you will need to provide a number of documents. These documents verify a number of facts about your life, from your income to your debts and beyond. This checklist provide as a reference you should take when applying for […]
UPDATE: 2018 Pathway to Purchase Down Payment Assistance Program – Up to 10% Grant The Arizona Department of Housing (ADOH), in partnership with the Arizona Home Foreclosure Prevention Funding Corporation (AHFPFC), provides down payment assistance to qualified homebuyers purchasing a primary residence in 26 targeted zip codes in 12 Arizona Cities. The assistance is an […]
HUD Section 184 Native American Home Loan Program The Section 184 Indian Home Loan Guarantee Program is a home mortgage product specifically designed for American Indian and Alaska Native families, Alaska villages, tribes, or tribally designated housing entities. With Section 184 financing borrowers can get into a home with a low down payment and flexible […]
Hugh changes coming to Arizona Down Payment Assistance Program – January 2, 2018 Huge changes coming to Arizona Down Payment Assistance Program – Home in 5 and Home Plus down payment assistance program starting in January 2, 2018. Currently the Arizona Down Payment Assistance Program offer 5% grant of total loan amount to home buyer. […]
What’s my monthly mortgage payment for $300,000 house? If you are putting 3% as down payment with an interest rate of 4.5%, your monthly mortgage payment will be around $1,474.75. See Details… Keep in mind that this $1,474.75 is just Principal and Interest only. The payment does not include PMI, Property Tax, Homeowner Insurance and […]
What’s my monthly mortgage payment for $250,000 house? If you had a 30 years FHA loan with an interest rate of 4.5%, and paid $8,750 down payment (3.5%), your Mortgage Payment could be around $1,2221.38 a month. See Details… Keep in mind that this $1,222.38 is just Principal and Interest only. The payment does not […]
First Time Home Buyer: What is the LTV Ratio When Buying a House in Phoenix AZ? During the process of buying a house in Arizona, you most probably will hear the term LTV ratio. So, what is LTV ratio and why it is important for buyers? Image by Tumisu from Pixabay What is LTV? LTV […]
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