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 […]
What is the LTV Ratio?
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 […]
2017 FHA Loan Limits in Arizona
2017 FHA Loan Limits in Arizona Homes for Sale in Phoenix AZ by Price Range Homes for Sale Under $100,000 Homes for Sale $600,000 – $700,000 Homes for Sale $100,000 – $200,000 Homes for Sale $700,000 – $800,000 Homes for Sale $200,000 – $300,000 Homes for Sale $800,000 – $900,000 Homes for Sale $300,000 – […]
Home Possible Mortgage by Freddie Mac
Home Possible Mortgage – Up to 97% Financing Home Possible® mortgages is a mortgage program offered by Freddie Mac. Home Possible is a responsible, 3% to 5% down payment solution for low-to moderate-income homebuyers or buyers in high-cost or underserved communities. Image by Tumisu from Pixabay Program Benefits: Low down payment. Up to 97% financing […]
ARM vs Fixed Rate Which Mortgage Is Better
First Time Home Buyer: ARM vs Fixed Rate Which Mortgage Is Better When Buying Home in Phoenix AZ? If you are thinking of buying a home in Phoenix area, chances are you’re debating on whether to get an adjustable-rate mortgage (ARM) and a fixed-rate mortgage. So what’s the difference between them and which one is […]
AmeriFirst Financial 100 Program
AmeriFirst Financial 100 Program – 0% Down Payment Home Buying Program Introducing AmeriFirst Financial 100 program allows buyers to get into a home with as little as 0% down. Buyers may qualify with as low as 620 credit score. Program Highlights: Qualifying income up to 150% of the area median income Second mortgage 0% interest […]
3 Percent Down Payment Buying Home Phoenix
Conventional Loan with 3 Percent Down Payment Buying Home Phoenix In an attempt to attract more first time home buyers, several banks and mortgage brokers are offering lower 3 percent down payment program for a mortgage. This is a lower down payment than FHA financing, and these loans also usually have lower private mortgage insurance […]
Buying a House with FHA Loan in Phoenix AZ
What you need to know when buying a house with FHA loan in Phoenix AZ Home buyers today don’t often buy homes with 20% down payment. Low and no down payment mortgages remain popular with first-time buyers and repeat buyers and one of the most popular low-down payment mortgage program is the FHA loan. Read […]
Which mortgage is right for you when buying a home in Phoenix AZ
FHA Loan vs Conventional Loan Which Mortgage is right for you when buying a home in Phoenix AZ? There’s no one-size-fits all when it comes to real estate mortgages. It depends on your situation and comfort level when paying for mortgage. For some borrowers a Federal Housing Administration-insured aka FHA loan will win hands down; […]
Down Payment Assistance Program Phoenix AZ
Down Payment Assistance Program Available for Buying House in Phoenix AZ Some homebuyers may not know that there are programs available that require no down payment or a very low down payment when buying a home in Phoenix Arizona area. There is still a government grant that provides down payment assistance/closing cost assistance for potential […]
