Arizona Mortgage >> AZ Home Loans http://azwm.com A Phoenix, AZ Mortgage Company Wed, 22 Feb 2012 20:43:11 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Second Home Criteria http://azwm.com/02/home-criteria.html http://azwm.com/02/home-criteria.html#comments Wed, 22 Feb 2012 20:43:11 +0000 AZWM TEAM http://azwm.com/?p=2742 Jumbo Home

Are you looking to purchase a second home in Arizona?  Here are the guidelines:

  1. 90% loan to value ratio
  2. Minimum 620 middle fico score
  3. Maximum debt to income ratio is 42%
  4. Fixed rate only

Arizona Wholesale Mortgage Inc. offers the following loan products:

  1.  Fha Loans
  2.  203 K Loans
  3.  Reverse Mortgages
  4.  Conventional Loans
  5.  Conforming Loans
  6.  NonConforming/Jumbo Loans
  7.  Va Loans
  8.  Fannie Mae Home Path
  9.  Fannie Du Refi Plus
  10.  Freddie Mac Relief Refi
  11.  Obama Refinance Program- Harp 1.0 & Harp 2.0

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998. We are now serving the state of Arizona and New Mexico.

 

]]> http://azwm.com/02/home-criteria.html/feed 0 Harp 2.0 Investor Update http://azwm.com/02/harp-2-0-investor-update.html http://azwm.com/02/harp-2-0-investor-update.html#comments Wed, 22 Feb 2012 20:36:40 +0000 AZWM TEAM http://azwm.com/?p=2739 Today rumor has it that many investors are still on the fence deciding whether or not they will be buying the Harp 2.0 loans.  Don’t worry we already lenders who are currently onboard with this program.  By the way rates are very attractive.

Arizona Wholesale Mortgage Inc. offers the following loan products:

  1.  Fha Loans
  2.  203 K Loans
  3.  Reverse Mortgages
  4.  Conventional Loans
  5.  Conforming Loans
  6.  NonConforming/Jumbo Loans
  7.  Va Loans
  8.  Fannie Mae Home Path
  9.  Fannie Du Refi Plus
  10.  Freddie Mac Relief Refi
  11.  Obama Refinance Program- Harp 1.0 & Harp 2.0

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998. We are now serving the state of Arizona and New Mexico.

]]> http://azwm.com/02/harp-2-0-investor-update.html/feed 0 Payroll Tax Cut Takes The Toll On Fha Loans http://azwm.com/02/fha-loans.html http://azwm.com/02/fha-loans.html#comments Wed, 22 Feb 2012 15:55:49 +0000 AZWM TEAM http://azwm.com/?p=2735

Rumor has it that we maybe seeing an increase in fha premiums very soon to cover the payroll tax cut expense.  It is estimated that the increase maybe anywhere from 10 basis  to 25 basis points.  What does this mean?  Well for starters it’s going to make obtaining a conventional loan much more cost effective. Conventional loans only require five percent down payment with a high enough fico score.  There is no upfront MI on a conventional loan.  Your monthly payment is caculated on your actual loan amount  unlike  an fha loan.  Also, the monthy MI is alot cheaper on an fha loan.  Although, the debt to income ratios are tighter on a conventional loan your total monthly payment is actually cheaper.  Well, don’t take my word.  Do  the math and see for  yourself.

Arizona Wholesale Mortgage Inc. offers the following loan products:

  1.  Fha Loans
  2.  203 K Loans
  3.  Reverse Mortgages
  4.  Conventional Loans
  5.  Conforming Loans
  6.  NonConforming/Jumbo Loans
  7.  Va Loans
  8.  Fannie Mae Home Path
  9.  Fannie Du Refi Plus
  10.  Freddie Mac Relief Refi
  11.  Obama Refinance Program- Harp 1.0 & Harp 2.0

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998. We are now serving the state of Arizona and New Mexico.

]]> http://azwm.com/02/fha-loans.html/feed 0 New DU Release Implementation http://azwm.com/02/du-release-implementation.html http://azwm.com/02/du-release-implementation.html#comments Tue, 21 Feb 2012 22:21:49 +0000 AZWM TEAM http://azwm.com/?p=2732 Fannie Mae upgraded its system this weekend to include new loan limits for all fha and va loans.  Fha county loan limits will be effective through the end of 2012.  Va loan limits will remain in effect until further notice.

Remember FHA loans require 3.5% down payment while VA loans do not require any down payment at all.   Va loans do require a middle fico score of 620 or higher.  On a VA refinance you will need a middle fico score of 640 or higher.  On an FHA refinance you will also need a middle fico score of 640 or higher.

 

]]> http://azwm.com/02/du-release-implementation.html/feed 0 Living In Arizona http://azwm.com/02/living-arizona.html http://azwm.com/02/living-arizona.html#comments Tue, 21 Feb 2012 22:07:11 +0000 AZWM TEAM http://azwm.com/?p=2725

While many of you across the country are still experiencing cold weather like the above picture, we in Arizona are starting to see warmer weather.  In the Phoenix area, the weather doesn’t stay cold for very long.  Our cold weather is comparable to your October, March, or April weather.  If you are sick and tired of staring out your window and seeing nothing but gray dreary weather, than think about moving to Arizona where the sun shines almost all year around.

Arizona Wholesale Mortgage Inc. offers the following loan products:

  1.  Fha Loans
  2.  203 K Loans
  3.  Reverse Mortgages
  4.  Conventional Loans
  5.  Conforming Loans
  6.  NonConforming/Jumbo Loans
  7.  Va Loans
  8.  Fannie Mae Home Path
  9.  Fannie Du Refi Plus
  10.  Freddie Mac Relief Refi
  11.  Obama Refinance Program- Harp 1.0 &  Harp 2.0

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998. We are now serving the state of Arizona and New Mexico.

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