Are you looking to purchase a second home in Arizona?  Here are the guidelines: 90% loan to value ratio Minimum 620 middle fico score Maximum debt to income ratio is 42% Fixed rate only Arizona Wholesale Mortgage Inc. offers the following loan products:  Fha Loans  203 K Loans  Reverse Mortgages  Conventional Loans  Conforming Loans  NonConforming/Jumbo Loans  Va Loans  Fannie Mae Home Path  Fannie Du Refi Plus  Freddie Mac Relief Refi  Obama Refinance Program- Harp 1.0 & Harp 2.0 When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!  ...

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:  Fha Loans  203 K Loans  Reverse Mortgages  Conventional Loans  Conforming Loans  NonConforming/Jumbo Loans  Va Loans  Fannie Mae Home Path  Fannie Du Refi Plus  Freddie Mac Relief Refi  Obama Refinance Program- Harp 1.0 & Harp 2.0 When considering your next loan, consider...

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. ...

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.  

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:  Fha Loans  203 K Loans  Reverse Mortgages  Conventional...