Well in case you haven’t heard the payroll tax cut is being funded by the Fannie Mae and the Freddie Mac $33 billion dollar fund.  I was just as shocked as everyone.  I woke up Friday morning and read the Arizona Republic article.  Like many of you, I sat their stunned and just reread the article a few times to make sure I read it correctly.  YEP!  Turns out the article written by the Arizona Republic was correct.  So you have to wonder how is the fund for Fannie Mae and Freddie Mac going to cover the payroll tax expense?  One could only assume that the cost of obtaining a mortgage is...

Arizona Wholesale Mortgage Inc. will be offering both the Freddie Mac and the Fannie Mae Harp 2.0 unlimited loan to value loans.  Freddie Mac loan rates are about .125 higher than Fannie Mae loans.  On Freddie Mac your debt to income ratio can’t exceed 45%.  Your  available  credit card balances can  not exceed 50%.  Please pay off your credit cards prior to applying. 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. Happy Holidays from Arizona...

Did you know that Arizona Wholesale Mortgage Inc. now offers 203K Fha loans for fico scores as low as 580?  We are now offering these loans for the state of Arizona and New Mexico. Arizona Wholesale Mortgage Inc. is a full service mortgage broker offering all types of loan products. 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. Happy Holidays from Arizona Wholesale Mortgage...

Only 12 more days and  the FHA Anti- Flipping rule will expire.  This rule is set to expire on December 31, 2011.  Last year HUD granted a temporary waiver of requirements of the Fha regulation 24 CFR 203.37a(b)(2) Fha Anti-Flipping rule.   What is the FHA Anti-Flipping rule?  Well for a short period of time it allowed new home purchases to obtain fha loans where the previous owner of the property had only been on title for less than 90 days.  Normally, one needed to wait 91 days or longer to obtain financing on a property.  So far we have not seen any news or headlines expressing the concern...

At Arizona Wholesale Mortage Inc., we beleive in educating our clients.  2012 Fha loan limit amounts are listed below by county for the state of New Mexico. County NameLoan Amount Bernalillo271,050 Catron271,050 Chaves271,050 Cibola271,050 Colfax271,050 Curry271,050 De Baca271,050 Dona Ana271,050 Eddy271,050 Grant271,050 Guadalupe271,050 Harding271,050 Hidalgo271,050 Lea271,050 Lincoln271,050 Los...