Peoria Mortgage Rates
We offer low Peoria mortgage rates on all of our home mortgage loan products. We have been serving the city of Peoria, Arizona since 1998. Peoria Mortgage rates have slowly been heading up over the last few weeks.
If you have been thinking about a new home purchase or a refinance, now is the time to act before Peoria mortgage rates go up. Home mortgage interest rates have been low for quite some time. It’s not too late to refinance or to hurry up on that new home purchase.
We offer Jumbo loans, Conventional loan, FHA loans, VA loans, USDA Rural housing loans, Fannie Mae Homepath loans, Investment loans, Stated loans, Non-qm loans, Reverse mortgages, Harp loans which include both Fannie Mae and Freddie Mac. Down payment amounts, fico scores, debt to income ratios, and reserve requirements all vary depending upon the loan program. Therefore, please call our office for the most current guidelines or click on our home page for each of the different loan products.
Have you had a recent bankruptcy, short sale, or foreclosure? Have you been turned down by another lender? If you can put 20% down on a new home, we have a loan program for you. However, you must be able to put 20% down. The interest rate on this loan program is higher than a regular Conventional loan but cheaper than a hard money loan. It’s what I would call an in between loan product.
Do you own several investment properties? Do you write everything off on your tax return? We have a new Investment loan product can help you. The cash flow of the property determines your income not your tax return. To qualify though, your home must be at least 1200 square feet. That’s one of the investor loan guidelines and no they won’t make any exceptions.
Why Choose A Mortgage Broker?
As a mortgage broker we have the ability to shop around the country to find the lowest rate and the right loan program that works for you. We aren’t like Bank of America where we only offer the 30 year fixed for borrowers with good or excellent credit. To us it doesn’t matter if you have bad credit or have had a bankruptcy, short sale, or foreclosure. If you are willing to pay a higher interest rate then the banks are willing to lend. Why do I have to pay a higher interest rate? When, you have recently had a bankrtupcy, short sale, or foreclosure the banks rate you as a higher risk. After a few years, that risk goes down and as a result the banks offer a lower and more attractive mortgage rate.
For more information on our loan products, call 602-358-8717.