Arizona Refinance Rates

Arizona refinance rates are explained here.  Need an Arizona refinance?  We offer low home mortgage rates on all our loan products.  Interest rates are low so you might want to take advantage of a low home mortgage rate now before the rate hike.

First all, do you have an FHA loan?

We can do an Arizona refinance on an FHA streamline refinance without an appraisal.  On this loan product there is very little loan documentation.  We don’t even need an appraisal.  We do however, need a copy of your old note with the current lender.  If you don’t have it, we can call and obtain it for you.

Secondly, do you have an VA loan? 

We can do an Arizona refinance on a VA streamline refinance without an appraisal.  We can refinance your loan with a fico score as low as 580.  However, guidelines are subject to change so call us first ask what is the lowest middle fico score your lenders will take on a VA streamline refinance without an appraisal.  Like the FHA streamline loan, very little loan documentation is required.  VA loans do not require mortgage insurance.  However, they do charge an upfront funding fee.  You can roll The cost of this into the loan which does affect your payment.

Thirdly, do you have a Conventional loan? 

Conventional loans for the most part will require an appraisal to obtain a refinance or a cash out.  There are a few exceptions though to the rule.  If your loan to value is less than 80%, if you have a high fico score, and lots of assets in the bank, then it is possible for Fannie Mae Desktop originators system to come back with the findings stating that an appraisal has been waived.  We have seen this even on purchases.  I actually had a loan that was a 20% down investment property loan with 800 fico scores and lots of assets in the bank.  They got the waiver and we were able to close on their new home purchase in half the time.

Need cash out on a Reverse mortgage?

Reverse mortgages maybe a good option for some borrowers who have equity in their home but need cash to live on for awhile.  They offer great alternatives.  Do you need someone to come out to your home and explain the reverse mortgage process to you?  No problem.  We come to you.

What are our rates?

Since rates change daily you need to call our office for a rate quote. We will need your loan amount, estimated fico score, and the estimate value of your property.  Then, we will send you a rate quote.  Don’t delay!  Rates are definitely going up in December so take advantage now and start saving money today.

Article 1: Arizona Refinance Rates