Information On A Phoenix Mortgage:

Do you need a Phoenix mortgage?  We offer home mortgage loans through the entire state of Arizona.

As An Arizona Phoenix mortgage broker we offer low rates on all low products in the state of Arizona.  We shop for the lowest rates everyday from the East coast to the West coast to help save you money.  If there’s a lower home mortgage rate, we will find it for you.  Our loan products include Jumbo loans, Conventional loans, VA loans, FHA loans, Reverse Mortgages,  203k loans, and Commercial loans.

Secondly, we also offer a new product which is a hybrid between a conforming loan and a hard money loan.  Thirdly, for self-employed borrowers, you can qualify off your bank statements for the last twenty four months.  The interest rate is not as high as a hard money loan but not as low either as a conforming loan.  Lastly if you have had a previous short sale, foreclosure, or bankruptcy they  overlook this in exchange for a higher interest rate.  Therefore, if you are self-employed and filed bankruptcy last year, you can still qualify for this loan program.  For more information call our office directly.

Don’t Have Down Payment Money?

For those of you who don’t have a lot of down payment money, if you have VA benefits you would be better off to apply for a VA home mortgage loan. VA home mortgage loans do not require any down payment nor do they have any monthly mortgage insurance.  VA loans do not pay a monthly mortgage insurance premium which is a huge savings.

USDA Rural Housing Loan

Want to purchase a home in the rural area, then you might want to consider a USDA Rural housing loan.  To qualify, you must purchase a home in a rural area. You need a middle fico score of 620 or higher.  This program is also income driven based on the county code.  To obtain information on this program, you can go directly to the USDA Rural Housing website or call our office and speak directly with a USDA Rural housing specialist.

If  you who need a loan program that has more lenient debt to income guidelines, you will want to consider an FHA loan.  The maximum loan amount varies by county code.  FHA loans only require a down payment in the amount of 3.5% of the purchase price.



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