Mini Mortgage Questionaire
Posts By Paul Dunn
Refinance USDA Rural Home Loan
Why It’s Time to Refinance Your USDA Rural Home Loan.. Now..
Many Arizona home owners who have existing USDA Rural Home Loan may be eligible for the program allowing for a Streamlined Refinance of their existing USDA Rural Home Loan into a lower fixed rate monthly payment.
But waiting a few more [...]
The FHA Streamline Refinance without an Appraisal and without a Credit Score
The FHA Streamline Refinance has changed quite a bit since HUD issued the HUD Mortgagee Letter 09-32. So we have revised our FHA Streamline Refinance programs for new loans to fit properly and to provide the most benefit to our borrowers.
There are many changes, [...]
What’s the best USDA Rural Home Loan, the Guaranteed USDA Rural Home Loan or the USDA Direct Loan?
It’s important to note that the USDA Rural Home Loan is gaining enormous popularity in Arizona. Primarily because it allows home buyers in qualifying areas to purchase a home with absolutely zero down payment and without the added [...]
What The USDA Rural Loans Underwriter Looks For When You Apply… Part 1
This is a three part series where we will look at the 3 factors that a USDA Rural Development underwriter will look at when reviewing your file for loan approval. If you have questions that are not addressed here specific to USDA Rural [...]
USDA Loans ARRA Refinance Funds NOW Available!
The USDA released a Notice of Funding Availability for USDA Loans Refinance Assistance under the American Recovery and Reinvestment Act of 2009.
USDA Loans Refinancing by using ARRA funds is more restrictive than typical USDA Loans.
USDA Loans ARRA Refinance Requirements:
The new USDA Loans must have an interest rate at least [...]
USDA Rural Development monthly mortgage payments
Did you know that for the same loan size and a similar rate that the USDA Rural Development Home Loan will ALWAYS have a lower payment than FHA? Sometimes the USDA Rural Development payment will be substantially lower.
Let’s talk rates and payments…
When most people shop for a USDA Rural Development [...]
The $8000 First Time Home Buyer Tax Credit is set to expire soon and is available for Rural USDA Loans. The deadline to fund your home is November 30th. That isn’t even 60 days from today to qualify for the Home Buyer’s Tax Credit.
The average AZ Mortgage is taking 35-45 days to close.
The [...]
The Rural USDA AZ Mortgage – How to find Tucson property that qualifies
How do you know if the real estate you are looking at in Tucson AZ, qualifies for the now popular Rural Development USDA Tucson Loans? Let’s take a look at a few ways to find out if the AZ Mortgage for the [...]
