Home Loans California & Arizona

VA Home loans in Surprise AZ, who does them

Veterans benefits in Surprise AZ extend way beyond the ability to receive disability payments or attend school for free to get a secondary education after discharge from the armed forces. Yet many veterans are not aware of the details defining their additional benefits, especially when it comes to the real estate for military members to purchase when they wish to join the homeowner ranks.

And, there are many ways for the personnel who have served in the armed forces to use their government-granted benefits that do not just fall into the home loan category. To start, individuals who belong to this group of home buyers will find that one main advantage they can enjoy is to obtain a veteran home loan with little or no money down.

Also, interest rates for veterans real estate loans are usually much lower than what the other folks who have not served their country are able to secure. Veteran mortgage loans are also not subjected to penalty fees if the borrower decides to attempt prepaying the loan, a condition that is not on the table for the non-combatants of the group.

In addition, the military home loan doesn't only have to be used for the purchase of a residence, as the acquired funds can also go towards making improvements within an existing home such as upgrading to energy efficient equipment or installing re-enforcers onto the property's foundation for better protection against the elements. Solar heating and solar cooling are other improvements that are commonly made when using a military home loan for reconstructive purposes.

VA Home Loans in Surprise Arizona Benefits:

  • 0 Down Payment- VA Loans are among the last 0% down home loans available on the market today.
  • No PMI- Since VA Loans are government backed, banks do not require you to buy Private Mortgage Insurance.
  • Competitive Interest Rates- The VA guaranty gives lenders a greater degree of safety and flexibility, which typically means a more competitive rate than non-VA loans.
  • Easier to Qualify- Because the loan is backed by the government, banks assume less risk and have less stringent qualification standards for VA Loans, making them easier to obtain.

VA Home loans in Surprise AZ, who does them?

Call Nathan Rufty at (623) 850-1210 to get qualified for a VA Home Loan in Surprise Arizona.
Posted by Nathan Rufty on May 15th, 2019 2:11 PM

Who does Down Payment Assistance home loan programs in Surprise AZ
Saving up enough money to make a down payment on a home can be next to impossible for many consumers. Because of this, there are a variety of programs available to assist people who are interested in buying a home, but just do not have enough money available for a down payment. There are quite a few options available for consumers without money for a down payment. You can either try to find a down payment assistance program in your area or you can try getting approved for 100% mortgage financing, thus eliminating the need for a down payment.


Buying a home with a 100%, zero money down home loan is one option for those consumers who do not have enough money to make a down payment. According to a survey done a couple of years ago by the National Association of Realtors, 25 percent of all buyers financed 100% of the purchase price, and 42 percent of first-time home buyers bought with no money down. These numbers have increased even more over the course of the last couple of years as well. Even with lending guidelines tightening up due to the recent real estate market woes, there are still a variety of no money down home loan programs available at this time. Therefore, having money for a down payment is not required and many people can still buy homes without having a down payment available.


Surprise AZ Down Payment Assistance home loan programs highlights:


  • There isn’t a minimum amount that you have to provide to close.  The down payment assistance can potentially cover all of your down payment and closing costs.
  • No first time home buyer requirement for most programs.
  • The assistance money received is a silent second that has no interest, no payment and is forgiven monthly over the first three years of home ownership.  The lien is completely forgiven after you stay in the home for three years without refinancing.  The purpose of the silent second is to provide stability and ensure the ongoing success of the Home Plus Assistance Program in Arizona.
  • Qualified members of the U.S. military (active and Veterans) are eligible for an additional 1% of down payment assistance.
  • The money continues to be consistently available.


How to Qualify Down Payment Assistance home loan programs in Surprise AZ:


  • Maximum purchase price of $396,680. If using an FHA loan with Home Plus, the maximum loan amount depends on the FHA loan limits in your county.
  • Maximum income of $99,170.
  • Maximum debt-to-income of 45%
  • See various loan program requirements below.


Who does Down Payment Assistance home loan programs in Surprise AZ

To see if you qualify for a down payment assistance program in Surprise, Arizona, please contact Nathan Rufty at 909-503-5600

Posted by Nathan Rufty on May 8th, 2019 2:02 PM
Who does the USDA home loan program in Surprise AZ

Your dream of owning one of the many affordably priced homes located throughout Surprise AZ is within reach. As an approved USDA home loan lender, we can help walk you through the USDA Loan application, and experience the benefits of a true No Money down, 100% financing home loan.

The problem that the USDA Loan program (Also referred to as the Rural Development Loan Program) faces is the misnomer that it has something to do with agriculture. In truth, USDA Loans were simply created to help build many of the country’s less populated areas. This includes many Surprise AZ communities that lie just outside of major metropolitan areas.

To qualify for a Rural Development Loan, the property must:

  • Live outside city limits
  • Have a population of less than 20,000 people

Looking for a new home in Surprise AZ? A USDA loan may be just the thing for you. With no qualifying assets or down payment required, and no maximum loan amount, a USDA loan can fit almost any financial situation. 

Below you will find a link to the USDA income limits for Surprise AZ:

USDA Home Loan Income Limits Surprise AZ

  • NO down payment – Finance 100% of your home
  • NO maximum loan amount in Surprise AZ.
  • NO assets needed to qualify
  • Flexible credit guidelines
  • Competitive, fixed interest rates so payments do not increase
  • USDA Loans are for new and existing properties
  • Start your Alabama USDA home loan now! Just fill out this quick form to get started & a USDA loan specialist will contact you with your options.

Who does the USDA home loan program in Surprise AZ

Nathan Rufty is an approved USDA home loans specialist that can help you in getting the house of your dreams. Call now at (909) 503-5600.
Posted by Nathan Rufty on May 1st, 2019 4:10 PM

Jumbo Home Loans in Surprise Arizona

Jumbo Home Loans in Surprise Arizona

A jumbo loan is a type of mortgage in US. The loan sum is above the industry-set definition of straight complaint loan limits. These standards were designed by Fannie Mae and Freddie Mac, two biggest secondary market lenders. These types of loans are usually offered by the creditor to those debtors who provide warehouse financing for mortgage lenders. The loan amount might differ from country to the country. It usually applies when the agency Fannie Man and Freddie Mac limits don't cover the complete mortgage amount.

Fannie Mae (FNMA) and Freddie Mac (FHLMC) are large agencies that acquire the mass of housing mortgages in the U.S. Then they set the utmost limit for an individual lender who will pay for a mortgage. Insurance companies and banks then come up and get this opportunity with highest mortgage amounts going to the $1 million or $2 million range. A loan worth of $650,000 is known as super jumbo. The average interest rates on jumbo loans are usually higher than another mortgage, also it may diverge on mortgage sum and property types.

Although jumbo loans is higher in worth but alongside these are more uncertain about creditors, because in case of defaults it's harder to recover the loan amount. The higher the loan amount will be, the more vulnerable it will be. To be on the safe side, creditors ask for heavy down payments from debtors seeking jumbo loans. Jumbo residence prices can be more biased and are not easily put up for sale to an ordinary debtor. Therefore, many creditors may require two reviews on a jumbo mortgage loan.

Jumbo loans in Surprise AZ is increasing with the increase in property rates. The consumers of jumbo loans are increasing day by day, so this loan option now is no more just for elite class residents.

Fresh loan programs are offered, which are increasing the jumbo loan percentage. Because of this increase in current time mortgage loans are requiring more in city and nearby areas. These new mortgages are either a 40- or even 50-year paying back, or an interest-only option. These long payback time facilities the debtor with a great deal, which will result in the increase in monthly savings. Higher the payback period is, the more the lender or bank will gain.

If you are considering buying a new home then 80/20 & 80/15 jumbo loan is a right option for you. Previously, 20% down payment was only subjected to purchase private mortgage insurance (PMI), jumbo loan seekers were paying high interest of above 80% for LTV loans.

With the amendments in the jumbo loans program, a debtor now can borrow 80% of loan without purchasing private mortgage insurance (PMI). Along with that he can take another loan with higher rate. He can hedge the risk at a very low insurance rate.

Who does Jumbo home loans in Surprise AZ

Short answer is - Nathan Rufty at 909-503-5600 can guide you through your jumbo home loan in Surprise AZ and help in getting qualified and approved. Call Today for a free consultation.
Posted by Nathan Rufty on April 24th, 2019 9:22 AM

FHA Home Loans in Surprise, Arizona

The American dream of owning your own home is live and well in the Surprise AZ because of the FHA Home Loan Program. The market for FHA Home Loans is booming and it is now the largest supplier of home mortgages. You can make your dream of owning your own home come true now!

The Federal Housing Administration (FHA) has many loan programs available that will help you achieve your goal of owning your own home.

FHA Home Loans in Surprise, Arizona

What Is A FHA Home Loan?

FHA does not loan you the money to buy a house, what it does do is guarantee the loan. If the mortgage is defaulted then FHA will pay the lender.

This helps the lender because they will not have to write off the mortgage and suffer all of the loss.

Because of the FHA guarantee, lenders are certainly more willing the make more loans, and they will make them for larger amounts and also they will make them easier to get with fewer requirements.

Can You Qualify For The FHA Home Loan Program?

Of course, there have to be some limitations and requirements in order to get a FHA Home Mortgage. Here are a couple of restrictions:

Debt To Income Ratio

There is not an income limitation but you do have to have a certain debt to income ratio. This means your debt can not exceed a certain percentage of your income.

Limit On Amount Of Mortgage

Also, there is a restriction on the amount of the mortgage based on the area that you live in. Each area or region is different, you need to check with your FHA lender to see what the limit is in your area.

What Are The Benefits Of A FHA Home Loan in Surprise AZ?

1. You finance home improvements or repairs using a Streamlined FHA 203K Loan.

2. All FHA mortgages can be assumable. This can be a great benefit in the future if you want to sell your home and the interest rates are high.

3. The down payment is just 3.5% of the purchase price of your home. Most conventional home loans require at least 20% down payment.

4. Your down payment can be gifted to you.

5. Seller can pay your closing costs.

6. Low credit score requirements.

7. Interest rates are low and very competitive with other types of mortgage loans. Because of the FHA guarantee most lenders will offer low interest rates.

With the low interest rates in the market and the abundance of homes on the market, now may be the time for you to persuade the American dream of owning your own home by financing it with a loan form the FHA Home Loan Program!

Ready to get qualified for an FHA Loan in Surprise AZ please call Nathan Rufty at 909-503-5600.

Posted by Nathan Rufty on April 17th, 2019 1:46 PM



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