Home Loans Arizona - California - Nevada - Utah

The American dream of owning your own home in Arizona is live and well in the United States 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.

If you consider yourself a prospective home buyer in Arizona, there is a lot of information you need to be aware of. As for new home buyers who are applying for an FHA loan, making your self updated with the proceeding rules and regulations of the FHA would make it easier for you to meet their qualifications.

You can start off in checking your qualification list by updating all of your paperwork which means preparing your most recent paperwork. You need to present addresses where you have lived in past 2 years. The same goes with your employment and income information. You also need to track those open loans you have, your bank accounts, information regarding any other real estate you own, your most recent W2 and tax returns. In addition for those veterans, your certificate of eligibility and DD Form 214 which is otherwise known as your discharge papers should be included in your paperwork list.

What Are The Benefits Of A FHA Home Loan in Arizona?

  • You finance home improvements or repairs using a Streamlined FHA 203K Loan.
  • 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.
  • The down payment is just 3.5% of the purchase price of your home. Most conventional home loans require at least 20% down payment.
  • Your down payment can be gifted to you.
  • Seller can pay your closing costs.
  • Lower credit requirements.
  • 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.

If you are ready for your FHA purchase home loans in Arizona please call Nathan Rufty at (623) 850-1210
Posted by Nathan Rufty on January 8th, 2020 7:36 AM



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