2013 FHA Home Loan Changes

FHA mortgage insurance is like that celebrity that you've watched change over the years.  From their first awkward performance to their most recent blockbuster hit.  You noticed subtle changes in the actor through the years. Changes that are slight enough to shrug it off to a new haircut and aging. Then, your favorite network hosts a back to back run of the actors movies.  As ending credits of the actors first movie roll  into the opening credits of the stars latest release, you notice how … [Read more...]

Low Down Pmt Alternative to FHA

When you think of a low down payment home loan chances are an FHA home loan is atop your list.   After FHA mortgage insurance costs climbed over the past decade home-buyers sought refuge!  Thankfully, the market responded with low down payment alternatives to an Arizona FHA home loan. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 3% Down Conventional Home Loan Arizona buyers seeking low down payment home loans are no longer cornered into an FHA mortgage.  Qualified home-buyers … [Read more...]

Down Payment for An Arizona FHA Buyer

In the aftermath of the wild Real Estate and Mortgage ride of the mid 2000's the low down payment mortgage options a Phoenix area home-buyer has  access to have dwindled.  However, shortly after the mid 2000 carnival FHA financing rose in popularity in part due to the fact that an FHA mortgage requires very little money down.  Home-buyers across the state of Arizona (and the nation for that matter) leveraged FHA financing to help them achieve their home buying goals. One of the biggest … [Read more...]

Alternative Credit & FHA Home Loan Approval

  There are basic credit related requirements that each Phoenix area home loan applicant must meet  in order to obtain mortgage approval.  Each different type of home loan comes custom fit with its own set of credit guidelines or "rules".  When applying for an Arizona FHA mortgage, each borrower must typically show their Phoenix Arizona FHA mortgage lender a minimum of 3  trade lines that have reported at least 12 months of activity or payment history.  A trade line is equal to one … [Read more...]