Relocating for Work and Home Loan Approval

Relocating for a job is paradoxical in the context of financing a new home.  Many Phoenix lenders require borrowers start their new job prior to loan approval.  Unless moving twice is your favorite, this a major inconvenience. Relocating and Your New Home Loan The ideal scenario for transplanted families is moving into a new home....ONCE!  When lenders require borrowers start their new job prior to loan approval, moving once is near impossible.  Instead, this challenging process forces 2 … [Read more...]

Down Payment for An Arizona FHA Buyer

The mid 2000's wild Real Estate and Mortgage ride reduced the low down payment mortgage options Phoenix area home-buyers have access to.  However, shortly after the mid 2000 carnival FHA financing rose in popularity in part because of it's low down payment.  Home-buyers across the state of Arizona leveraged FHA financing to acheive their home buying goals. One advantage FHA financing offers home-buyers is a low down payment.  As of today, HUD (entity regulating FHA) requires just 3.5% down.  … [Read more...]