Low Arizona Mortgage Rates Until 2014?

It's a fact, each time interest rates go down mortgage application activity goes up (and we are not just talking about refinances).  As an Arizona Mortgage Lender, I have seen this trend many times.  There is a distinct correlation between low rates and purchase activity.  Over the past few years we have talked about the Fed's plan to keep rates low in order (in part) to help promote the housing market.  Well, they have succeeded tremendously in accomplishing their goal. Whether or not you … [Read more...]

An Arizona FHA Flip – Outdated

Learn more about updated FHA Flip Guidelines One of the most crucial elements of completing an FHA flip purchase is to make sure that all the repairs that both the repairs the FHA appraiser (or appraisers) and the FHA inspector required in their respective reports have been completed prior to the Phoenix area home buyer's close of escrow.  Remember that an FHA flip typically requires 2 appraisals and a HUD home inspection.  Typically at least one if not all three reports will list out at … [Read more...]

How Long do VA Appraisals Take?

My Phoenix area VA clients often ask if the fact that they are getting a VA home loan is going present an unwelcome challenge in regard to the length of time it takes to have a Arizona VA appraisal completed.  It is a great question.  As Arizona VA Mortgage Lender I can tell you that the truth is that VA mortgage appraisals typically take just a bit longer than Conventional or FHA appraisals in the Phoenix metro real estate market. However, the longer VA turn time is not something that should … [Read more...]