The Arizona Housing Financing Authority is back at it again implementing new first-time home buyer programs to assist with the finance arm of a first home purchase. Based on the right situation, the Arizona Mortgage Revenue Bond, can be a great niche product to help with that certain homeowners who is needing some financial help [...]
Full Story »Back in August 2008 I wrote a post (And You Really Thought You Can’t Get a Home with $100.00) about FHA HUD homes having a special deal on certain properties that allowed only $100.00 down. Well Folks FHA and HUD have decided to cancel this program for the time being. The marketing company for Hud [...]
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I know so many people that still do not realize that their ARM (adjustable rate mortgage) might not be broken. I wrote about this way back in March 2008. Is your ARM (Adjustable Rate Mortgage) Really Broken? Most homeowners always assume that if they have an adjustable rate mortgage that their payment and interest rate [...]
Full Story »Recently I have had several inquiries about a number of special loan programs available. The latest, attractive looking product in the market is the Fannie Mae HomePath loan. Depending on your individual needs, this product could be the right fit. However, compared to FHA, the HomePath loan does have some drawbacks. Here is a comparison [...]
Full Story »Well it sounds like Down Payment Assistance might be back but with changes. Until this does take effect I have been scouring through loan programs looking for good alternatives for clients with little or nothing down. The USDA Rural Housing Program is another viable mortgage option to help clients with nothing down. Here are the Pros: [...]
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