Popular Arizona Mortgage Loan Programs

Between the years of 2000 and 2008, it seemed as if mortgage credit was easy to come by. Stated income loans, no-doc loans and other creative programs were popular and lenders were lending money to anyone who could sign a loan package.

Then the credit crisis hit and lenders started tightening their guidelines. In today’s mortgage market, if you want to get a mortgage loan, there is a good chance that you are going to at least look at getting a government insured loan such as a FHA, VA or USDA loan program. Popular loan programs for people who are buying a home in Arizona include:

And for current homeowners who have FHA or VA loans currently, when interest rates go down the Arizona FHA streamline and Arizona VA streamline refinance programs are popular.

Arizona Loan Officers

Regardless whether you are buying a new home or refinancing a current mortgage, choosing the right loan officer can make all the difference if having a smooth transaction. The best loan officers have experience, knowledge and work for companies who have in-house decision making authority when it comes to underwriting and funding your loan.