See Average Mortgage Rates

Get Started Now

Average Refinance Rates,
   Product:                      Today        LastWeek
Compare Rates in your area:
Ten Day Close
You are here: Home » Arizona Home Financing Options » Refinancing in Arizona

From the category archives:

Refinancing in Arizona

1% Down Payment FHA Loan – AKA National Stabilization Program

by Justin McHood Arizona Home Financing Options

I have heard from more than one local Realtor that many mortgage professionals are telling them that there is a new FHA Loan that only requires only a 1% down payment. I have good news and bad news. First the bad: FHA has not changed their guidelines recently, they still require a 3.5% down payment. [...]

Read the full article →

President Obama Says It Is Time To Refinance

by Justin McHood Arizona Home Financing Options

President Obama said that it was a good time for people to refinance while rates are low. Use Zillows Mortgage Marketplace if you don’t know where to find a good loan officer.

Read the full article →

Arizona Refinance: Is Now The Time?

by Justin McHood Arizona Home Financing Options

Arizona refinance: now is the time. Interest rates are low, guidelines are probably only going to get tougher and the Obama refinance is now available. These are three good reasons now is the time to look into your Arizona refinance options.

Read the full article →

Arizona FHA Loans: Maximum Cash Out Is Now 85% LTV For Arizona FHA Loans

by Justin McHood Arizona Home Financing Options

Arizona FHA mortgage guidelines have changed for the FHA 95% cash out program. For all Arizona FHA refinances that get cash out, the new maximum that you can get is 85% of the property’s value.

Read the full article →

Arizona FHA Loans: Most Lenders Now Requiring A Minimum 620 Credit Score For Arizona FHA Loans

by Justin McHood Arizona Home Financing Options

Arizona FHA loan guidelines are getting tougher. Most lenders are now requiring a minimum mid credit score of 620 in order to qualify for an FHA loan.

Read the full article →

Arizona VA Loans: Minimum Credit Score Now 620 With Most Lenders

by Justin McHood Arizona Home Financing Options

To qualify for an Arizona VA loan, most lenders are now requiring a minimum mid credit score of 620 or higher.

Read the full article →

Making Home Affordable Plan

by Justin McHood Arizona Home Financing Options

Earlier today, the details were released about the “Making Home Affordable” plan outlined by the Obama administration. When this plan was first announced by President Obama here in Mesa a few weeks ago, my first reaction was “let’s wait for the details“. My reaction now the “details have been released”? I don’t know. Really. I [...]

Read the full article →

No Closing Costs vs No Out Of Pocket Closing Costs

by Justin McHood Refinancing in Arizona

Closing costs. Due to some very slick marketing by the mortgage industry, many people know that “closing costs are bad” and that they don’t want to pay them. They aren’t exactly who is going to pay them, but they know that they don’t want to. Here is an ad that I came across from Countrywide. [...]

Read the full article →

Arizona FHA 95% Cash Out Rule Changes: Two Appraisals Now Required

by Justin McHood Arizona Home Financing Options

If you are considering doing an FHA refinance and getting cash out, as of January 1, there are some new rules regarding FHA refinances where the borrower gets “cash out” and the loan-to-value ratio is greater than 85%. These guideline changes apply to the FHA 95% cash out program and are effective for all FHA [...]

Read the full article →

The FHA Streamline Program: Skip A Payment?

by Justin McHood FHA Loans

I was speaking with someone today about the FHA streamline program and they asked me the following question: “When I go through the streamline program, do I get to skip a payment?” To which I replied: “Technically, you are allowed to defer a payment when you participate in the FHA streamline program, but we officially [...]

Read the full article →

Arizona FHA Streamline Program: 3 Basic Criteria to Qualify

by Justin McHood Arizona Home Financing Options

Arizona FHA Streamline: Who Qualifies? The FHA streamline is more popular today than it was a few years ago because of the number of people who currently have an FHA mortgage is higher than it has been in recent years. And if you are currently in an FHA loan, often times your best financial move [...]

Read the full article →