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Paul Dunn - Tucson's #1 FHA Mortgage Originator and USDA Rural Specialist

Tucson FHA Mortgage tips - know this when buying a vacant home

Tucson FHA Mortgage Loan Tip

There is an abundance of Arizona Bank Owned REO property on the Tucson MLS. Anybody planning on buying a home in Arizona using a Tucson FHA Mortgage Loan must know the following tip. A vacant Bank Owned or REO property will typically have all it's mechanical systems turned off. Often for quite some time. Tucson FHA Mortgage Tip for purchase of Vacant Property:
  • When an appraiser inspects the property they will check the utilities and mechanical systems as an FHA requirement. If they have been disconnected prior to the appraiser inspecting the property, to qualify for a Tucson FHA Mortgage Loan they will need to be turned on and the mechanical systems will need to be checked by a licensed contractor or qualified inspector. The contractor or inspector must certify that the systems have been turned on and are working properly.
Planning appropriately with this Tucson FHA Mortgage Tip in mind will without any doubt save you time and frustration. Just imagine applying for a Tucson FHA Mortgage Loan for the purchase of a vacant bank owned property and all the utilities are off. You hire the appraiser who inspects the vacant property. The appraiser then will take the next several days to complete the appraisal report and then submit it to us(total time, 1-2 weeks) for your Tucson FHA Mortgage Loan. At this time your mortgage guy calls and tells you "the utilities are not hooked up. Get them hooked up and you'll need to pay a qualified inspector to verify that all systems are working properly." If that happens, you've added time and the additional inspector cost to the already lengthy process of home buying. Arizona USDA Rural Development Home Loans will also follow this same tip. To find out how much you qualify for today, click on the Get Started tab above or click here. Apply online for an Arizona FHA Mortgage Loan and get pre-qualified today. Or call (520) 225-0380 to speak with a Tucson FHA Mortgage Loan Originator today!

Arizona FHA Mortgage Loans and the First Time Home Buyer - Credit Tips!

First Time Home Buyers are experiencing an opportunity like never before. And HUD's FHA Mortgage Loan is the primary financing tool for the majority of First Time Home Buyers in Arizona.

Today's Arizona Real Estate market has many deep discounts and Tucson FHA Mortgage Loans is positioned to be the financing tool of choice.

"Real Estate in Tucson and the rest of Arizona is CHEAP! It's like being in K-Mart and the Blue Light is flashing!"

FHA Mortgage Loans allow for low down payment and here are some credit tips for First Time Home Buyers...

Read the full story at Tucson FHA Loans today!

Paul Dunn Tucson's #1 FHA Mortgage Loan Originator
Arizona USDA Rural Home Loans
Apply online for an FHA Mortgage Loan and get pre-qualified today.

USDA Rural Home Loans - What's The Maximum USDA Loan Size?

Using an Arizona USDA Guaranteed Rural Home Loan allow you to buy a home in ANY County of Arizona with Zero Down payment. That means, the money you save on your down payment by using a USDA Rural Home Loan instead of conventional or FHA Home Loan financing will stay in your bank account, for your family.

QUESTION: What is the maximum Arizona USDA Rural Home Loan size?

ANSWER: There is not a set maximum loan size for USDA Rural Guaranteed Home Loans.

EXPLANATION: The USDA Rural Home Loan size you qualify for is determined by your USDA Repayment Income. As a BASIC rule;

Read the full story at USDARuralHomeLoans.com

Paul Dunn Tucson's #1 FHA Mortgage Loan Originator
Arizona USDA Rural Home Loans
Apply online for a USDA Rural Guaranteed Home Loan and get pre-qualified today.

AZ FHA Streamline Refinance - How to apply for an FHA Streamline Refi

You can refinance your Arizona FHA Mortgage Loan without an appraisal and without any credit or income re-qualifying what so ever. The AZ FHA Streamline Refinance takes the hassle out of getting a permanent interest rate reduction on your Arizona FHA Mortgage Loan.

In the 1980’s HUD created a loan program designed to “streamline” the refinance process for homeowners with existing FHA Mortgage Loans. The result is the FHA Streamline Refinance.

The four basic requirements of the Arizona FHA Streamline Refinance:

  1. Your current mortgage must be an FHA Mortgage Loan
  2. Your current FHA Mortgage Loan SHOULD be current
  3. The FHA Streamline Refinance MUST result in a lower payment
  4. Cash Out Refinances are not permitted under the AZ FHA Streamline Refinance

So, if your current interest rate is over 6% or so; you should consider looking at an Arizona FHA Streamline Refinance to get into today’s low rates.

Download the application-pack-for-fha-streamline and watch the video “FHA Streamline Application Instructions - How to Refinance Without an Appraisal.”

No Money Down - 100% USDA Rural Home Loan Financing

USDA Rural Home Loans has a MASSIVE advantage in today's Real Estate market. We've all heard these terms...

NO MONEY DOWN! ZERO DOWN! 100% Home Loan Financing!

These options for financing a home are no longer available with conventional financing NOR through FHA home loan financing. The best option for buying a home with No Money Down is with the USDA Rural Development Home Loan, which will fund up to 102% of the appraised value.

The USDA Rural Development Home Loan allows you to finance:

  • Full Purchase Price
  • Closing Costs
  • USDA Guaranty Fee
  • Rehabilitation Costs
  • Repair Costs
  • Appliances

How do you find a USDA Rural Development Home Loan property that qualifies?

First, click on our USDA MAPS tab to print out the map for the area you are interested. Then a good place to look for an eligible USDA Rural Development Home is at www.Realtor.com. Simply look for properties within the boundaries identified on your USDA Rural Home Loan map.

You can apply for a USDA Rural Development Home Loan here.

P.S. - It's always a good idea to get prequalifed for a USDA Rural Home Loan before you go out shopping for a new home!

Paul Dunn
Tucson's #1 FHA Mortgage Loan Originator
Arizona USDA Rural Home Loans