FHA Loan Options in Phoenix AZ
Home buyers in Phoenix AZ are taking advantage of the low rates and flexible features offered by our Phoenix AZ FHA loans.
Flexible Features of AZ FHA Loans
- Low FHA interest rates in Arizona
- Buy a house with little to no money
- Low down payment requirement
- Take advantage of gift programs
- Helps home buyers with less than perfect credit
- Allows for non-occupant co-signers
- FHA loans do not have prepayment penalties
- Your Phoenix AZ FHA loan may be assumable
Some people and real estate agents in the Phoenix area mistakenly avoid FHA loans because of common misconceptions such as:
- Takes too long. Wrong – see our ten day close guarantee.
- Too much paperwork. FHA does have a few more disclosures that you will have to sign at application, but the extra 5 minutes is worth it.
- Requires restrictive repairs. FHA appraisals are much easier than they were in the past. They just want to make sure that there aren’t any safety concerns.
There are several Phoenix FHA loan programs to promote home ownership. If you are an Arizona first time home buyer, you can use an FHA loan to easily qualify for your mortgage.
Remember, because FHA insures your Phoenix AZ mortgage, lenders are more willing to give Arizona FHA loans with lower qualifying requirements. That’s why its easier for you to qualify.
Phoenix AZ FHA loans have been around since 1934. They are a great mortgage option to help you buy your home. Also, even if you happen to encounter hard-times after buying your home, a Phoenix AZ FHA loan has many options to help keep you in your home and avoid foreclosure.
To get the most out of your Phoenix AZ FHA loan, you should pick the best FHA lender. We’ll help you buy your home with a Phoenix AZ FHA loan for all the reasons above.
Call today to find out if a Phoenix AZ FHA loan is right for you.Steve Lines 480-344-3662