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How To Save Money With An Arizona Refinance
Figuring out what your payment will be after you do your Arizona Refinance is actually a fairly simple task.
The first thing to do is get a rough idea of what interest rates in AZ are in the current market. It’s important for you to know that interest rates not only move daily but move by the second. So just having a general idea of what they are will be good enough to give you a rough idea of how much you can save by doing an Arizona Refinance. (more…)
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Fannie Mae Is Making Our USDA Loan Program Much Cheaper
I’ve been helping people for years to get the cheapest, easiest loan possible to buy a home in Arizona with the USDA Loan Program. Now, in a recent article in USA Today it is reported that Fannie Mae and Freddie Mac are raising their loan costs to home buyers. This will make the USDA Loan Program even cheaper than it is now. Fannie and Freddie fund home loans that are known as Conventional loans and have been the largest supply of home loans forever.
While the USDA Loan Program has limits on the fees that can be charged, Fannie and Freddie are introducing new fees to be charged to consumers based on your credit score and how much you are putting down.
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Filed under: USDA Qualifying
Do You Make Too Much Money To Qualify For A USDA Loan In Arizona?
While the USDA Loan does not have a maximum loan size they do have a maximum qualifying income limit.
People ask me all the time, what are the income limits for the USDA Loan. So let’s take a moment and define really quickly what an income limit is. The USDA defines income limit as the Adjusted Household Annual income, that’s it.
Did you catch that? There is an important point there that many people naturally overlook, it’s the Household Annual Income.
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New video on the USDA Loan
