With the recent upgrade in the MLS system - new MLS areas have been added and some boundaries have changed. This is the current map. Use these boundaries to adjust the search for your desired areas.
“The Mortgagee must confirm that a Shared Well:View More
Overall - prices are up and inventory is down. See the report for more information!
FHR has reserved its current allocation of WISH Funds
They still have HOME funds for 3.5% up to $3,700,
Which requires class prior to signing a contract
You must attend class and make appointment for counseling/eligibility
So they are ready when WISH funds become available later ...View More
Qualifying for Self-Employed Individuals
Most loan programs require 2 years of self-employment for income from the business to be considered long-term and stable. Some exceptions do apply. These exceptions are most likely to be in the conventional, conforming loan programs rather than jumbo loans.
Individuals that have ...View More
Interest rates play an important role in real estate.
For buyers, the interest rates often determine how much house a buyer can buy. When a lender prequalifies someone to buy a home they are looking at ratios between income and current expenses. Those ratios determine how much of ...View More
The 10% Down Payment Assistance program known as P2P Program has ended
As you may already know the wonderful P2P program that offered 10% DPA has now ended because all of the funds allocated to Tucson have been exhausted. Many of our customers in our Tucson market had taken advantage of this great ...View More
Shortly after the new administration took office, HUD announced that the reduction in monthly MIP payments for FHA home loans that had been announced recently is being rescinded.
The monthly MIP cost is currently .85% annually for minimum down payment FHA loans and was scheduled to be reduced to ...View More