Buying Tucson Real Estate

Sept. 25, 2017

New MLS Area Map

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.

New MLS Areas

Sept. 20, 2017

FHA Loan Rules on Shared Wells

Here are the new basic rules for homes to qualifiy for FHA that have a shared water well:


“The Mortgagee must confirm that a Shared Well:

  • serves existing Properties that cannot feasibly be connected to an acceptable public or Community Water supply System;

  • is capable of providing a continuous ...

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July 12, 2017

2nd Quarter Tucson MLS Market Report

Here is our

2017 2nd Quarter Tucson MLS Market Report  



Overall - prices are up and inventory is down.  See the report for more information!


Click HERE to See The Report

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June 29, 2017

Home Loan Application Checklist

Home Loan Application Checklist

The thought of applying for a mortgage can be intimidating. In the past, the process was a complicated one. But mortgage companies have streamlined the process to make the application process easier. You may not need paper copies of everything since some mortgage companies can gather ...

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June 12, 2017

Family Housing Resources Has Down Payment Assistance Funds Available

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 ...

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June 2, 2017

Qualifying for Self-Employed Individuals

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 ...

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Feb. 24, 2017

Fed Plans Aggressive Rate Increases

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 ...

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Feb. 7, 2017

End of Tucson's P2P Down Payment Assistance Program...Another is still available

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 ...

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Jan. 27, 2017

HUD rescinds Lower Monthly MIP on FHA Home Loans

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 ...

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Dec. 20, 2016

2017 FHA Loan Limits

Good news for people in Tucson that want to take advantage of FHA financing.  The limit for FHA is increasing in 2017 from $271,050 to $275,665.