az: Arizona FHA Streamline Refinancing Tips VIDEO - Very Cool.. - 09/10/10 09:55 AM
Take a couple minutes, 4:58 to be exact and watch my latest video about how FHA Streamline Refinances are helping Homeowners in Arizona get CRAZY low interest rates, even when they owe more on their mortgage than their home is worth.
I even share a really cool money saving tip for people doing FHA Refinances..
Apply online for an Arizona FHA Streamline Refinance Loan and get pre-qualified today. Or click the Get Started tab over at, to get started today!
Paul Dunn - (520) 225-0380Tucson's #1 FHA Mortgage Loan OriginatorUSDA Rural Development Home Loans for Arizona

az: USDA Rural Home Loans on the Senate Floor right NOW! - 05/24/10 10:25 AM
The USDA Loan has been on hold with the Rural Development offices across the country as they “ran out” of funds for USDA Loans.  There are several bills on the table that would eliminate the funding problems for USDA Loans and one is being reviewed in the Senate right now.
The most immediate need for home buyers who need a USDA Loan is to get the funding going right now.  H.R. 4899 is the Disaster Relief and Summer Jobs Act of 2010 which the Senate is discussing today at 3:00.  If it passes it will provide $102.7 million to the USDA … (47 comments)

az: FHA Streamline Refinance without an Appraisal or a Credit Score in Arizona - 12/08/09 03:38 AM
The FHA Streamline Refinance without an Appraisal and without a Credit Score The FHA Streamline Refinance has changed quite a bit since HUD issued the HUD Mortgagee Letter 09-32.  So we have revised our FHA Streamline Refinance programs for new loans to fit properly and to provide the most benefit to our borrowers.
There are many changes, but there is also some great news about the FHA Streamline Refinance and credit qualifying.
The first update to the FHA Streamline Refinance is that it does not require a credit score for qualifying.  Qualifying for the new FHA Streamline Refinance requires that we … (0 comments)

az: Is it the Guaranteed USDA Rural Home Loan or the USDA Direct Loan? - 12/08/09 02:25 AM
What’s the best USDA Rural Home Loan, the Guaranteed USDA Rural Home Loan or the USDA Direct Loan? It’s important to note that the USDA Rural Home Loan is gaining enormous popularity in Arizona.  Primarily because it allows home buyers in qualifying areas to purchase a home with absolutely zero down payment and without the added expense of monthly mortgage insurance.  In most cases, the USDA Rural Home Loan is the least expensive loan to obtain and to maintain. There are two types of USDA Rural Home Loans;
Guaranteed USDA Rural Home Loan USDA Direct Home Loan Let’s look at the … (0 comments)

az: USDA Rural Development Map for Queen Creek Arizona - 12/06/09 04:16 AM
We’ve just updated the USDA Rural Development maps section to now include the map for areas of Queen Creek Arizona that are eligible.  Buyers and real estate agents looking for USDA Rural Development qualifying homes in the Queen Creek Arizona area can print this map out and bring it along in the search for a home.  If at any time there are questions about a qualifying home, please call (520) 225-0380 for immediate assistance.
The majority of Queen Creek is eligible for USDA Rural Development financing.  This is great news as it allows more buyers in that area to qualify for … (1 comments)

az: USDA Loans Refinance Funds Now Available - 11/23/09 11:00 PM
USDA Loans ARRA Refinance Funds NOW Available! The USDA released a Notice of Funding Availability for USDA Loans Refinance Assistance under the American Recovery and Reinvestment Act of 2009.
USDA Loans Refinancing by using ARRA funds is more restrictive than typical USDA Loans.
USDA Loans ARRA Refinance Requirements:
The new USDA Loans must have an interest rate at least 1% lower than the current interest rate.
On the USDA Loan Refinance the new maximum loan may be no more than the principal on the existing USDA loan plus the guarantee fee.  The new USDA Loan including the guarantee fee cannot … (0 comments)

az: Arizona FHA Mortgage Loans and the First Time Home Buyer - Credit Tips! - 07/27/09 11:51 AM
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 … (3 comments)

az: USDA Rural Home Loans - What's The Maximum USDA Loan Size? - 07/27/09 04:29 AM
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 … (0 comments)

az: AZ FHA Streamline Refinance - How to apply for an FHA Streamline Refi - 04/07/09 05:16 AM
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:
Your current mortgage must be an FHA Mortgage Loan Your current FHA Mortgage Loan SHOULD be current The FHA Streamline … (0 comments)

az: No Money Down - 100% USDA Rural Home Loan Financing - 02/25/09 12:26 AM
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 … (1 comments)

az: FHA Streamline Rate Reduction Refinance - Exposed in Arizona - 01/28/09 12:26 AM
Are Lower Rates On The Horizon?  The FHA Streamline Refinance Rate Reduction is available to homeowner who currently have an existing FHA Mortgage Loan.
Government has been under enormous pressure to stabilize home prices and prevent foreclosures.  As a result the Feds have been injecting tons of liquidity into the Mortgage Backed Securities markets and DRIVING RATES DOWN.   This is the opportunity to take advantage of the FHA Streamline Refinance Rate Reduction mortgage loan.
** IMPORTANT ** Homeowners with existing FHA financing have a unique opportunity RIGHT NOW to ensure that they always have the lowest rates available .   Watch this … (5 comments)

az: FHA Streamline Refinance Without An Appraisal - 01/21/09 03:58 PM
Is your Arizona FHA Mortgage Loan stressing you out because you owe more than your house is worth?
If you have an Arizona FHA Mortgage Loan and you’ve been trying to refinance into today’s HOT Mortgage Rates, but couldn’t because you’re upside down on your house; I have great news for you.
The FHA Refinance Lifetime Mortgage Rate Rolldown program allows you to get a new Arizona FHA Mortgage Loan without obtaining an appraisal.
Read The Full FHA Streamline Refinance Story
Paul DunnTucson's #1 FHA Mortgage Loan OriginatorArizona USDA Rural Home Loans
Apply Online for a USDA Rural Home Loan or … (0 comments)

az: Hope For Homeowners - The FHA Short Refinance prequal up and running - 01/21/09 01:46 AM
Hope For Homeowners - The FHA Short Refinance The FHA Short Refinance may be right for you if one of the following applies:
Property is located in ARIZONA Upside down on your mortgage Your Adjustable Rate Mortgage is going up You’ve had a financial hardship and need payment relief To find out if you qualify for an FHA Short Refinance, please complete the form online. A member of our team will be in contact with you shortly. Below the FHA Short Refinance form you’ll find some informative articles on the subject.
Elibible properties MUST be located in ARIZONA!
Paul Dunn  -  … (0 comments)

az: USDA Rural Home Loans have many advantages over FHA or Conventional financing - 01/20/09 04:15 PM
USDA Rural Home Loans offer many advantages over either FHA Mortgage Loans or Conventional Home Loans. Here is a brief summary of advantages of the USDA Rural Home Loan.
Read the full story
Paul Dunn  -  (520)225-0380Tucson's #1 FHA Mortgage Loan OriginatorArizona USDA Rural Home Loans
Apply for a USDA Rural Home Loan or an FHA Home Loan NOW!

az: Could Down Payment Assistance Be Coming Back For FHA Mortgage Loans - 01/20/09 01:56 AM
Down Payment Assistance has been a big part of FHA Mortgage Loans for the last 10+ years for First Time Home Buyers. In October 2008 Congress eliminated the Down Payment Assistance Program eligibility for FHA Home Buyers.
Good News for First Time Home Buyers!
Rep. Al Green of AL will be introducing HR-600 on 1-21-09 to save and reform Down Payment Assistance for FHA Mortgage Loan eligibility.
Read the full story
Paul Dunn  -  (520)225-0380Tucson's #1 FHA Mortgage Loan OriginatorArizona USDA Rural Home Loans
Apply for a USDA Rural Home Loan or an FHA Home Loan NOW!

az: FHA Streamline Refinance hits a WHOPPING 5% - could get lower - 12/18/08 05:05 AM
Did I say WOW!
The FHA Streamline Refinance has just hit an insane 5%.  Truly an incredible rate.  The FHA Streamline Refinance allows for a smooth application process.  It doesn't require reverifying consumer credit, income or assets.  And in most cases the FHA Streamline Refinance can be done without an appraisal.
To find out what the current FHA Streamline Refinance rate is, read the rest of the story at FHS Streamline Refinance and then be sure and fill out the info request form.
Paul DunnTucson's #1 FHA Mortgage Loan OriginatorArizona USDA Rural Development Home Loans

az: USDA Rural Home Loan information request form up and running - 12/18/08 12:49 AM
I just updated the USDA Rural Development Home Loans web site to include an information request form.  Now you can check to see if your property is located within an eligible area for USDA Rural Home Loans by filling out this form.
USDA Rural Development Info Request
Paul DunnTucson's #1 FHA Mortgage Loan OriginatorArizona USDA Rural Development Home Loans

az: USDA Rural Home Loan Qualifying And Repayment Income - 12/18/08 12:44 AM
USDA Rural Home Loan qualifying uses two different income types to determine qualification for the USDA Rural Home Loan. In the previous post we discussed Adjusted Household Income and in this post we will discuss what the USDA Rural Home Loan qualifies as Repayment Income.
The USDA considers Gross Income and Repayment Income as the same thing and is used in determining if you can afford the payment by looking at a DTI Ratio (debt to income).
Read the full story at: USDA Rural Home Loan Repayment Income includes:
Paul DunnTucson's #1 FHA Mortgage Loan OriginatorArizona USDA Rural Development Home Loans

az: FHA Secure Short Refinance Options When You Are Upside Down On Your House - 09/22/08 03:15 AM
When you owe more than your home is worth and you need an FHA Secure Short Refinance, there are typically three outcomes.  Your FHA Secure Short Refinance options will depend upon the negotiations with your current mortgage lender.
Short Refinance Write Down - This is the option of preference.  The existing lender simply writes off the amount that can be refinanced into the FHA Secure Short Refinance. FHA Secure Refinance with subordinate financing - In many cases the existing lender will accept a secondary lien in the amount that the payoff is short.  FHA Secure Short Refinance with a partial unsecured … (6 comments)

az: The Feds Seize Fanny and Freddie - whats that mean for Arizona? - 09/10/08 06:16 AM

Paul Dunn, former orginator

Paul Dunn

former orginator

Tucson, AZ

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