tucson: 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)

tucson: 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)

tucson: USDA Success Story - Borrower Who Doesn't Qualify For FHA Home Loans Obtains USDA Home Loan - 08/25/09 01:24 PM
USDA Home Loan Success Stories An Arizona First Time Home Buyer with high debt to income ratios obtains an Arizona Rural Development USDA Home Loan.  Truly a wonderful ending to this one.
Kathy is a single mom working hard to find a great home where she could raise her two girls.  She had been working with a loan officer who offered an FHA Mortgage Loan pre-approval.  But the loan officer made one critical mistake and did not correctly calculate her income.  So instead of qualifying for the home, she was about to lose it. He told her she was turned down … (0 comments)

tucson: 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)

tucson: 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)

tucson: 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)

tucson: 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!

tucson: 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!

tucson: Map For USDA Rural Guaranteed Loan For Rural Real Estate In Tucson - 08/19/08 04:23 AM
I finally put together the map for the USDA Rural Guaranteed Loan for Rural Real Estate located in the Tucson AZ area.  You can download a copy of the USDA Tucson map by clicking on it or visiting my USDA Rural Guarnteed Loan web site.
I'll upload other USDA Rural Guaranteed Loan eligibility maps when I get a chance...

Map for
USDA Tucson

Paul DunnTucson's #1 FHA Mortgage Loan OriginatorArizona USDA Rural Guaranteed Loans

tucson: Bank Owned Property Courtesy of Tim McMahon at McMahon Realty - Diablo Village - 08/02/08 04:37 AM


tucson: Bank Owned Property Courtesy of Tim McMahon at McMahon Realty - seller incentives - 08/02/08 04:34 AM


tucson: Bank Owned Property in SW Tucson Courtesy of Tim McMahon at McMahon Realty - 07/31/08 05:46 PM


tucson: Bank Owned Property with INCENTIVES courtesy of Tim McMahon at McMahon Realty - 07/31/08 05:45 PM


tucson: USDA Rural Designated Areas In Arizona - 07/14/08 07:24 AM
The USDA Rural designation might surpise you.  The USDA says that the property must be designated as rural by the Rural Housing Service (RHS) and some designated rural areas actually look and feel more like the suburbs.  In Tucson, the Rancho Vistoso area North of Tangerine Road has the coveted USDA Rural designation, as does the entire town of Vail.  If the home you are interested in buying has the USDA Rural designation, you have a terrific opportunity to obtaining the most cost efficient, lowest payment home loan available in a USDA Rural Home Loan.
To see if a property is eligible … (1 comments)

tucson: So What Exactly Is An FHA Secure Short Refinance? - 07/11/08 02:53 AM
Hi I'm Paul Dunn, Tucson's #1 FHA Mortgage Loan Originator and I am constantly getting the question "What is an FHA Secure short refinance".  A Short Refinance is a transaction where the current lender forgives debt in order to complete the transaction. 
Here's a real life example:  (very simplified)
Let's say you bought your home at a market peak for $450,000 and you still owe $425,000.  Since the time you bought your home, the market values have been dropping steadily and a similar home in your neighborhood just sold for $350,000.  You bought your home on an adjustable rate mortgage that is getting … (4 comments)

tucson: So What Is A USDA Rural Home Loan? - 07/10/08 08:16 AM
When you think of USDA I know the first thing you think is HOME LOAN FINANCING!  Right?  Actually, if you're like most Americans you probably think of Milk, Cows, Pigs, Corn, Farms and a beautiful farm house.  Anything but mortgages.
Rural, really isn't all that rural.  Here is a picture of a farm, and you'd have to go to Farmer Mac to finance it.
A USDA Rural Home Loan is designed to help families in areas that are "designated" as rural to get into a home with zero money down!  In Arizona the average cash out of pocket to buy a … (0 comments)

tucson: Short Refinance Is A Viable Option For Arizona Homeowners Looking At Foreclosure - 07/10/08 03:37 AM
The first thing I did this morning was read FoxNews and ran across this article that stated US Home Foreclosures Jump 53% In June.  Being an FHA Mortgage Loan Originator in Tucson Arizona I was curious what the numbers looked like for Arizona.  The reason I am writing this post is to show you the numbers for Arizona and that a Short Refinance may be able to provide solutions to at least a few homeowners facing foreclosure.
Here they are for ARIZONA!  (all this can be reached through various links from the Fox article)
Only Nevada and California had more foreclosure activity in … (0 comments)

tucson: How To Buy Bank Owned REPO Real Estate - 06/30/08 11:50 AM
The Bank Owned REPO Real Estate market continues to grow. Many of my clients have had questions about how to buy Bank Owned property and how to Finance Bank Owned Real Estate in Tucson with FHA Mortgage Loans. So I made a video...and in the video show them the 5 ways to buy Bank Owned REPO Property including the FHA $100 Down Repo Loan and the 203K FHA Rehab Loan. I also provide information on how to find a Realtor who specializes in this type of transaction.
To view the video at it's original source Click Here
Paul Dunn Tucson's … (3 comments)

tucson: FHASecure short sale refinance helps 200,000 families get out of bad loans - 05/22/08 02:19 AM
The FHA Secure mortgage loan, sometimes called the FHASecure Short Sale Refinance, has just helped it's 200,000th homeowner get out of a bad mortgage loan.
The popularity of FHA loans and the FHA Secure mortgage loan is really picking up steam as during the first six months of the program HUD only funded 100,000 of these loans.  During the last 3 months FHA Secure mortgage loans have made up an additional 100,000 fundings.
Paul DunnTucson's #1 FHA Mortgage Loan Resource

tucson: FHA Mortgage Loans for the First Time Home Buyer - Paul Dunn Tucson's FHA - 05/07/08 05:05 AM
It's very interesting that many people have the initial idea that FHA somehow stands for First Time Home Buyer, and that the FHA Home Loan was designed with the First Time Home Buyer in mind.
In reality, the Federal Housing Authority (FHA) created the government guarnteed home loan back in 1934 with the idea of improving accessable and adequate home ownership.  The byproduct was the FHA Mortgage Loan with qualifying characterists that happen to fit the income, credit and asset profile of the First Time Home Buyer.
Today FHA Mortgage Loans play a significant role in financing for:
First Time Home Buyers Buyers with little … (0 comments)

Paul Dunn, former orginator

Paul Dunn

former orginator

Tucson, AZ

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