Veterans Affairs (VA) loans are better than FHA and Conventional loans.
There is a "right program" for every mortgage borrower, but for many, the VA loan stands apart for its combination of low rates, lenient underwriting, and secondary benefits.
The VA loan asks for no down payment, requires no mortgage insurance, allows flexible guidelines for qualification, among its many other advantages.
Backed by the U.S. Department of Veterans Affairs, VA loans are designed to help active-duty military personnel, veterans, and certain other groups become homeowners at an affordable cost.
Benefits of the VA loan include:
* No down payment requirements, making the VA a truly no-money-down opportunity
* No mortgage insurance requirements and low closing costs, saving you money upfront and overtime
* More credit and income flexibility, making it easier for eligible borrowers to qualify
AZ Financial, LLC has Great Respect and Admiration for our Veterans.
We guarantee the lowest interest rate and closing costs for any Purchase or Refinance transaction.
Most borrowers think they are not ready or don't know they can qualify for a mortgage loan. It's time to take action now.
We understand your challenges, and AZ Financial, LLC will help get you into homeownership today.
Are you a Veteran in crisis or concerned about one? Connect with the Veterans Crisis Line to reach caring, qualified responders with the Department of Veterans Affairs. Many of them are Veterans themselves.
Call 1-800-273-8255 and Press 1
or Text 838255
Call or Text AZ Financial, LLC at 480-787-5777 to get your complimentary mortgage analysis for all * VA * FHA * Conventional * USDA * Purchase or Refinances.
Click on ***BUYER GUARANTEE*** to see
FHA News - Effective January 1, 2024, FHA now allows 580 middle credit scores for first-time home buyers. Check out our "NEWS" for more details. Don't wait, contact us today to get started.
ARIZONA LOAN LIMITS for 2023:
FHA insured loans are:
One-Family $100,000.00 - $498,257.00 up to $1,149,825.00
Two-family $100,000.00 - $637,950.00 up to $1,472,250.00
Three-family $100,000.00 - $771,125.00 up to $1,779,525.00
Four-family $100,000.00 - $958,350.00 up to $2,211,600.00
Fannie Mae/Freddie Mac Conforming loans are:
One-Family $150,000.00 up to $766,550.00
Two-Family $150,000.00 up to $981,500.00 Three-family $150,000.00 up to $1,186,350.00 Four-family $150,000.00 up to $1,474,400.00
Jumbo / Non-Conforming loans are: any loan amount above $766,551.00 +
*****FEDERAL RESERVE Meetings for 2024*****
For more FOMC news click on the link below:
The Fed - Meeting calendars and information (federalreserve.gov)
Another Irresistible Offer brought to you only by AZ Financial, LLC:
Veterans, what are you waiting for? Stop paying rent and buy now.
Hey, all you existing homeowners, lower your monthly mortgage payment or consolidate your debts with a no-cost refinance. Call or Text us today for details. Feel confident; you will NOT be disappointed.
What is a VA Loan?
The VA loan is a $0 down payment mortgage option available to Veterans, Service Members, and select military spouses. VA loans are issued by private lenders and guaranteed by the U.S. Department of Veterans Affairs (VA).
The VA Home Loan was created in 1944 by the United States government to help returning service members purchase homes without needing a down payment or excellent credit. This historic benefit program has guaranteed more than 25 million VA loans to help veterans, active-duty military members, and their families purchase homes or refinance their mortgages.
Today, the VA Mortgage is more crucial than ever. In recent years, lenders nationwide have tightened their lending requirements in the wake of the housing market collapse, making the VA loan a lifeline for Veterans and active Military homebuyers, many of whom find difficulty when faced with strict credit standards and down payment requirements.
Like all home loans, VA Mortgages have considerable details and information to review. We encourage you to use our website's educational resources to learn about the specifics of this exclusive home loan benefit. To start your VA Loan, talk with a Licensed Loan Advisor today.
