A late payment on credit report

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A late payment on credit report may have a significant impact on your mortgage rate or even impact your credit approval for a new home purchase in Arizona. A recent 60 or 30-day late payment may drop the credit score as much as 60-100 points, especially if you have near perfect credit.  This is the… [Read More]

5 Conforming Mortgage Loan Benefits

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Today, let’s take a look at 5 Conforming Mortgage Loan Benefits in Arizona. Over the last few years, the most popular and cost effective mortgage for the Arizona Home Buyer is the Conforming Mortgage.  The government-sponsored entities that drive the conforming home loan market are Fannie Mae and Freddie Mac.   As part of their structure,… [Read More]

Arizona Conforming Loan Limits

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At the end of 2017,  the Federal Housing Finance Agency (FHFA) announced that it would raise the baseline Arizona Conforming Loan Limit for 2018, for most counties across the country, including all counties in Arizona.   The reason for the increase in conforming loan limits is related to significant home-price gains that occurred during 2017. In… [Read More]