Hi - I noticed in the contract that there is something about job verification after closing. This closing company sells all its mortgages. So, if the closing is in the middle of February,and the first payment is due in April, do I risk losing the refi if
All AZ Mortgage Lenders do random post close quality control reviews in order to prevent mortgage fraud. This occurs on a small percentage of closed home loans, whether the loans will be sold or not. If you lose your job AFTER you close your loan, the bank is not going to retroactively cancel your loan! As...

Can I Get an FHA Loan With a Credit Score of 600?
FHA purchase loans are available in AZ with credit scores as low as 580. These FHA loans do require a 3.5% down payment with steady income, and 12 months of on time mortgage or rent history. FHA also provides a streamline refinance mortgage program in AZ that does not require a credit score, an appraisal,...

could i go zero down for VA with a 620 credit score?>
I provide VA Home Loans in AZ with Fico Credit Scores as low as 550. Eligible AZ Veterans can Buy, Refinance, or Take Cash Out up to 100% of the property value.Contact me anytime with questions (480) 424-7144 or www.azcentralmortgage.com

best loan scenario for bad credit?
Mortgage loans are available in AZ with a 580 credit score. The interest rate would be slightly higher than Conventional mortgage rates, but you might be presently surprised. In order to provide specific figures for your AZ Home Purchase, a would need to know the estimated purchase price, and whether...

Don't lenders fees have to be listed on a GFE??
Lender fees do need to be listed on a mortgage loan estimate in AZ, however there are mortgage programs also available in AZ with no closing costs required. If you are seeking a no cost purchase or refinance mortgage loan in AZ, you can contact me directly with your questions at (480) 424-7144, or www...

Can I change different house during underwriting?
If your mortgage rate is locked in, and you change properties, you will likely get the current market interest rate. That is the policy of most AZ mortgage banks. Do what you think is right. Steve Bernstein (480) 424-7144 www.azcentralmortgage.com

Is there a waiting period after a foreclosure on a conventional loan.
Conventional mortgage loans require a 4 year waiting period from the discharge of a Bankruptcy, and a 7 year waiting period from a Foreclosure, Deed in Lieu of Foreclosure, or Short Sale. The waiting period for FHA loans is 2 years from BK discharge, and 3 years from Foreclosure, Deed in Lieu of...

Can I get a mortgage with a 600 credit score first time home buyer?
First time homebuyer programs are available in Arizona for buyers with credit scores as low as 580. These programs typically require a 3.5% down payment and strong compensating factors including stable employment and income. It's also important to be able to verify at least 12 continuous months of on...

Does appraisal mean approved?
An Appraisal is one item used by mortgage lenders to Approve Home Loans. There are additional variables that mortgage banks review to determine whether to approve a Home Loan. Following are the 5 C's considered, when approving a mortgage: 1. Collateral - Property Appraisal2. Credit - Fico Credit...

what is the income figure?
In general, the income figure used to qualify for a mortgage in AZ, is Gross Monthly Income. Different types of income are calculated differently. For example if you are a wage earner, your income will be calculated based on your current gross monthly base income. If you are self employed, or you receive...

Can I obtain a Mortgage 1 year after a bankruptcy discharge?
You are not likely to be approved for a mortgage, 12 months after a bankruptcy discharge, unless the bankruptcy was due to a major illness that resulted in extensive medical expenses, or loss of substantial income. There are alternative mortgage loan programs that do allow a bankruptcy in the past 12...

I am in the first stage of default want to correct it how?
Contact your mortgage servicer immediately, to discuss your loss mitigation options. Most lenders have a loss mitigation department, that is available to help you get your mortgage back on track. Depending on your lender, loan type, and existing circumstances, there are likely options available...

I need to find out who is the actual investor for my the house address is 505 Fredrica ave Jackson ms 39209 I no who my loan servi
You might want to search your county recorder's office to see who recorded your deed and note. http://www.jacksongov.org/323/Searching-Documents-Online. You can also search the FNMA & FHLMC websites to see if they own your current mortgage note: https://www.knowyouroptions.com/loanlookup or...

Are no money down conventional loans possible?
I have a great 1% down payment purchase mortgage available for buying a Home in AZ. It's an awesome mortgage for those who qualify! The program does have specific credit, income and property requirements, so I would need to talk to you directly. By the way, the bank also matches your 1% down payment with...

Lender for a manufactured home?
I you are Buying or Refinancing a post 1976, Doublewide Manufactured Home in AZ, I would be happy to assist you with a low down payment, low interest rate AZ Mortgage Loan. The minimum loan amount is $100,000. For additional details, contact local AZ Mortgage Expert Steve Bernstein (480) 424-7144 www...

Refinance home what do you think refinance rates will look do next week? Up? or down?
Mortgage rates in AZ have been quite volatile over the past couple of weeks, hence there is no clear short term mortgage rate trend. In general mortgage rates have been trending up since Donald Trump was elected POTUS on November 8, 2016. So, if you can get a good mortgage rate that makes sense for your...

Do I need to get pre-qualified if I'm paying cash for a home?
No

Is there a lender with a 1% down payment program available?
I provide a 1% down payment mortgage loan in AZ, but this loan program has some specific mortgage approval requirements: 1. A borrower's middle credit score must be 700 or higher, 2. The AZ Homebuyer cannot own any other real estate at the time of closing, and 3. Gross household income cannot exceed...

How is my income determined for qualifying for a fha loan if I make commission only and it varies?
According to FHA guidelines in AZ, a borrower who earns commission income can qualify with a minimum of 12 month's history of receiving commissions. Specifically an FHA borrower whose income is greater than 25% of earnings, "must calculate Effective Income for commission by using the lesser of (a)...

home equity loan
We only provide Purchase, Refinance and Cash Out Refinance mortgage loans in AZ. If you have questions about a low interest rate 1st mortgage in AZ, please contact AZ Mortgage Expert Steve Bernstein To Save! (480) 424-7144 www.azcentralmortgage.com/azmortgagerates