Loan Programs
Purchase & Refinance Loan
Tucson | Phoenix | Sierra Vista | All Arizona
VA Home Loan
VA Home Mortgage Loans in Arizona
A VA home loan is a great option for Veterans and Active Military looking to purchase not only in Tucson, but all of Arizona. VA loans offer zero down payment with great rates.
FHA Home Loans
FHA Home Mortgage Loans in Arizona
An FHA home loan is a great option for first time homebuyers looking to purchase a home in Arizona. FHA loans were created in 1934 by the U.S. Department of Housing and Urban Development or HUD.
FHA 203K Renovation Loans
FHA 203K Renovation Loans in Arizona
The 203k home loan offers all the flexibility and low down payment of an Federal Housing Administration (FHA) loan with additional funds for improvements. With financing up to $35,000 towards cosmetic repairs, homebuyers are discovering the advantages of using a 203K rehab loan.
USDA Home Loans
USDA Rural Development Loans in Arizona
A USDA Home Loan is a great option for first-time homebuyers looking to purchase in rural areas. Although there are some qualifying restrictions, USDA loans offer zero down payment with great rates.
Manufactured Home Loans
Manufactured Home Loans in Arizona
Manufactured mortgages for Arizona homebuyers.
Not all lenders do Manufactured Home Loan Financing in Arizona an. Great news! Patriot Pacific is one lender that does do them. Single wide, double wide or triple wide, Patriot Pacific has you covered. Manufactured homes are very common these days, so don’t scratch them off your option list.
Conventional Home Loans
Conventional Home Loans in Arizona
One of the most common types of home loans is a conventional mortgage. These loans stand a part from most other common types of home financing because they are not underwritten to government guidelines, such as an FHA, VA, and USDA Rural Development Loans. Conventional loans, instead, are most often underwritten to either Fannie Mae or Freddie Mac guidelines.
What is a Reverse Mortgage?
Reverse Mortgages in Arizona
To become eligible for a reverse mortgage, you must be at least 62 years old and own your home. You must have equity in the house to pay off any outstanding balances, and your home must be occupied as your principal residence. All applicants are subject to a financial assessment to determine their financial capacity and willingness to pay obligations as part of the qualification process.
Bank Statement Loans
12 or 24 Month Bank Statement Loans
Bank statement loans, also known as self-employed laons or mortgages, are loans that primarily use your bank statements to verify income over typical income documents like W-2’s and tax returns. Unlike traditional loans which heavily rely on your income, credit rating, and employment status, bank statement loans emphasize your cash flow. You’ll typically need 12 or 24 months of bank statements, a good credit history, down payment and a reasonable debt-to-income ratio.
USDA Home Loans
USDA Home Loans
Most people in Arizona, South Carolina and North Carolina think of beef when they hear the words USDA. But did you know that the US Department of Agriculture also has home loan programs available? It is true.. if you meet the qualifications, you can purchase a home with a USDA Rural Development loan. USDA Loan Income Eligibility
Down Payment Assistance
Down Payment Assistance
What is Down Payment Assistance (DPA)? DPA programs are loans and grants designed to provide prospective homebuyers with money to help them pay for a down payment on a home purchase. Some down payment assistance programs also help with closing costs, which are the fees and charges you pay when you finalize your mortgage.
FHA Refinance Loans
Arizona homeowners have enjoyed the many benefits of homeownership. With mortgage interest rates at an all-time low, many are realizing the benefits of refinancing their FHA home loans. For others, there may be a hardship or uncertainty that might require them to tap into the equity that they have built up over the years. Whatever reason you decide to refinance your FHA loan, keep in mind that these programs are only available to responsible homeowners with a current FHA mortgage and is their primary residence.
If you are one of the 1000′s of responsible homeowners that has an FHA loan and have thought about refinancing to a lower mortgage interest rate, then there is some good news. New changes to the FHA Streamline Refinance Loan program will help you save even more
FHA mortgages can be used towards purchasing a home, building a home, or refinancing an existing mortgage.
Over the years, many FHA homeowners have discovered the FHA cash out refinance home loan. This program allows homeowners that have built up significant amount of equity in their homes to refinance and pull cash out. However, there are some basic criteria that you should be aware of:
The VA Streamline Refinance is also known as the Interest Rate Reduction Refinance Loan (VA IRRRL). The IRRRL allows you to refinance your current VA home loan interest rate to a lower rate than you are currently paying.
This Streamline loan is extremely popular because of its ease of use: once you have already been approved for your initial VA purchase loan, it is relatively simple to lower your interest rate and experience considerable savings. In most cases, a loan officer or lender with expertise in VA loans should be able to complete the loan within a month’s time in most cases.
Joseph Small and his team at Patriot Pacific Financial Corp is your trusted source for all your FHA, Jumbo, Conventional, USDA VA home loan needs. Give Joe and the team a call to get started. (520) 303-5620
Joseph Small is a licensed mortgage agent in Arizona, Alabama, North Carolina and South Carolina for Patriot Pacific Financial Corp; MLO-380188 . The postings on this Homebuyers Resource Center page don’t necessarily represent the positions, strategies or opinions of Patriot Pacific Financial Corp or its affiliates. This information is not guaranteed to be accurate and shall not be construed as a guarantee of loan approval. All loans are subject to underwriter approval, and are subject to change without notice.