For owner occupant buyers ready to purchase this is a fantastic
opportunity. Best part is buyers using FHA Loan financing are
eligible to use the $100 Down FHA Loan program! You can check out
Arizona listings and read the fine print at www.hudhouseauction.com
You can read the highlights of this program for Arizona FHA
Loan buyers on my
Arizona Mortgage Market Newsletter by clicking here.
Call me if you need any assistance in preparing buyers for the
Many potential buyers in the Arizona market today are curious
about their credit scores especially if they have had a bankruptcy,
foreclosure or short sale and are hoping for buying a house after
one of these. I've recently added a great tool on my website ~ www.kellyzitlow.com ~ for
potential buyers to order a tri-merge credit report with mortgage
credit scores and an analysis of what they can do to increase their
There are many websites available online to pull credit, however
the majority of them do not report credit scores the same way
scores are reported when an Arizona mortgage lender pulls credit.
Mortgage credit reports have their own unique scoring model.
This is especially important for those people who are pulling their
credit in preparation of buying a house again. If a
buyer is working on increasing their credit scores for buying a
house again, it's important for them to have the right information
to do so!
Cherry Creek Mortgage worked closely with a credit agency to
develop a system in which my Arizona client's can have access to
this vital information needed to prepare for and obtain an Arizona
It's simple to do!
Step 1- Go to my website www.kellyzitlow.com
Step 2- Click on the "Credit
Analysis" secured link
Step 3- Enter personal information and payment
method (the cost is $25 and is paid directly to the credit
Step 4- A credit analyzer report is immediately
emailed. The report provides them with the critical factors
impacting their scores and the best credit tips to take to maximize
their credit, including potential score improvement
Step 5- I will send them a link to access their
entire tri-merge credit report which includes their Mortgage Fico
scores and will be available to review their credit profile with
The credit standing of many in Arizona has suffered as a result
of the economic turmoil our Arizona market has experienced over the
last few years. Empowering people to obtain their credit
report so they can take action to improve their credit scores while
preparing for buying a house again will help get them on the path
to homeownership more quickly!
Feel free to contact me should you have any questions regarding
this exciting new tool.
Amazing….it snowed only 3 weeks ago and now it's supposed to be
85 degrees this week! Enjoy these "mild" sunny days before the real
heat hits. J
USDA Updates Eligibility Boundaries for
USDA Rural loans have been an extraordinary mortgage tool for
many cash strapped Arizona buyers by offering 100% financing with
NO monthly Mortgage Insurance. The USDA has recently updated
their boundaries for homes eligible for Rural mortgage
financing. The following USDA website allows you to view an
Arizona map and determine specific property eligibility within the
Arizona market. The map is very user friendly allowing you to
zoom right in to view exact street locations.
As a whole, most of Maricopa County is ineligible for rural
financing with the exception of Buckeye and certain parts of
Anthem. Most of Pinal County is eligible. All of San
Tan Valley and the Pinal County portion of Queen Creek are
If you have a buyer interested in rural financing, I encourage
you to visit the USDA website and call me and I can assist you in
determining an eligible Arizona property.
I've listed a few reminders of the mortgage program on my weekly
newsletter post along with a couple of contract writing tips
now that the new AAR Contract has been released.
Feel free to contact me with any questions you have about this
wonderful ZERO down mortgage program!
80 degrees in the forecast! I hope you have the opportunity to
get outdoors and enjoy the beautiful weekend ahead.
New AAR Contract &
The new Arizona Association of Realtors (AAR) contract will take
effect Monday 2/28. I know many of you have attended a class
or two on the new contract and your heads might be spinning right
about now! While some of the changes might feel a bit
overwhelming, I'm confident the new contract will create better
communication between all parties involved as well as provide
mortgage details that agents have wanted over the years. My
team and I have systems in place to utilize the new forms and
contract to their full potential. Keeping the buyer, and the
agents informed of our progress has attributed to our success over
the years and we intend on maintaining this goal by incorporating
the PQF and LSU.
The biggest concern I'm hearing from Arizona agents regarding
the contract relates to the LSU and getting Arizona mortgage
lenders to complete the form. I'm shocked to hear there are
mortgage lenders out there that don't understand their role in the
home buying process. That being said my answer has been simple
~ .....find an Arizona Mortgage Lender that will
provide the PQF and LSU!
I thought it might be helpful to you to share some of the key
points regarding the Financing (section 2) portion of the new
Arizona contract, the PQF and LSU.
Click here to read my complete newsletter on this.
Below are links to the new forms in case you haven't had a
chance to review them yet.
~ Sample Contract
~ Sample PQF
~ Sample LSU
Feel free to contact me with any questions you have about the
financing section of the new contract, the PQF or LSU. I'm
happy to discuss how we can work together to incorporate the new
Arizona contract into our respective businesses.