Tucson FHA Loans – Your AZ Mortgage Home

You can use an FHA Refinance Mortgage Loan to pay off an existing Land Contract or Contract for Deed in Tucson or anywhere in Arizona. The FHA Refinance Mortgage Loan allows a homeowner who does not have a vested interest in the title to the property but who does have valid Land Contract, Contract for Deed, or other similar instrument, to pay it off with an FHA Refinance Mortgage Loan.

It can be done in one of two ways:

• An FHA Refinance Mortgage Loan
• An FHA Purchase Mortgage Loan

If the homeowner has lived in the property for at least 12 months, the new FHA Refinance Mortgage Loan will be based on the current appraised value of the Real Estate.

If the homeowner has lived in the property for less than 12 months, the new Arizona FHA Mortgage Loan will be based on the lesser of:

• The current appraised value, OR
• Documented costs to acquire the property including;
  • Purchase price
  • Rehab Costs
  • Repair Costs
  • Renovation Costs
  • Closing Costs
  • Discount Points

In some cases, the borrower may even be able to pull cash out with the Arizona FHA Refinance Mortgage Loan.

You can apply here today for an FHA Refinance Mortgage Loan in Arizona.

For a Quick FHA Refinance Quote, please complete the following form:

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