FHA Loans 2018-10-25T22:58:20+00:00

FHA Loans

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Arizona Mortgage Calculator

Calculate your monthly mortgage payments, interest rate, property taxes, and home insurance!

Home Affordability Calculator

Evaluate how much real estate you can afford with our quick and simple affordability calculator.

Arizona Refinance Calculator

Determine whether refinance is the right choice for you with our easy-to-use refi-calculator.

Advantages of Arizona FHA Loans

FHA loans are popular among Arizona homeowners because they are insured by the Federal Housing Administration, which means the borrower doesn’t have to pay for private mortgage insurance.

Borrowers prefer FHA home loans because they are less expensive, and banks favor this mortgage option because there is less risk if the borrower defaults. FHA loans also offer more flexible terms for those who don’t have as much saved for a down payment or who don’t have phenomenal credit.

Here are a few things to know about FHA loans if you are shopping for a home loan:

  • The required down payment can be as low as 3.5 percent
  • You can get either a fixed-rate loan or an adjustable-rate mortgage
  • Fixed-rate terms can be from 10 to 30 years
  • FHA loans are typically capped, but some counties targeted for development qualify for a higher amount
  • You must have a minimum credit rating of 580 to qualify


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Apply for an FHA Loan in Arizona

Are you on the search for your first home in the Phoenix Valley? Many first-time home buyers seek out FHA because of their affordable down payment option, low credit score requirements, and typically very low or reasonable interest rates.

However, FHA loans are not the only options for first-time home buyers or home buyers looking for affordable loan terms. Talk to the home loan experts at KHoward Mortgage Team today to learn about FHA loans and other loan options that might suit your financial goals and needs. Our team will work hard to find the home loan that will give you the best terms and help you get into the home of your dreams.

FHA One-Time Close Construction Loans

There are many different options for home buyers throughout the Valley, including FHA one-time construction loans. This type of loan may be somewhat difficult to understand, but with help from a Mesa mortgage lender, we can help you understand every facet of this particular loan. The FHA one time close construction loan permits the purchase of an existing one to four unit home but may also finance the construction of a one to four unit home.

The qualified team of Arizona mobile home lenders and FHA one-time close lenders at KHoward Mortgage Team are licensed lenders who can help you you through every detail of applying for an FHA One-Time Close Construction Loan. We have qualified Mesa mortgage loan officers who can assist you with your home financing options, and who are willing to work with you for these difficult loans. FHA loans are great for giving buyers an affordable option when financing a house, and with help from our friendly lenders, you can get the financing you need.


Mortgage Payments & Affordability

Purchase price
Please enter here the amount you expect to pay for a home.
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Down payment
Down payment is cash that you pay upfront for your home.
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Term in years
Number of years you have to pay.
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Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
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Property tax
Enter your property tax here if you know it.
per year
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Home insurance
Most lenders require home insurance. Enter its price here.
per year
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PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
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Your total monthly payment


Principal & Interest: $
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