Have you seen the great deals on properties in Arizona? There are quite a few houses selling in Queen Creek for below $100,000. These aren't dumps - they are Arizona FHA financing eligible properties!

There are FHA loan programs available whether you are refinancing an existing FHA loan or buying a brand new house with an FHA loan.

FHA loan highlights include:
  1. 3.5% down payment for new home purchases
  2. Monthly mortgage insurance is required
  3. Up Front Mortgage Insurance is required
  4. No prepay penalty for any Arizona FHA loan
  5. FHA loans allow seller to pay closing costs
  6. FHA loan refinance programs include the popular FHA streamline program, FHA 203k streamline and the FHA 95% 85% cash out program
An FHA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar heating or cooling systems, water heaters, insulation, weather-stripping, storm windows/doors or other energy efficient improvements approved by the lender and FHA.

FHA Loan Streamline Program

For those homeowners who already have an FHA loan, FHA designed the FHA streamline program to allow them to take advantage of lower interest rates when they are available without having to completely re-qualify for a new loan. Learn more about the FHA loan streamline program.

FHA Loan 203k Streamline Program

For people who are interested in buying a home that need a few repairs (many bank-owned properties fit into this category), the Arizona FHA loan 203k streamline program is popular. The FHA loan 203k streamline program allows people to finance up to 35,000 for eligible repairs and improvements.