FHA Loans In Payson AZ

FHA loans are a great option for people searching for Payson AZ homes for sale.

Here is a quick list of why you should use an FHA loan to buy your Payson AZ home.

• FHA loans are a great program for first time homebuyers in Payson AZ.
• FHA loans are good for borrowers with low credit scores
• FHA loans are great if you need down payment assistance.
• FHA interest rates are very competitive.
• FHA loans are assumable.

Payson AZ, located in Rim Country, is a popular place to live because of its temperate mountain climate and its relatively close location to the Phoenix metropolitan area. It is almost exactly in the geographic center of Arizona and sits at the base of the majestic Mogollon Rim – a 7,000-foot high, 200-mile long escarpment in the world’s largest Ponderosa Pine forest. The 5,000 foot elevation gives Payson its pleasant climate and four mild seasons.

Neighboring communities that, with Payson, make up the Rim Country Community include Star Valley, Christopher Creek, Pine and Strawberry.

So, if you are thinking of buying a home in Payson AZ, you should consider an FHA loan. Their interest rates are competitive and compare reasonably to conventional loans. They do require mortgage insurance, but so do conventional loans if you don’t put 20% down.

FHA loans have been around for over 75 years. However, there are common misconceptions that exist about them. You may have heard that they take too long or that they require too much paperwork. This is not true. But, many misconceptions about FHA loans still exist. Finally, if for some reason you fall on hard times, FHA loans offer different options to help you avoid foreclosure and keep your home.

Call or contact me today if you would like to get prequalified for an FHA loan and you can start searching for your Payson AZ homes for sale.

Steve Lines
480-344-3662