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Home Loan – Sun American Mortgage | Arizona, Utah, California

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The CARES Act Relief Bill and How it Can Help You as a Homeowner

What is the C.A.R.E.S. Act Relief Bill and How Can it Help You as a Homeowner? The CARES (Coronavirus Aid, Relief, and Economic Security) Act is a new federal law and relief program for homeowners that may be experiencing severe financial hardship due to the coronavirus pandemic. This act provides a payment deferment option to …

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Mortgage Lender Arizona

Breaking News!! FHFA Announces Maximum Conforming Loan Limits for 2020

In a recent news release, the Federal Housing Finance Agency announced an increase on the maximum conforming loan limit by nearly $100,000 since 2016. Starting January 2020, the conforming loan limits for Federal National Mortgage Association (aka Fannie Mae) and the Federal Home Loan Mortgage Corporation (Colloquially known as Freddie Mac) will be more than …

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Mortgage Companies in AZ

Huge Updates – FHA Makes it Easier to Finance Condos

Starting October 15, 2019, FHA is updating their guidelines to make financing a condo easier for owners. This has been a long awaited update that will allow for individual unit approval and relax it’s requirements to make more properties eligible for FHA financing.  This new policy creates flexibility within changing market conditions. This update includes …

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