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Monthly Archives: September 2010

New FHA Upfront MIP on Oct. 4, 2010

Written on September 30, 2010 by in Blog

New FHA Upfront MIP on Oct. 4, 2010 Arizona FHA Homebuyers will see the new FHA Upfront MIP go down as of October 4, 2010. Over the past 2-3 months, Congress has taken action and passed H.R. 5981. This bill gives FHA the authority to adjust it’s annual mortgage insurance premium yielding approximately $300 million per month…

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USDA Home Loans in Arizona

Written on September 8, 2010 by in Blog

USDA Home Loans in Arizona It is official, Academy Mortgage is at 100% capacity to issue loan approvals on USDA loans.  As of September 8, 2010, USDA’s GUS System is fully functional and we are accepting applications to get qualified for a USDA home loan. USDA Loan Requirements: 620 FICO Score 120% Median Income 3.50%…

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