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What is a Mortgage Revenue Bond and how does it work? |
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A Mortgage Revenue Bond (MRB) is a type of program that provides mortgage financing for affordable housing through the sale of taxable or tax-exempt bonds. |
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What is a Target Area? Where are they located in Arizona? |
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Target Areas are specific census tracts that have been identified by the Federal Government for purposes of increasing homeownership. For a list of Target Areas in Arizona, please contact a participating lender. |
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What is an FHA or VA loan? |
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FHA
(Federal Housing Administration) loans are mortgages insured by
the Department of Housing and Urban Development (HUD). FHA loans require
less of a down payment than most conventional mortgage loans. An FHA
loan also has less stringent credit guidelines, therefore making it
easier to qualify for a home purchase. Click
here to learn more about FHA loans. A VA loan is a mortgage loan that is guaranteed by the Veterans Administration (VA). The loan is only available to veterans of past or active military duty. The VA loan does not require any down payment. Click here to learn more about VA loans. |
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Terms of Use :: Privacy Policy :: web design by aire design co. © 2004 Family Housing Resources. All Rights Reserved.
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Family
Housing Resources, Inc. • PHONE 800-622-7462 • FAX 520-323-3788