Phoenix

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On Phoenix Home Mortgages.

Searching for a Phoenix home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a Phoenix home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media portray it to be.

Best Lender For Phoenix Home Mortgages

When looking for a Phoenix home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of Phoenix home mortgage lenders right now is ING DIRECT for Phoenix Home Mortgages. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications for Phoenix home mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering Phoenix home mortgages will approve applications in such a rapid manner.

Phoenix, Arizona Statistics & Related Info

Phoenix Information

Phoenix is the largest and most populous city in the state of Arizona. It is also the state capital and the largest state capital in the United States in terms of population. Phoenix is the only state capital with a population of more than a million. It is also the county seat of Maricopa County. It is the largest city in the American Southwest and the Mountain Time Zone as well as the second largest city in the Western United States after Los Angeles, California. It is the region's primary political, cultural, economic, financial, technological, and transportation center. Phoenix is located on the banks of what is now the normally dry Salt River. The city was incorporated on February 25, 1881. The city is also known by its nickname, The Valley of the Sun or The Valley, because the city is surrounded by mountains on all sides. Residents of the city are known as Phoenicians.

This popularity of Phoenix was one of the contributing factors to driving up the price of Phoenix real estate in the past decade. While prices have fallen some, homes in Phoenix are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Phoenix home mortgages readily available to buyers in a more expensive market like Phoenix.

Phoenix averages 85% of possible sunshine and receives scant rainfall, the average annual total at Phoenix Sky Harbor International Airport being 8.3 inches. On average, Phoenix has only 5 days per year where the temperature drops to or below freezing. Of course these factors along with many others contribute to the popularity of Phoenix real estate, which in turn, creates a very large demand for Phoenix home mortgages.

Phoenix is currently home to seven major Fortune 1000 companies: waste management company Allied Waste, electronics corporation Avnet, Apollo Group (which operates the University of Phoenix), mining company Freeport McMoRan (recently merged with Phoenix based Phelps Dodge), retailer PetSmart, energy supplier Pinnacle West and retailer CSK Auto. Honeywell hosts many factories for the building of military grade engines, as well as their company network gateway in Phoenix. Intel has one of their largest sites here, employing about 10,000 employees and 3 chip manufacturing fabs, including a $3 billion state-of-the-art facility. American Express hosts their financial transactions, customer information, and their entire website in Phoenix. The area is also home to US Airways Group, a Fortune 500 company located in Tempe also home to Insight Enterprises (also listed on the Fortune 500). Phoenix is also home to the headquarters of U-HAUL International, a rental company and moving supply store, as well Best Western, a hotel chain, is also headquartered in the city. This economic vibrancy translates into a high degree of availability of funds for Phoenix home mortgages.

Phoenix Home Mortgage Resources

Listed below are a variety of resources relating to Phoenix home mortgages:

www.azcentral.com

Phoenix Home Mortgage Loans

Arizona First Time Home Buyers Grants

Arizona First Time Home Buyer Programs

Arizona Home Mortgage Loans

Phoenix Home Mortgage Fraud

Current news stories about Phoenix Home Mortgages.

Finally, you may want to visit Mortgage Rates Predictions to find out if now is a good time to apply for a Phoenix Home Mortgage.