Kelly L. Zitlow

The Federal Housing Finance Agency, together with Fannie Mae and Freddie Mac, announced a series of changes to the Home Affordable Refinance Program (known as HARP 1) with the goal of helping more underwater Arizona homeowners to refinance.  Although the HARP 2 program took effect December 1^st 2011 many Arizona Mortgage lenders could not participate until Fannie Mae and Freddie Mac's automated underwriting systems were updated. Those updates to the Arizona mortgage lending systems were completed and HARP 2 for Arizona homeowners is now available!

Click here to read more about the guidelines and key points for Arizona Homeowner Eligibility:

I will continue to post updates as program guidelines evolve.

~ Kelly

You can be ready and eligible to buy a house again if you know the waiting period that applies to your personal situation and take the steps you need to prepare yourself. Buying a house after a bankruptcy, foreclosure, or short sale can be tough enough, you don't have to try to get back into the market by yourself. The following information is designed to inform and educate you while giving you hope and direction.

The most important decision you can make today is to choose an experienced and knowledgeable mortgage professional to develop a path to re-establish yourself as a credible and ready borrower. Many buyers will start returning to the Arizona real estate market at the same time and those who have taken the proper steps and are prepared will receive FHA, VA, and conventional home loans again and be able to take advantage of a buyers' market with still historically low interest rates.

Take a careful look through my "buying a house after" resources, please let me introduce myself by reading the "my story" page, and when you are ready to start the process during your foreclosure, short sale, or bankruptcy waiting period ... just fill out the private "connect with me" form and I will be in touch. You can qualify for a mortgage in Arizona again, you can achieve the feeling of home ownership and pride felt by buying a house after what you have endured if we plan ahead and work together.

Use the links below to gain insightful information regarding preparation for buying a house after one of these unfortunate situations:

• Buying a House After - The Waiting Period Chart

• Important Need to knows about Your Credit

• Buying a House Again Today with FHA

Click here for my most recent Arizona Mortgage Blog Posts

Click here for my most recent Arizona Mortgage Updates