Many buyers who are looking at purchasing a home are puzzled and looking for the answer to the simple question "what is going on in the mortgage industry?" well, the simple answer is that there is no simple answer!

The industry is going through many changes and the Red Rock Newspaper wrote abrief article back in May which summarises rather well what’s hot and whats not in the industry right now – this still holds true today!

Stated income loans are particularly scarce at the moment as are lot loans. However FHA loans – backed by the faith and credit of the US Government are provinfg popular since the recent planned expansion of its guidelines and criteria. Similarly VA loans – for existing military personell and veterans are also popular.

If you are considering purchasing a home in Sedona, Arizona or the surrounding communities and would like more information on the area or assistance in looking for your dream home to relocate to then please contact Claudia Ault and her team in Sedona today.

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