FHA Arizona (formally Go Green Financial) is dedicated to providing new, exisiting, and prospective homeowners with affordable, government-backed home mortgages at extremely low rates.

FHA loans have replaced sub-prime loans. Sub-prime loan programs were dedicated to providing those individuals with less than perfect credit, affordable, easy to acquire home loans. Many of the same criteria that were used to obtain a sub-prime loan previously, are now used to obtain FHA loans. Moreover, with the new FHA Secure program, you can currently be in default and still qualify for an FHA loan.

NOTE: Because of the numerous FHA loan programs available, we have removed our online application form. We encourage you to contact us via email or phone so that we can best provide you with specific answers to your questions. This will expedite the loan approval process.

Below is a brief overview of the benefits of FHA loans.

The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. The FHA is the largest insurer of mortgages in the world, insuring over 34 million properties since its

inception in 1934.

Benefits of FHA Loans

Easier to Qualify: Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify (i.e. lower rates, longer repayment terms, lower down payments, etc…)

Less than Perfect Credit: You don't have to have a perfect credit score to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA loan than a conventional loan.

NO or Little Down Payment: FHA loans provide a Down Payment Assistance Program which allows the Seller to contribute the entirety of the 3% down payment required by FHA. Best of all, the down payment for your new FHA loan can come from a family member, employer or charitable organization (Seller) as a gift. Other conventional loan programs don't allow gift money to be used as a down payment.

NO or Little Closing Costs: FHA loans allow the Seller to contribute 3% of ALL Closing Costs to the Borrower. For example, on a $250,000 purchase, the Seller can contribute up to $7,500 towards ALL Closing Costs. And 99.9% of the time, that amount is more than enough to cover Closing Costs.

Cost Less: FHA loans have competitive interest rates because the Federal Government insures the loans. It’s always best to compare an FHA loan with other loan types. For many buyers, an FHA loan is their gateway to the American Dream of homeownership.

Helps You Keep Your Home: The FHA was formed in 1934 and is a division of the US Government. You can rest assured that FHA and HUD will be around for many years to come and will continue to work to protect you, the homeowner. Should you encounter hard times after buying your home, FHA has many options to help you keep you in your home and avoid foreclosure. FHA refinance and FHA streamline refinance products are available if needed in the future.

FHA insures mortgages made by approved FHA lenders to individuals and non-profit and government agencies that are approved to participate in HUD's programs; HUD does not loan money to homebuyers. An FHA loan is normal mortgage loan that can be obtained through any approved FHA loan center. FHA loans are backed by the power and security of a government insurance program. You get the money you need with the security of the United States Government helping to secure your FHA loan.

Generally, to be eligible for an FHA loan, you must have a valid social security number and have lawful residency in the United States and be of a legal age to sign on a mortgage in your state. Lenders will verify income, assets, liabilities, and credit history for all parties on the loan. With an FHA loan, you cannot take an ownership interest in a property without qualifying for the loan.

FHA's mortgage programs do not typically have maximum income limits for qualifying, although you must have sufficient income to qualify for the mortgage payment and other debts. Income limits may be present when qualifying for down payment assistance or other secondary financing programs (including those funded by HUD) that may be used in conjunction with an FHA loan.

FHA does not have minimum credit score requirements, although past credit performance serves as the most useful guide in determining a borrower's attitude toward credit obligations and predicting a borrower's future actions. Using FHA's established guidelines, FHA lenders will make a credit determination based on the merits of each case. The best way to determine how much you can borrow is to get pre-qualified for your FHA loan.