Home Buyers in Queen Creek AZ are Using FHA and USDA Mortgages to Finance Their Homes
Many home buyers in Queen Creek AZ are taking advantage of FHA fixed rate mortgages. In a fixed rate mortgage, your interest rate stays the same for the term of the mortgage, which normally is 30 years. The advantage of a fixed rate mortgage is that you always know exactly how much your mortgage payment will be, and you can plan for it. Also, because of its rural location, many first time home buyers are using the available USDA loans to buy their house in Queen Creek. Both FHA and USDA loans offer great interest rates, flexible terms and low down payment options.
Queen Creek AZ is a fast growing community located within a 45-minute drive from Phoenix. Families on irrigated acre lots and in friendly subdivisions live among farmers and ranches, enjoying a rural lifestyle. A citizen-created General Plan guides development and emphasizes quality homes and lifestyle preservation. The award-winning General Plan includes over fifty housing subdivisions, several parks and substantial open space. The town is comprised of 26 square miles and is close to Williams Gateway Airport and ASU East.
Queen Creek experienced tremendous growth in the past ten years. According to information from the AZ Dept of Commerce and US Census Bureau, the population increased from 4300 to 23,800 between 2000 and 2008. However, this extreme growth led to over-speculation by developers and home builders in the past 4 years. The economic crisis caused by the subprime meltdown resulted in a high number of foreclosed and vacant houses in Queen Creek and property values plummeted. Now, many home buyers are taking advantage of the surplus of affordable homes in the area. Many of which are located in strong, friendly communities.
I have had the opportunity to help numerous home buyers with their Queen Creek AZ FHA mortgage. If you have questions and would like to find out more information, contact me today.
Steve Lines
Authorized FHA Loan Consultant and Co-Branch Manager
Serving all of the Phoenix Metropolitan Area
480-344-3662 (direct)
480-329-3346 (mobile)
slines@bestfhalender.com (email)
www.bestFHAlender.com (my blog)
www.twitter.com/stevelines
http://www.linkedin.com/in/stevenlines
*This is not an offer to lend. 
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