Paul Dunn

"Tucson's #1 FHA Mortgage Loan Originator"

I'm a:	Real Estate Professional
Company:	First Priority Financial
Location:	Tucson
Web sites:	Tucson's #1 FHA Mortgage Loan Site
	USDA Guaranteed Rural Home Loans
Phone:	(520) 225-0380

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About Me

I am a mortgage professional located in Oro Valley Arizona. I've been in this crazy business since 1991 and have seen MANY market changes. I specialize in FHA Home Loans and USDA Rural Home Loan financing.

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Paul Dunn's Answers (2)

My house is worth less than I purchased it for, (I have no equity in it currently).

Asked Tue Jul 8 2008, 20:14 by Sean - Mesa - Financing - 8 answers

Paul Dunn answered:

Sean, I hear this story on a regular basis here in Arizona. There is a viable option IF you meet the program requirements and that is the FHASecure. I have some information on my website you can look at or feel free to give me a call. It basically allows your current lender to take a short payoff OR subordinate that portion that you are upside down on, allowing you to keep your home. - Fri Jul 11 2008, 12:33

My agent told me that FHA loans are a pain an they take longer to close on a home, but my mortgage broker

Asked Fri Jul 11 2008, 12:06 by Penny - All locations - Home Buying - 2 answers

Paul Dunn answered:

That depends. Given the current market conditions many conventional underwriters are now FHA underwriters and if your loan is one that requires a "manual" underwrite as opposed to an "automated" underwrite, it could take 3-4 weeks depending on the lender selected and the "issues" with the loan. An automated underwrite COULD go through in the amount of time your broker said. - Fri Jul 11 2008, 12:12

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