Mortgage Revenue Bonds in Arizona

wstout2095 · Joined: 19 Jun 2007 Posts: 1 Location: Arizona

Does anyone know if mortgage brokers can participate in these programs. I have contacted the arizona housing authority and they don't answer. I know of a company in arizona that is advertising these bond programs, but how do we get approved to do these? Any help would be greatly appreciated.

m2c · Joined: 03 Aug 2005 Posts: 743

If it works the same as in my state, the answer is yes. Don’t contact the housing authority. They know what’s going on but that’s NOT how the legislation is probably written – Fannie/Freddie sellers, close with your own money, etc. Contact the master servicer. They will usually cut deals. You use their DO; they validate; they table fund; and, of course, they charge another fee but this can likely be passed on.