Arizona has been one of the hardest hit housing markets in the U.S., with many homeowners facing negative equity due to plummeting property values and high adjustable interest rates, as well as treading against nationwide unemployment figures. Cities like Phoenix, Mesa, Scottsdale, Lake Havasu City, Tucson, Maricopa and Apache Junction are at the heart of the Arizona housing crisis -- the list continues to grow. The housing market boom of the past has been turned on its head, leaving behind the adage that what goes up must eventually come down.

While the housing market has shown some hopeful signs of recovery, the uptrend carries little promise for the thousands of Arizonans with upside down mortgages. Many homeowners are trapped, unable to tap into historically low interest rates due to skewed loan-to-value ratios, rendering them ineligible for traditional refinancing. However, with M3 Strategy, you may be able to qualify for a short refi.

Arizona Short Pay Refinancing -- Mortgage Solutions for AZ Homeowners

If you are upside down on your mortgage, in good standing on your loan and have a decent credit profile, an AZ short pay refi may be the road to a better loan situation. With an Arizona short refinance, your current lender agrees to forgive a portion of the loan principal, making it possible to qualify for an FHA loan refinance.

Obtaining a new mortgage through short refi lenders in AZ can lower your monthly payments via the forgiven portion of the principle. This allows you to keep the home without the worry of drowning in mortgage debt.

AZ Short Pay Refi Qualifications

In order to be eligible for Arizona short refinancing, your property must be located within the state. In addition, your home must be the primary residence.

Don't let unsuccessful past attempts with your lender discourage you from moving forward. The Arizona short refinance negotiation process involves a complex process that must be executed properly by mortgage experts who specialize in short pay refi.

Contact M3 Strategy for a professional evaluation of your mortgage situation and to learn more about short refinancing in Arizona. Whether negative equity, financial hardship or an ARM that's en route to balloon, we can help you take control and turn your situation around.

Arizona Short Refinance -- FHA Lending Limits

The following is an overview of FHA lending limits for some of the more familiar regions in Arizona, arranged alphabetically by county and according to the type of property, whether single family home, duplex, triplex or four-plex. For a complete list of lending limits in Arizona, visit the FHA website.

APACHE / NON-METRO

Single Family $281,250
Duplex $360,050
Triplex $435,200
Four-plex $540,850


COCONINO / FLAGSTAFF, AZ (MSA)

Single Family $450,000
Duplex $576,050
Triplex $696,350
Four-plex $865,400


MARICOPA / PHOENIX-MESA-SCOTTSDALE, AZ (MSA)

Single Family $346,250
Duplex $443,250
Triplex $535,800
Four-plex $665,850


MOHAVE / LAKE HAVASU CITY-KINGMAN, AZ (MICRO)

Single Family $322,500
Duplex $412,850
Triplex $499,050
Four-plex $620,200


PIMA / TUCSON, AZ (MSA)

Single Family $316,250
Duplex $404,850
Triplex $489,350
Four-plex $608,150


PINAL / PHOENIX-MESA-SCOTTSDALE, AZ (MSA)

Single Family $346,250
Duplex $443,250
Triplex $535,800
Four-plex $665,850


YAVAPAI / PRESCOTT, AZ (MSA)

Single Family $390,000
Duplex $499,250
Triplex $603,500
Four-plex $750,000

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