Tiffoni Arthur
Producing Sales Manager
NMLS#
2156450
Branch Address
7770 Jefferson St NE Ste 108, Albuquerque, NM 87109
Phone
Office: 505-494-7661
Social
Meet Tiffoni Arthur, a seasoned professional in the financial industry since 1999, and a licensed Loan Officer since 2021. With an in-depth knowledge of consumer lending and compliance regulations , Tiffoni has become a trusted expert in the world of home financing. She holds licenses in both New Mexico and Kansas, serving clients across both states.
Tiffoni specializes in VA loans and understands the unique needs of veterans and their families. She grew up as “military brat” herself, moving every 6 months to 2 years as her father served in the United States Air Force. She is married to an ex-Marine as well. Because she is so drawn to helping Veterans, she is currently working on obtaining the Veteran Lending Specialist certification (CVLS) through the National Association of Mortgage Brokers (NAMB).
Additionally, she genuinely enjoys assisting those with less than perfect credit. During her time working in compliance, Tiffoni dealt with consumer finance complaints and really honed her problem-solving skills and passion for educating borrowers. She draws from that experience now as she helps her clients navigate the mortgage loan process. She believes in empowering her clients with knowledge and guides them through the homebuying process step by step.
Beyond the world of mortgages, Tiffoni has a zest for adventure. She finds solace being outdoors, and enjoys mountain biking, hiking, and riding her dual sport KTM 350 dirt bike. She is a member of the Eagle Rock Shredders club and recently took 1st place in her age group at the Tour de Dirt Jelly Roll Mountain Bike Race in Independence, Kansas.
Tiffoni also helps on her family’s cattle ranch and maintains a 10-acre homestead of her own, raising chickens, tending a garden and bee keeping.
With a blend of financial and mortgage expertise coupled with a passion for helping others, Tiffoni’s clients appreciate her patience and guidance knowing they are in capable hands. Tiffoni Arthur isn’t just a Loan Officer; she’s a dedicated partner in your journey to homeownership.
I am here to serve you and to tailor a loan that meets your needs.
Mortgage Programs Explained
There is no one-size-fits-all when it comes to mortgage lending. MiMutual has numerous loan options to fit every budget and situation. At MiMutual Mortgage, you can expect a one-on-one consultation to determine the right loan program for your unique situation.
A Conventional loan is a mortgage not guaranteed by the government. However, most conventional loans will follow the guidelines established by Fannie Mae (FNMA) and Freddie Mac (FHLMC). This type of loan is good for borrowers with a favorable credit score and allows more flexibility in loan terms and higher loan limits.
Unlike FHA, VA or RD loans, conventional loans do not require private mortgage insurance (PMI) unless the borrower has less than 20% down. 20% down however, is not a requirement and some conventional loans allow as little as 3% down! Once the loan reaches 20% equity, PMI can be canceled.
In addition to standard conventional loan programs, MiMutual Mortgage also offers the following niche conventional loan programs:
- Fannie Mae HomeReady
- Freddie Mac Home Possible
- Freddie Mac HomeOne
- Freddie Mac Refi Possible
Government loans are backed by the federal government. The loan is funded or originated by the mortgage company, but has a guarantee from either the Federal Housing Administration (FHA), USDA Rural Development (RD), or US Dept of Veterans Affairs (VA).
Government loans open the door for borrowers that have little to no money saved for a down payment, a challenging credit history or have lower credit scores. Government loans offer easier qualifying requirements and are widely used in the industry.
Government-insured loans can be used for purchase, renovation (through the FHA 203(k) loan), or refinance transactions.
Government loan programs include:
- Federal Housing Administration (FHA)
- USDA Rural Development (RD)
- Veterans Affairs (VA)
The Federal Housing Finance Agency (FHFA) sets a limit on the dollar amount a conventional loan must conform to. Any loans beyond this limit are known as a Jumbo loan. With a Jumbo Loan from MiMutual, you can expand your options and find your dream home that will meet your needs now and in the future.
MiMutual Mortgage offers a number of Jumbo Mortgage Programs to fit a variety of situations. These include Purchase loans, Asset-Qualifier, Rate and Term and Cash-Out Refinance loans.
Highlights include:
- As little as 10% down
- Loan amounts up to $4 Million
- Primary residence, second homes, and investment properties are eligible
The New Mexico Mortgage Finance Authority (MFA) Down Payment Assistance (DPA) programs are designed to support first-time homebuyers and low to moderate-income individuals and families in New Mexico. Recognizing the challenges many face in accumulating funds for a down payment, these initiatives are instrumental in making homeownership more accessible and affordable.
Key Features:
- Financial Support: MFA’s DPA programs offer financial assistance to eligible homebuyers, helping them cover a portion of their down payment and closing costs. This financial support reduces the initial financial burden of purchasing a home.
- Eligibility Criteria: Eligibility criteria typically include income limits, credit score requirements, and the condition that the applicant is a first-time homebuyer or hasn’t owned a home in a specified number of years. These criteria are designed to target individuals and families who need assistance the most.
- Educational Resources: MFA provides homebuyer education and counseling services to help applicants understand the responsibilities of homeownership. These resources empower buyers with the knowledge they need to make informed decisions.
- Partnerships with Lenders: MFA collaborates with approved lenders who facilitate the application process and guide homebuyers through the steps to obtain DPA. These partnerships ensure a smooth and supportive experience for applicants.
- Repayment Terms: Depending on the specific DPA program, the assistance provided might be structured as a forgivable loan, meaning that the debt is gradually forgiven over time as long as the homeowner continues to meet certain criteria, such as residing in the home as their primary residence.
- Positive Community Impact: By assisting individuals and families in achieving homeownership, these programs contribute to stable communities and neighborhood revitalization. Homeownership fosters a sense of pride and investment in local communities.
The New Mexico Mortgage Finance Authority’s Down Payment Assistance programs play a crucial role in making homeownership attainable for many residents who might otherwise struggle to secure housing. By providing financial assistance, educational resources, and ongoing support, these programs empower individuals and families to build a better future for themselves and their communities.
Don’t have much saved for a down payment?
We can help with that!
Down Payment Assistance (DPA) can:
- Reduce out of packet cash to close
- Put cash savings to work by improving the home and growing equity
- Free up cash to pay down student loan debt or other bills
- Save cash to start investing for the future
MiMutual Mortgage offers a number of down payment assistance programs including:
- Chenoa Fund DPA for FHA financing
- The National DPA for Conventional financing
- State Housing Finance Authority DPA and MCC
MiMutual Mortgage is a Renovation Loan specialist. We were even featured on the Lifetime Network “Designing Spaces” home design television show! With a Renovation loan, you can bundle the cost of purchasing or refinancing with the cost of renovation into one single loan!
MiMutual Mortgage offers the FHA 203k and Conventional HomeStyle renovation loans. These allow for the same qualifying factors as a traditional FHA or Conventional loan with the ability to lend up to the estimated after-improved value of the home!
Eligible renovations include:
- Small repairs with a minimum renovation cost of $5,000
- Kitchen remodels including appliances
- New roof
- Additions
- New flooring
- Instillation of an in-ground pool
Still not finding what you are looking for?
MiMutual Mortgage has a number of unique loan programs including:
- Qualifying on assets without income
- Real Estate Investor programs including DSCR
- Self-Employed financing options
- Bank statement qualifying
Start Your Mortgage Journey
You are about to begin the mortgage loan application
- Applying on the MiMutual Mortgage Online Loan Application is quick, easy, and secure! The loan application will take about 25 minutes to complete.
- Once your application is submitted, you can log back into the MiMutual Mortgage Online Loan Application to securely upload requested documents, view your loan status, and communicate with your mortgage team.
- If you have questions, reach out to your MiMutual Mortgage Loan Officer.
Your guided mortgage journey starts here!
Start Application