Diamondback Real Estate

Diamondback Real Estate Arizona's leading marketing real estate brokerage. We have mastered the use of marketing to help our
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11/07/2025

🏡 Big Mortgage Update: Fannie Mae Just Removed the Minimum Credit Score Requirement

For years, if your credit score was below 620, you couldn’t qualify for a conventional loan, no matter how strong your income, savings, or payment history were.

That just changed.

Starting November 15, Fannie Mae will no longer require a minimum credit score for loans run through their Desktop Underwriter (DU) system.

💡 What that really means:

You can now get your foot in the door. Even if your credit score is under 620 (or you don’t have one at all), you can still be considered for a conventional loan.

You’ll still pay a higher interest rate if your score is low, because lenders price loans based on risk, and that part hasn’t changed.

But before, you had no chance of being approved. Now, you at least have the option to qualify if the rest of your finances look good.

🧭 Why this matters:
This opens doors for buyers who have solid jobs, steady income, and savings but maybe went through a tough period that hurt their credit. It doesn’t mean “bad credit = easy approval,” but it does mean more flexibility and fairness in how lenders look at your overall picture.

📣 If you were told you couldn’t qualify before, it might be worth taking another look.

⚠️ Disclaimer: We are not a mortgage lenders, and this post is for informational purposes only. If you have questions about how this change might affect you, talk to your lender for personalized advice.
Don’t have one? We work with a few great lenders we can connect you with. Just reach out and we’ll send you their info.

📊 Big Shift in the Housing Market ComingFor the past 3 years, homeowners with ultra-low sub-3% mortgages have been reluc...
10/03/2025

📊 Big Shift in the Housing Market Coming

For the past 3 years, homeowners with ultra-low sub-3% mortgages have been reluctant to sell, and who could blame them? Trading in a 3% rate for 6%+ felt impossible.

But look at this chart 👇. By 2025, the number of mortgages with 6%+ rates is set to surpass sub-3% mortgages.

Here’s why this matters:

Over time, fewer homeowners will be “locked in” by their old rates.

Life doesn’t wait. Families grow, jobs change, financial needs evolve. Many have already given up their 3% mortgages to move.

As interest rates trend down, sellers sitting on the sidelines will finally list.

The result? More sales volume, as homeowners re-enter the market. But since each new seller is also a buyer, the net effect on home values will likely be a wash, meaning stable prices, but more movement.

💡 If you’ve been holding off, now may be the time to plan your move before the market heats back up.

📞 Let’s talk strategy for your home in today’s shifting market.

Patrick Chamberlin
Owner & Broker
Diamondback Real Estate
520-345-4947

10/01/2025

💰 Price Reduced to $385,000 + Now FHA Eligible! 💰

Your chance to own in beautiful Continental Ranch just got even better.

✨ 3 Bedrooms + Office | 2 Baths | 2,183 SqFt | 3-Car Garage

What you’ll love:
✔️ Fresh price + FHA financing options
✔️ Corner lot with beautiful curb appeal
✔️ Vaulted ceilings & wood-look flooring
✔️ Beehive gas fireplace in the family room
✔️ Updated kitchen with granite counters & stainless steel gas range
✔️ Spacious master suite with soaking tub & frameless glass shower
✔️ Fresh paint + plumbing upgrades for peace of mind

📍 6861 W Rifle Way, Tucson, AZ 85743

📲 Don’t wait! With this price improvement and FHA eligibility, this home won’t last. Schedule your private showing today!

07/26/2024

New Listing in Southwest Tucson!

6215 S Eagles Talon Parkway, 85757

- $410,000
- 2,265 Sq Ft
- 4 Beds
- 2 Baths
- 0.29 acres
- Owned Solar Panels
- 3 Zone Central AC
- Gourmet Kitchen w/ Double Wall Oven
- Built in 2016

This energy efficient Eagle Point Estates home sits on over a ¼ acre. Plus, upgrades everywhere you look including a large solar panel system. As you walk in the 8' front door, you enter into the foyer with 18'' tiles and 9' ceilings. The first thing that will catch your eye is the massive double-sliding doors in the living room opening to your huge backyard. In the backyard you will find a covered paver patio with roll down shades, palm trees, citrus trees, a fig tree, and a ton of room to make the backyard your own oasis. Off the living room is the gourmet kitchen featuring double wall ovens, gas cooktop stove, high-end 4 door fridge, granite countertops, staggered maple cabinets with crown molding, and a large island with seating. The home is also a split floorplan. On one side you have 3 secondary bedrooms, a hall bath, and two hall closets. On the other side through the double doors is the master bedroom and bathroom with double sinks, shower, and big walk-in closet. Brand new carpet in all bedrooms.

Give me a call or shoot me a text to set up a private tour. 520-345-4947

- Patrick

P.S. If you are curious what your home is worth, get your home's up to date value in seconds at www.DiamondbackHomeValue.com

07/08/2024

Our newest listing is a hidden gem in central Tucson, and it's only $378,000!

3334 N Sierra Springs Dr, 85712

While most homes in central Tucson were built in the mid 1900s, this home was built in the early 2000s. And it's been well taken care of. Recent upgrades include a new roof, new LVP flooring, fresh paint, new dishwasher, and new blinds. The house also sits on one of the better lots in the community featuring no rear neighbor, East facing backyard, mountain views, and plenty of shade. The home is also walking distance to the loop, 5 min from Brandi Fenton Park, 10 min from U of A, and 15 min from downtown.

Give me a call, or shoot me a text to set up a private tour. 520-345-4947

- Patrick

06/13/2024

Do you have to sell your current house before buying your next home?

68% of homebuyers need to sell their current home in order to buy their next one, and up until now you have only had 3 options:

1) Write weak offers that are contingent on the sale of your home
2) Put your house on the market, and hope you find your next home before it sells.
3) Sell your house, and move into temporary housing until your house sells.

Let's face it, these are all terrible options. That's why we created our Buy Before You Sell Program.

Now you can buy your next home, move in, then sell your old house. This means no more, coordinating two real estate transactions at the same time, trying to keep your home in perfect condition, or having to leave for showings, open houses, or inspections.

Watch the video to find out how it works.

And go to www.BuyBeforeYouSellAZ.com to find out if you qualify!

- Patrick
520-523-8717

P.S. this is just one of the many new programs we will be rolling out this summer. Here are the other programs in the works:
- Guarantee Cash Offer Program (Just 6% under market value)
- Sale and Leaseback
- Pre-List Renovations (Fix now, pay at close)
- Purchase with Cash (Upgrade your purchasing power with the power of cash offer)

Details coming soon. But if you call me at 520-523-8717, I may just give you the inside scoop. ;)

05/22/2024

Have you tried Gourmet Girls Gluten Free Bakery Bistro?

For those of you that live a gluten free lifestyle, this is going to be heaven for you. Gourmet Girls proves that you don't have to sacrifice taste when eating gluten free. Oh, and did I mention they have Onion Rings! So not only do they have great tasting gluten free food, they have also figured out a way to create the foods once thought to be impossible to be gluten free.

And for those that are not gluten free, like me, I challenge you to give them a try. I was skeptical at first, like you probably are, but I honestly could not tell their food was gluten free. That's because Mary, one of the owners was valedictorian at the Scottsdale Culinary Institute and has been specializing in gluten free foods for over 14 years.

Gourmet Girls has a full menu for both breakfast and lunch, plus an amazing bakery. They are located on Oracle just north of River Rd, and are open everyday from 8am to 2pm.

- Patrick
520-523-8717

May Market UpdateWhat a difference a month makes. We saw interest rate increase from the high 6's at the end of March to...
05/08/2024

May Market Update

What a difference a month makes. We saw interest rate increase from the high 6's at the end of March to the mid 7's at the end of April. This was caused by the realization that the Federal Reserve is not likely to cut the Fed Rate this year due to continued strong job reports, and inflation staying at the 3% level. The increase in interest rates tanked buyer demand in Tucson. Here is what we saw change in the last month:

- Inventory increase 21%
- Accepted Offers decreased 12.5%
- New Listings increased 11.2%
- 11.8% more homes on the market
- Went from 4.3% more buyers than sellers, to 21.8% more sellers than buyers. (Usually don't see more sellers until Sept/Oct)
- My Heat Index went from 52 (Good to Sell) to -2 (Not a good time to sell)

Good News: Rates are slowly starting to come back down. Self correcting from the over-reaction last month. Hopefully, this continues, and the market gets back to where it was in March.

- If you have any questions about buying or selling your home. Or just need honest, pressure free real estate advice, give me a call at 520-345-4947

04/25/2024

This 2.5 year old home sits in the amazing Saguaro Bloom community that features over 20 parks, 2 pools, a newer clubhouse, and host numerous neighborhood events.
- 6,216 square feet lot
- Perfectly sized living room
- Spacious kitchen
- 4 bedrooms / 2 baths
- Good size backyard with a covered patio
- 12.4 kWh solar system
- And much more

This home is priced at $370,000.

📍10156 N Leopard Gecko Ter, Marana

- Patrick

P.S. If you have any questions about this listing (or other homes for sale here in the greater Marana area), feel free to call (520) 345-4947.

04/25/2024

This flexible floor plan has exactly what you are looking for! 🏡
- 3 bedrooms | 2.5 bathrooms
- 2,230 sqft
- 2 flex rooms
- Gourmet kitchen with top-of-the-line fridge, double oven, gas cooktop, premium white cabinets, quartz counters, and a custom backsplash
- Large living room with soaring vaulted ceilings
- Spacious master bedroom with tall ceilings and an en-suite bathroom
- And much more

📍9048 W Birchover Drive, Marana

- Patrick

P.S. If you have any questions about this listing (or other homes for sale here in the greater Tucson area), feel free to call (520) 345-4947.

If you were thinking about buying a house in 1972, but decided to wait until interest rates came down...you would have c...
04/18/2024

If you were thinking about buying a house in 1972, but decided to wait until interest rates came down...you would have continued renting and waiting for 22 years! 🤯
In that time...
😅 A home purchased in 1972 would have quadrupled in value
🫠 A mortgage from 1972 would be 73% paid off
😔 And a 22 year wait only saved 3 quarters of a % in interest!

In 1972 an average rate was 7.54%, and there wasn't a drop until 1993! And even then it was brief and only dropped to 6.74%. Yikes!

What's crazy is that in that 22 year wait, the rates crept up to 16% in the 80s! The average home value in ’72 was $27k, and by ’93 it was $126k.

Anyone is welcome to play the waiting game, but a person who waited in 1972 clearly missed out.

History proves that home values in the long run will continue to increase in value, and history also proves that interest rates should not stop you from becoming a homeowner. Refinancing is an option if interest rates go down. But you can't go back in time and buy a home at a 1972 price.

- Patrick

Address

8567 N Silverbell Road Suite 201
Tucson, AZ
85743

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