Every customer has been part of our success since 1980. NOVA Home Loans is now Arizona's largest privately owned mortgage lender, but we were built from humble beginnings with the belief that homebuyers should have true power within the market. Today we offer the efficiency of a bank and the flexibility of a broker, all under one roof. This quick, smart, and local approach gives our borrowers a refreshing experience superior to other lending institutions.
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This can be determined by your total debts against your gross monthly household income, but it varies on a case-by-case basis.
While the average time from application to closing on a loan is around 7 weeks, many factors can help or hinder this process.
While the average down payment is 12%, that number is around 6% for first-time homebuyers.
Maintain a good credit score, have proof of income, and save as much money as you can for a down payment.
When you are ready, or if you are just in the researching stage, reach out to a Loan Officer or complete a loan application.
While the average time from application to closing on a loan is around 7 weeks, many factors can help or hinder this process.
While the average down payment is 12%, that number is around 6% for first-time homebuyers.
Maintain a good credit score, have proof of income, and save as much money as you can for a down payment.
When you are ready, or if you are just in the researching stage, reach out to a Loan Officer or complete a loan application.
The information shown is for illustrative purposes only and does not represent a credit decision or commitment to lend.
These figures apply to a borrower with excellent credit and are subject to change without notice.
Products and terms may not be available for your situation.
Pricing add-ons related to loan amount, property type, loan-to-value, credit score and other variables may apply.
Adjustable-Rate Mortgage (ARM) rates and monthly payments are subject to increase after consummation.
Please contact your NOVA Loan Officer for further information about fees and terms, and to discuss your specific situation.
These figures apply to a borrower with excellent credit and are subject to change without notice.
Products and terms may not be available for your situation.
Pricing add-ons related to loan amount, property type, loan-to-value, credit score and other variables may apply.
Adjustable-Rate Mortgage (ARM) rates and monthly payments are subject to increase after consummation.
Please contact your NOVA Loan Officer for further information about fees and terms, and to discuss your specific situation.
The best credit rating that you can have.
A FICO score above 720 will get you the best offer the lender can offer and the best interest rates.
When applying for a mortgage loan, you will want your credit score to be as high as you can make it.
Start working on this immediately.
Abandonment happens when the person with a right or interest in a property gives up their interest.
Once property has been "abandoned, " it is no longer the property of the estate.
This can happen either by physically abandoning the property or by demonstrating the intention of giving up the right or interest.
A FICO score above 720 will get you the best offer the lender can offer and the best interest rates.
When applying for a mortgage loan, you will want your credit score to be as high as you can make it.
Start working on this immediately.
Abandonment happens when the person with a right or interest in a property gives up their interest.
Once property has been "abandoned, " it is no longer the property of the estate.
This can happen either by physically abandoning the property or by demonstrating the intention of giving up the right or interest.
NOVA Home Loans offers the efficiency of a bank and the flexibility of a broker, all under one roof.
This quick, smart, and local approach of taking a loan from start to finish gives our borrowers a refreshing experience superior to other lenders.
While working in the mortgage industry in 1980, Ray Desmond noticed a problem: He felt that no one should be denied a loan due to past credit issues, and that potential homeowners should enjoy true buying power in the market.
When the banks agreed with him, NOVA Home Loans was born.
This quick, smart, and local approach of taking a loan from start to finish gives our borrowers a refreshing experience superior to other lenders.
While working in the mortgage industry in 1980, Ray Desmond noticed a problem: He felt that no one should be denied a loan due to past credit issues, and that potential homeowners should enjoy true buying power in the market.
When the banks agreed with him, NOVA Home Loans was born.
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