Arizona residential mortgages are our one-and-only focus. We live in the same neighborhoods as you. Our kids go to the same schools as yours. We are all a part of the same community. Our Loan Professionals understand the niches of the local market, and most of our loan decisions are made right here in Arizona. That allows us to provide you answers on your loan quickly and accurately.
It's that practice that has allowed us to prosper in an ever changing market for nearly 30 years. We do business following "The Golden Rule." Treat others as you would wish to be treated. We hire honest, hardworking people who live this mantra. We believe in treating our clients with respect, providing open communication, and making responsible decisions-and we still believe in the power of a firm handshake.
We believe you'll like that, too. Our people are the foundation of our success. Our Loan Professionals average over 15 years in the industry, so they know how to take your loan from application to closing without the learning curve.
It's that practice that has allowed us to prosper in an ever changing market for nearly 30 years. We do business following "The Golden Rule." Treat others as you would wish to be treated. We hire honest, hardworking people who live this mantra. We believe in treating our clients with respect, providing open communication, and making responsible decisions-and we still believe in the power of a firm handshake.
We believe you'll like that, too. Our people are the foundation of our success. Our Loan Professionals average over 15 years in the industry, so they know how to take your loan from application to closing without the learning curve.
Services
Being pre-qualified for a mortgage is the best way to know how much home you can afford.
A pre-qualification gives you an estimate of how much you can borrow based on your income, employment, credit and assets.
Realtors and home sellers tend to prefer to work with buyers who have already completed this step.
The process for pre-qualification is quick, and quite simple.
You will provide your loan officer with information and simple documentation regarding your income, employment, credit and assets.
A pre-qualification gives you an estimate of how much you can borrow based on your income, employment, credit and assets.
Realtors and home sellers tend to prefer to work with buyers who have already completed this step.
The process for pre-qualification is quick, and quite simple.
You will provide your loan officer with information and simple documentation regarding your income, employment, credit and assets.
Pre-qualification starts the loan process.
Once we have gathered information about your income and debts, a determination can be made as to how much you can afford to pay for a home.
Since different loan programs can have different terms and requirements, you should get a prequalification for each loan type you may be interested in.
In attempting to approve homebuyers for the type and amount of mortgage they want, we look at two key factors.
First, your ability to repay the loan, and second, your willingness to repay the loan.
Once we have gathered information about your income and debts, a determination can be made as to how much you can afford to pay for a home.
Since different loan programs can have different terms and requirements, you should get a prequalification for each loan type you may be interested in.
In attempting to approve homebuyers for the type and amount of mortgage they want, we look at two key factors.
First, your ability to repay the loan, and second, your willingness to repay the loan.
The pre-approval process is much more complete than pre-qualification.
For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter.
Pre-approval includes all the steps of a full approval, except for the appraisal and title search.
Pre-approval can put you in a better negotiating position, much like a cash buyer.
Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan.
Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter.
Pre-approval includes all the steps of a full approval, except for the appraisal and title search.
Pre-approval can put you in a better negotiating position, much like a cash buyer.
Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan.
Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
Conventional Loans for purchase transactions require the buyer to put down at least 5% - 20% of the purchase price of the home.
Most lenders require at least 10% equity in the property on refinance transactions.
You might qualify for a HARP 2.0 Loan if you don't have enough equity to qualify for a conventional refinance.
Most conventional loan programs allow you to purchase single-family homes, warrantable condos, planned unit developments, and 1-4 family residences.
A conventional loan can also be used to finance a primary residence, second home and investment property.
Most lenders require at least 10% equity in the property on refinance transactions.
You might qualify for a HARP 2.0 Loan if you don't have enough equity to qualify for a conventional refinance.
Most conventional loan programs allow you to purchase single-family homes, warrantable condos, planned unit developments, and 1-4 family residences.
A conventional loan can also be used to finance a primary residence, second home and investment property.
A good fit for many first time buyers, as well as some who have had credit issues in the past.
For Purchase transactions, FHA Loans require you to put down at least 3.5% of the purchase price of the home.
For a Refinance transaction, the equity required varies depending on if you are taking additional cash out of your home.
Refinances without additional cash require 2.25% or more in equity.
If you are seeking a cash-out refinance, you will need at least 15% equity.
FHA loan programs allow you to purchase or refinance single-family homes, FHA Approved condos, planned unit developments, certain manufactured housing and 1-4 family residences.
For Purchase transactions, FHA Loans require you to put down at least 3.5% of the purchase price of the home.
For a Refinance transaction, the equity required varies depending on if you are taking additional cash out of your home.
Refinances without additional cash require 2.25% or more in equity.
If you are seeking a cash-out refinance, you will need at least 15% equity.
FHA loan programs allow you to purchase or refinance single-family homes, FHA Approved condos, planned unit developments, certain manufactured housing and 1-4 family residences.
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