Arizona Home Mortgages
The Mortgage Lending industry has gone through some significant changes over the past few years. With the demise of "sub-prime" mortgages, traditional lenders (banks) have dedicated more resources to fill the void for flexible, first-time home buyer programs, as well as mortgage products with lower down payment requirements. We have a number of great mortgages from which to choose and a wide variety of creative home loan solutions to fit your individual needs at the most competitive rates in the business. Se Habla Espaņol.
There are a wide variety of mortgage programs available today. Some programs require no down payment at all, while others require a down payment of at least 3%. Most mortgages with a down payment of less than 20%, require Mortgage Insurance Coverage, for which a premium is charged to the borrower, together with the regular monthly payment (typically consists of principal, interest, taxes and hazard insurance premium).
The most popular types of mortgages are: Fixed Rate, Adjustable Rate, USDA, FHA, VA and Construction/Lot. Other types include: Interest Only, Balloons, and Negative Amortization.
Here are a few general tips:
If you're planning on staying in your home for a long period of time, have a fixed income (i.e. pension, social security, etc.) and/ or want to know that your monthly payment never changes, then you may want to consider a Fixed Rate Mortgage.
An Adjustable Rate Mortgage may be considered when you plan to be in your home a relatively short period of time, you expect your income to increase significantly in the near future and/ or you want to have an initial monthly payment that is lower than that of the prevailing Fixed Rate.
Deciding which mortgage is right for you can depend on additional factors. We recommend that you meet with an experienced Mortgage Professional to review your financial profile and objectives.
For details, please call Luisa Han at: 480-363-9488 or toll free at: 877-538-9833.
There are a wide variety of mortgage programs available today. Some programs require no down payment at all, while others require a down payment of at least 3%. Most mortgages with a down payment of less than 20%, require Mortgage Insurance Coverage, for which a premium is charged to the borrower, together with the regular monthly payment (typically consists of principal, interest, taxes and hazard insurance premium).
The most popular types of mortgages are: Fixed Rate, Adjustable Rate, USDA, FHA, VA and Construction/Lot. Other types include: Interest Only, Balloons, and Negative Amortization.
Here are a few general tips:
If you're planning on staying in your home for a long period of time, have a fixed income (i.e. pension, social security, etc.) and/ or want to know that your monthly payment never changes, then you may want to consider a Fixed Rate Mortgage.
An Adjustable Rate Mortgage may be considered when you plan to be in your home a relatively short period of time, you expect your income to increase significantly in the near future and/ or you want to have an initial monthly payment that is lower than that of the prevailing Fixed Rate.
Deciding which mortgage is right for you can depend on additional factors. We recommend that you meet with an experienced Mortgage Professional to review your financial profile and objectives.
For details, please call Luisa Han at: 480-363-9488 or toll free at: 877-538-9833.



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The FHA 203k mortgage can be used for the rehabilitation and repair of 1-4 Family, owner occupied, properties.
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