Current Arizona Mortgage Rates
Quick Mortgage Definitions / Terms / Facts
Is my personal information safe?
Absolutely. Your privacy and security is of the utmost importance to us. After logging into this system, your information
is encrypted so your personal information cannot be accessed or viewed by anyone without the proper privileges. We
maintain the highest level of security and data encryption available throughout your loan process.
What is a Teaser Rate?
A teaser rate is the low start rate on an adjustable rate mortgage. The low start rate looks attractive, but you
need to be careful and make sure you understand the details of the loan.
What is the minimum down payment required in order to eliminate PMI?
Typically, on a primary residence, the minimum that you need to put down to eliminate PMI is 20%. If you are putting
less than this down, but wish to avoid PMI, we may have alternative products and pricing options.
What is a FHA Loan?
The Federal Housing Administration FHAloans are offered by the the Federal Government and can be acquired with as little as 3.5% down payment. FHA mortgage loans also provide low closing costs or wrap your closing costs and fees into the loan.
Steps to Getting a Arizona Mortgage?
Get a Free Credit Report!
The first step to getting a Arizona mortgage is to know your credit score.
Understanding your credit report is a critical part to getting your mortgage.
Raise your score while you shop for your Arizona home to get the lowest rate at closing, with a few easy steps you can easily raise your score in within a few months.
Get your Credit Score
Build Your CreditPrequalify today for a new MasterCard that matches your credit profile. Risk Free. Start Now.
Get Pre-Qualified for a Home Loan
Getting pre-qualified for a mortgage before beginning your search will speed up the home buying process. A pre-qualification provides an idea of an affordable mortgage amount. Thus, you avoid touring homes and neighborhoods outside your budget. A pre-qualification letter from a lender does not guarantee a loan. The loan amount is contingent on income, employment, and credit verification.
Lending Tree Mortgage Calculator
Compare Arizona local and national bank lenders.
Arizona Mortgage Lenders are among some of the most stable and succesful in the country. Now is the time to get a new or refinanced mortgage while AZ interest rates are low!
Mortgage Qualification Guidlines
1. If the government has established your student loan to be in default, it is possible that you are not found to be a qualified applicant for a mortgage loan. However, there are cases the disqualification may be waived provided that you have entered into your repayment negotiations to schedule for the student loan and you have made punctual payments again for the previous year.
2. You should pay any outstanding collection payments prior to filing you application for the mortgage loan.
3. If you are subject to cases that involve child support payments, your payments should be current and caught up. All court ordered judgments should have been paid up to date.
