Home Purchase in Phoenix

Shopping for a home in Phoenix? Whether you are in the market for your first home ever or you are a repeat buyer, you have picked a great city to move to. Surrounded by beautiful desert and featuring a warm climate year-round, Phoenix invites you to enjoy all that it has to offer. There are so many breathtaking homes available on the market here—but choosing the right house is only half the equation. You also need the right mortgage to go with it.

Home Purchase Qualifier!

What are the Benefits of an FHA Loan in Phoenix?

Down payment.

How much can you afford to put down on a new home in Arizona? Do you want to make a large or small down payment?

Interest rate.

The lower your interest rate, the less you will spend paying off your mortgage over the years ahead.

Type of interest rate.

Which type of interest rate is best for you? A fixed or adjustable mortgage rate?

PMI requirement.

Are you willing to pay for private mortgage insurance every month, or are you looking for a loan which lets you get around that requirement?

Loan term.

How long do you need to pay off your mortgage?

Monthly payment amount.

What is the highest monthly payment you can afford?

Closing costs, fees, penalties, and other loan-related expenses.

There are a lot of costs associated with mortgages which consumers may overlook. We make sure you are apprised of all of them.

Qualification requirements.

The requirements to be eligible for different types of loans can vary considerably from one product to the next.

Types of Home Loans in Arizona We Offer

At Barrett Financial Group, we offer the following types of loans to customers in Phoenix and throughout the state of Arizona:

Conventional

Mortgages for amounts not exceeding the limits set by Fannie Mae and Freddie Mac are called conventional loans.

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Jumbo

Homebuyers who require mortgages exceeding the Fannie Mae and Freddie Mac conforming loan limits will want to apply for jumbo financing.

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FHA

FHA loans insured by the Federal Housing Administration are an option for first time and repeat homebuyers. On these types of loans, down payments may be as low as 3.5%.

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VA

A VA loan insured by the Department of Veterans Affairs gives eligible buyers a chance to purchase a house with zero down.

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Additional Lending Products:

We also offer a variety of other lending products such as construction loans, bridge loans, hard money loans and bank statement loans. Our extensive selection of lending products ensures that no matter your situation, there is a mortgage which is ideal for you.

What Do You Qualify For?

When you apply for a home purchase loan, the following factors help to determine what you will qualify for:

Your credit score and debt-to-income ratio.

Your employment status and history.

Financial events such as foreclosures and bankruptcies in your history.

How large a down payment you are able to make.

Income caps, veteran status, and other special factors which may qualify you for government-insured loans.

Let Us Match You With the Most Suitable Home Purchase Loan in Phoenix

The loan experts at Barrett Financial Group have assisted customers in the Phoenix area and throughout the state of Arizona in finding home purchase loans which are affordable and accommodating of their needs. We would love for you to be the next customer we help move into your dream home. To schedule your consultation and apply now for a home purchase loan in AZ, please call (480) 470-1080.

Home Purchase Qualifier!