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.
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?
The lower your interest rate, the less you will spend paying off your mortgage over the years ahead.
Which type of interest rate is best for you? A fixed or adjustable mortgage rate?
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?
How long do you need to pay off your mortgage?
What is the highest monthly payment you can afford?
There are a lot of costs associated with mortgages which consumers may overlook. We make sure you are apprised of all of them.
The requirements to be eligible for different types of loans can vary considerably from one product to the next.
At Barrett Financial Group, we offer the following types of loans to customers in Phoenix and throughout the state of Arizona:
Mortgages for amounts not exceeding the limits set by Fannie Mae and Freddie Mac are called conventional loans.
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%.
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.
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.
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.
Barrett Financial Group LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.