Money to buy a home in Phoenix is available for qualified borrowers.

Wholesale mortgage lenders, banks, credit unions and private lenders offer home loans in Phoenix.

Knowing who to contact could improve your opportunity toward securing favorable mortgage terms.

How Long Does the Mortgage Loan Process Take?

The loan process is unique for each borrower.

However, the typical time frame from application to closing is roughly 30 to 60 days.

Quickly supplying your documents as requested can avoid processing delays.

Is Money Available for Closing Costs in Phoenix?

Through a variety of municipal, county and state programs, money is readily available for borrowers who meet certain program requirements.

Speak with Samantha Cooley, a mortgage broker in Phoenix with local resources for closing cost assistance.

Will a 20% Down Payment be Needed to Buy a Home?

No.

Many years ago, before mortgage insurance and government-back programs were created, lenders required a down payment of 20% to mitigate certain lending risks.

Depending on the type of loan that best fits your financial scenario, you may be able to qualify for financing to buy a home in Phoenix with a down payment that’s less than 5% of the property’s sales price.

FHA Loan to Buy a Home in Phoenix

The Federal Housing Administration offers attractive financing for first-time home buyers and for previous buyers with a down payment that’s as low as 3.5% of the property's sales price.

Who can you speak with about an FHA loan in Phoenix?

Mindful Money offers FHA loans in Phoenix, AZ.

Inquire now about an FHA mortgage loan.

Buying a Home in Phoenix with a VA Loan

If you’re a current service member or a veteran of the U.S. Armed Forces, you may be eligible for a VA mortgage loan.

Members of the military community may be able to obtain financing to buy a home in Phoenix without a down payment.

Mortgage lending expert, Samantha Cooley, with Mindful Money can guide you through the process for a VA loan.

Inquire now about a VA Home Loan.

Getting a Conventional Mortgage Loan

Conventional mortgage loans have more flexible guidelines, when compared to the aforementioned government-backed loans.

Qualified borrowers can get a conventional mortgage loan in Phoenix to buy a home with a down payment of 3% or greater.

Also, you can apply for a conventional mortgage loan to finance a non-owner occupied property.

Learn more about conventional mortgage loans.

Speak With a Mortgage Broker in Phoenix About Financing to Buy a Home

A local mortgage broker in Phoenix can help you navigate a variety of financing hurdles.

With more than 20 years of helping home buyers find some of the best mortgage rates in Phoenix, Samantha Cooley is a dedicated industry professional.

Schedule a call today with Samantha to learn about Mindful Money mortgage solutions in Phoenix.