The decision to purchase a home is one of the most significant decisions of your life. Buying a home is fun and exciting, but you can get caught up in the financial aspects of the transaction. The first step is to figure out how much you have to put down on a home and find out how much you can borrow. That will give you a good idea of the price range of homes you will need to view. An Arizona mortgage broker is instrumental in making the purchase happen and will guide the process to make it easy and stress-free.
What are the Types of Home Loans?
As a full-service Arizona mortgage broker, The Potempa Team offers a wide range of loan options. We offer conventional loans, FHA mortgages, VA loans, USDA, and jumbo loans. We also provide pre-approval to make it faster and easier for you to shop for your new residence. Conventional loans are likely the most common type, and they conform to the guidelines of Freddie Mac and Fannie Mae. You may qualify for special rates with a VA or FHA loan. USDA and Jumbo loans are for amounts that exceed conventional loan limits.
How to Apply for a Home Loan
At The Potempa Team, we make it easy to apply for a home loan. As an Arizona mortgage broker, we have access to a variety of lenders and types of loans. Our expert team has experience matching homebuyers with lenders. We want to make sure that you get the best interest rate and loan terms possible. Gather the documentation you need to prove your income and assets, so we can begin working on obtaining the ideal mortgage loan. We help determine whether you qualify for a Fannie Mae or Freddie Mac loan, two of the most popular conventional type loans in the country.
What is Pre-Approval?
A pre-approved loan is one of the best ways to improve your buying power. When you get a pre-approved loan, sellers know that you are prepared to make a purchase. You will know the amount of the loan, and therefore you can shop in the price range of homes that are within your budget. An experienced Arizona mortgage broker will help you find the best loan that fits your needs and your budget. You will be able to shop for a home with confidence when you already have an approved loan. Loan approvals are valid for 120 days.
Work with a Professional Arizona Mortgage Broker
The Potempa Team is a professional mortgage broker with years of experience in Arizona. We offer comprehensive mortgage loan services, including pre-approval and down payment assistance. We work closely with our customers to provide excellent service. We are here to answer your questions and assist you in obtaining a loan so you can soon purchase your dream home. We are happy to provide you with a quote when you fill out our online form. Contact The Potempa Team today for your home loan needs.