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    Arizona Mortgage Broker
    Arizona Mortgage Broker

    Top Rated Arizona Mortgage Broker

    Prime33 is a premier mortgage broker in Arizona that offers home loan and refinance solutions to home buyers, homeowners, and investors throughout the state. With an experienced team of loan professionals dedicated to customer service and satisfaction, Prime33 helps customers find the right home loan to fit their individual needs.

    At Prime33, home buyers and homeowners can find a variety of home loan options to fit their unique situations. Whether you are looking for a conventional mortgage or an FHA loan, we have the expertise to ensure that your home loan process is as efficient and stress-free as possible. We also offer competitive rates on refinance loans so that our customers can save money on their monthly mortgage payments. Our team of experienced professionals will work with you every step of the way to make sure you get the best home loan solution for your needs.

    Tips on Purchasing a Home in Arizona
    Saving Arizona home buyers and homeowners thousands on new loans
    Prime33 Helps Oregon Homeowners and Homebuyers
    Premier Arizona Mortgage Broker

    Areas of Arizona We Offer Mortgages

    We serve homeowners and first-time home buyers throughout the great state of Arizona. Prime33 is the company to call for a mortgage whether your primary home is in Scottsdale or looking to get approved for a vacation home in the Flagstaff area to go skiing.

    Arizona is an ideal home-buying destination because of its sunny climate, affordable home prices, and plentiful economic opportunities. With a wide variety of home types to choose from, home buyers can find the perfect home for their family in Arizona’s vibrant cities or outlying rural areas.

    Here are the top 10 cities we service in Arizona

    1. Phoenix
    2. Tucson
    3. Mesa
    4. Chandler
    5. Glendale
    6. Scottsdale
    7. Gilbert
    8. Tempe 
    9. Peoria
    10. Surprise
    We are the top choice for Arizona homeowners needing a mortgage
    We offer home loans throughout Arizona including the Sedona area

    What Types of Loans Do You Offer in Arizona?

    At Prime33, Arizona home buyers and homeowners can find a variety of home loan options to fit their unique situation. We offer conventional loans as well as non-QM lending products such as bank statement home loans, stated income home loans, asset depletion home loans, and foreign national home loans. Our experienced loan officers can help you find the best rate and terms.

    Call us today at (866) 749-4889 and get a personalized rate quote

    Is it cheaper to use a mortgage broker for a home loan in Arizona?

    Using a mortgage broker is often cheaper than going directly to a bank or other lender. Mortgage brokers save their clients on average $9,400 according to the HMDA from 2021 data. This is because mortgage brokers are middlemen who shop around and compare home loan offers from different home loan providers, saving home buyers and homeowners the time and effort of doing the research on their own.

    Mortgage brokers also typically have access to home loan products that are not available through banks or direct lenders. This gives home buyers and homeowners more options when it comes to choosing the best home loan for their needs. In addition, mortgage brokers have experience in working with all types of home loans, so they can provide expertise when it comes to finding home loans with favorable terms and lower interest rates.

    Home owners saved on average over $9000 working with a mortgage broker
    Save money on mortgage Prime33
    We work to ensure Arizonans are getting the best deal possible on their mortgage

    Furthermore, mortgage brokers can often negotiate better rates with lenders than what’s initially offered, as well as waive certain fees or add additional perks like closing costs credits or rate discounts. They may also be able to tailor home loan packages to fit specific needs such as longer repayment terms or special payment plans. Ultimately, this can save home buyers and homeowners money over the life of the loan.

    Finally, using a mortgage broker can save time since they handle all aspects of the home loan process from start to finish. This includes filing paperwork, gathering documents needed for approval, submitting applications to lenders, monitoring progress, and following up on missing information, up until the closing day. Mortgage brokers also stay in close communication throughout the process so that borrowers never feel lost or overwhelmed during their home-buying journey.

    What documents do I typically need to get a mortgage?

    When it comes to getting a home loan, there are certain documents that you will typically need to provide in order to secure approval. These include proof of income, such as recent pay stubs and W-2s; bank statements; asset documentation (including investment accounts and retirement plans); an appraisal of the home you’re interested in purchasing; and credit reports.

    For homeowners not looking to or are unable to provide these documents, we do offer Non-QM loans such as bank statement loans, ITIN loans, No Doc loans, DSCR loans, and more.

    Proof of Income: When applying for a home loan, you will usually need to provide several months’ worth of recent pay stubs or other proof of income. This is required to ensure that you can afford the home loan payments over the life of the loan. Additionally, lenders may require copies of your W-2 forms from recent years in order to verify your earnings and employment history.

    Documents needed for conventional mortgage

    Bank Statements: Lenders also typically require a few months’ worth of bank statements in order to gain an understanding of your financial activity. They will be looking for recurring deposits and withdrawals, as well as any large purchases or transfers. By reviewing this information, they can get an idea of how fiscally responsible you are with money management and decide whether or not you qualify for a home loan.

    Asset Documentation: You will also need to provide documentation proving ownership and value amounts on any investments or retirement accounts you have. This includes stocks, bonds, mutual funds, 401(k)s, and IRAs. The lender needs this information in order to determine how much money they can lend you based on your existing assets.

    Appraisal Report: An appraisal is used by lenders to determine the fair market value or sale price of the home being purchased by the borrower. This report helps lenders ensure that they’re lending an amount based on the home’s current fair market value instead of its purchase price which could be higher due to seller incentives or discounts that have been applied during negotiations with the seller prior to closing day.

    Credit Reports: In addition, most mortgage lenders require borrowers to submit current credit reports before approving a home loan application. Credit reports contain important information about a borrower’s credit history including payment history on existing loans and credit cards as well as current debts owed by the borrower. Lenders use this information when calculating debt-to-income ratios in order to decide whether or not they should approve a home loan application.

    In conclusion, when applying for a home loan in Arizona there are several documents that will typically be required by lenders including proof of income, bank statements, asset documentation, an appraisal report, and credit reports.

    For conventional and Non-QM loans Prime33 is the destination many Arizona homeowners and home buyers chose for their mortgages.

    How long does mortgage approval take through a broker?

    When applying for a home loan or mortgage refinance in Arizona, the length of time it takes to get approval can vary depending on the complexity of your application and the lender’s requirements. Generally, however, working with a mortgage broker can help speed up this process as they have access to multiple lenders and are familiar with their processes. By using a broker, you have someone who is knowledgeable about home lending and will be able to provide guidance throughout the entire home-buying journey – from pre-qualification all the way through closing day.

    Prime33 is proud to offer mortgages that close in as low as 13 days. Call us today at (866) 749-4889 for a no-obligation rate quote.

    Time to Close Loan Prime33
    We can close a mortgage for an Arizona home owner in as low as 13 days.
    Credit Score To Qualify for Mortgage in Arizona
    We offer loans on people with scores as low as 500

    What Credit Score Is Needed to Buy a House in Arizona?

    When it comes to buying a home in Arizona, having an acceptable credit score is essential.  Prime33 works with lenders that can offer purchase and refinance loans at a credit score as low as 500. Generally speaking, lenders prefer borrowers with credit scores of at least 620 or higher for home loans and refinances. 

    This number may vary depending on the type of loan you are applying for, so it’s important to speak with your mortgage broker about what credit score is needed for your specific home loan situation. Additionally, if your credit score falls below the lender’s requirements but you have other compensating factors like income and assets that can help offset this risk factor then you may still be able to qualify for a home loan.

    How Much Is a Down Payment for a House in Arizona?

    The down payment required for a home loan in Arizona depends largely on the type of home loan being applied for, as well as the borrower’s credit score and other factors. Generally speaking, home buyers should expect to pay at least 3.5% of the home’s purchase price as a down payment when applying for an FHA loan. For conventional home loans or loans backed by the Federal Home Loan Mortgage Corporation (Freddie Mac) or Federal National Mortgage Association (Fannie Mae), borrowers may be required to make a down payment of 10-20% depending on their credit score and other factors.

    In addition to these minimum down payments, some borrowers may also be required to pay an additional amount called private mortgage insurance (PMI). This insurance protects lenders if the borrower defaults on their home loan and is typically required when the borrower is unable to put 20% or more of the home’s purchase price down as a down payment. PMI can range from 0.5%-2% of the home’s purchase price depending on factors such as credit score and debt-to-income ratio.

    We offer home buyers numerous programs with little to no down payment required
    Consolidate Debt or Improve Your Home With a HELOC
    VA programs offer up to 100% financing on homes in Arizona

    Borrowers who are veterans or members of certain military service branches may also qualify for VA home loans which require a much lower down payment than conventional home loans. These VA home loans often require no money down, but there are still closing costs involved such as origination fees and appraisal costs that must be paid by the borrower.

    For those who are looking to buy a home in Arizona but don’t have enough saved for a traditional 20% down payment, there are several resources available to help them secure an affordable home loan with a smaller initial investment. Borrowers can turn to government programs like FHA, USDA Rural Development, and VA home loans which offer low-interest rates and relaxed guidelines that make it easier for first-time homebuyers to qualify for financing even with smaller amounts saved up for a downpayment. Additionally, there are several local organizations that provide grants, grants programs, and special financing options specifically geared towards first-time homebuyers in Arizona so it’s definitely worth checking out all of your options before committing to any particular home loan product or lender.

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