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This Page has:

Home Financing Options – Apps to Apply for You Loan – Mortgage Rate & Median Home Sales Price Charts – Down Payment Crown Funding App

 

Be Sure to Scroll this Entire Page to See All of the Tools Available to You!

 

If You will Do a Cash Purchase

You will only need a Proof of Funds to Submit with Your Offer. Of course all of the money goes through Title & Escrow and since they do not accept bags of cash, the money is transferred or wired to them and we do have an App for Secure Transfer of Earnest Money Deposits.

Finance the Purchase, Leave Your Cash Invested

If you do have all the Cash you need to do your Purchase you may very likely prefer to take out a Low Interest Conventional Loan for the Property and leave your Hard Earned Cash wherever you have it Invested so it can continue to grow.

Finance a Purchase then Sell

In this Sellers Market if you are Well Off Financially and able to Buy your Next Property before Selling your Existing Property you will be in a much more solid position to get it all done with minimal stress. Once you are about half dug into your Next Home it will be all downhill when Selling your Existing Property.

We have an Online Form you can use to Apply down below or you can just call the Lenders directly to discuss your options before applying.

We can help you into a new property whether you are a First Time Buyer, possibly even needing some Credit Restoration, all the way up to a Potential Cash Buyer who may prefer to Borrow rather than Tie Up all that Cash that could be used more Productively.

FHA Loan Highlights

FHA loans are widely used by first-time home buyers and people with low-to-moderate incomes since this government-insured mortgage features:

Low down payments

  • Flexible income and credit requirements
  • Fixed- and adjustable-rate mortgages
  • Loans for 1-4 unit properties and condos may be available
  • Down payment funds can be a gift from a relative or employer*
  • Home sellers can contribute up to 6% of the closing costs

VA Loans
Welcoming Veterans Home

Since VA loans often require no down payment* with lower closing costs, you can help keep your savings secure.

Home loans backed by the Department of Veterans Affairs (VA) provide affordable home financing options for eligible Service Members, Veterans and surviving spouses.

VA Loan Eligibility

In order to be eligible for a VA loan, you must first obtain a valid Certificate of Eligibility (COE). Your COE is based on length of service or service commitment, duty status and character of service.

VA Loan Highlights

VA loans feature:

No prepayment penalties

No private mortgage insurance (PMI)

100% financing with full VA entitlement*

Fixed- and adjustable-rate mortgages

VA financing fees can be “rolled” into the loan amount

*A down payment is required if the borrower does not have full VA entitlement or when the loan amount exceeds the VA county limits.

Finance Options – Loan Apps

 

We have many Great Finance Options for You!

Unless you are Buying a Home with Cash the first thing you need to do is get Pre-Approved for Your Financing. You cannot even Submit an Offer with a Proof of Funds, for a Cash Purchase, or a Pre-Qualification Letter from a Lender.

We shouldn’t shop for that New Home till we know your Loan Approval Amount. We used to just have to look for a Home at the Right Price and get a Loan at a Low Rate and all was good, for the last many good years, but now with the Higher Rates we have to take a harder look at the Payment itself and determine if it is going to work for you.

You may want to Apply with a couple Lenders or your Credit Union as well as the Builders Lender. When it come to the Home Loan you just don’t know who’s going to bring the Best Deal for you. It actually helps to let a Lender know others are working up numbers for you to make sure they are being competitive.

Most of the Lenders can help you through Credit Repair if you know in the beginning that your not in great shape or if you do end up getting denied a Loan. It is not at all uncommon for surprises to pop up on your Credit Report if you have not kept an eye on it.

The Lenders have Software that runs your Credit through some algorithms and it tells you what to pay off, pay down, close out or NOT to close out.

So if your Credit is not squeaky clean or even if it is looking good but you want to make it better it can be a good idea to let the Lender run it before you take any action. You can run your Credit a few times when getting ready to shop for a Home and it will not hurt a Good Score by more than a few points.

Have You Applied Yet ???

Getting Fully Pre-Qualified is the First Step of the Home Buying Process if you are going to take advantage of Financing!

This can happen in only a few days or so if you submit all of the required documents in a timely manner.

And so you know once you get a Home Purchase underway there is a term “time is of the essence” that needs to be taken very seriously. Failing to meet certain time lines can cost you your earnest money (down payment) or in some instances land you in court.

I recommend you Apply with both of the Lenders below or your own Lender if  you have a Good Relationship with a Bank or Credit Union.

You will not hurt a Strong Credit Score by Applying for this Home Loan unless your Score is already weak.

Unless you are paying Cash this will be a Mandatory Event and it needs to be done before you get close to selecting your new home.

Click that Button to go to your Online Application or Call to discuss first.

Questions? Contact JD Doolin  | Loan Officer

jd@fairwaymc.com  | Cell: (480) 694-2566

Click that Button to go to your Online Application or Call to discuss first.

Questions? Contact Chuck Biggs | Loan Officer

chuck.biggs@epiqlending.com | Cell: (480) 258-2281

* EPIQ Lending is our RealtyONEGroup Associate Lender

EPIQ LENDING Website – Links to many Calculators, Videos and Resources.

If you do not already have a very good understanding of the Home Loan Process check out the EPIQ LENDING Website for a lot of Very Helpful Information, Videos and Calculators.

Spend some time there and learn as much as you can before you get in the game. 

Click the Image Below:

EPIQ HOME MORTGAGE LENDER

Mortgage Rate Charts

Mortgage Rates have gone up quite a bit compared to the previous years numbers but historically these are not bad rates.

What is the highest mortgage interest rate in history?

1981: The all-time high for mortgage rates – see the chart below.

The average mortgage rate in 1981 was 16.63 percent. And that’s just the average — some people paid more. For the week of Oct. 9, 1981, mortgage rates averaged 18.63%, the highest weekly rate on record, and almost five times the 2019 annual rate.

Federal Reserve Median Sales Price Trend – Sold Houses – West Census Region

This page needs to be refreshed if this Chart not in full view

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Please tell us a little about what we can do to help you and the Best Time and Method to get back  to you.

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Text Us to Leave a Message

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Please tell us a little about what we can do to help you and the Best Time and Method to get back  to you.

I will return the message in the day, sometimes sooner if it's urgent.

Click to Text-Mobile

You can text me a few times to get our connection going but once we are working through an actual transaction I do Very Little via text. Phone calls or emails will be the method of communication and only emails for all critical communication so that we both have a record of it all and something to refer to if there are any questions in your mind  about our conversation later.

Real Estate Transactions are fairly paper intensive and involve a lot of legal matters.

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