Arizona Mortgage Calculator
Calculate your monthly mortgage payments, interest rate, property taxes, and home insurance!
Home Affordability Calculator
Evaluate how much real estate you can afford with our quick and simple affordability calculator.
Standard Arizona First Time Home Buyer Down Payment
Understanding minimum down payments and how to meet the necessary requirements for Arizona FHA loans and first time home loans can be very overwhelming. That is why KHoward Mortgage Team is there to help! Typically, a first time home buyer loan requires a down payment of approximately 3%; however, that number varies depending on the type of loan and your qualifications. To determine whether you qualify for down payment assistance in Arizona, or to discover your estimated down payment, check out our Arizona mortgage calculator and home affordability calculators.
Arizona First Time Home Buyer Incentive Requirements
Buying your first home can be an intimidating and overwhelming process, so the loan experts at KHoward Mortgage Team strive to make that process easier for potential first time buyers. There are a wide variety of incentives available for first time home loan applicants, to help make the qualification process easier, smoother, and more exciting. These incentives include grants and assistance programs, down payment assistance, qualification requirements, and more. For expert help wading through these incentives and choosing what is best for you personally, visit with our mortgage experts at KHoward Mortgage Team.
Arizona First Home Buyer Loan Eligibility & Qualifications
There are several requirements necessary to be met before a first time buyer can qualify for a home loan. These requirements include income and credit score minimums, a completed homebuyer education course, and the potential new home must fall within a certain price category and be the primary residence for the homeowner. Our team of experienced brokers will determine if you meet the eligibility requirements, and will walk you through the application process step-by-step. KHoward will help you find the right loan program, the best terms, and provide the quickest turnaround approval time.
Arizona First Home Buyer Program Mortgage Payments
When you pre-qualify for a first time home loan with our VA loans mortgage brokers in Arizona, we do everything possible to ensure that you receive the lowest interest rates, best terms, and most affordable mortgage payments. We will sit down with you to discuss your finances and budget, so that the mortgage payments for your first home do not lead you into financial ruin. Furthermore, our loan agents at KHoward provide education and advice to every client regarding essential professionals such as real estate agents or movers. Call us today to learn more!
First Time Home Buyer Mortgage Loan Limits In Arizona
Our mortgage loan experts at KHoward understand the importance of knowing your options and being educated about financing and what is available to you throughout every step of the qualification process. With over 20 years of experience in our repertoire, KHoward Mortgage Team has extensive expertise regarding mortgage loan requirements and limits, and can help you obtain a loan that fits within your budget and lifestyle. As a highly rated Arizona jumbo loans mortgage broker, KHoward is the best in the industry and will help you make your dreams a reality.
Average Cost For An FHA First Time Home Buyer Loan
Our loan experts at KHoward know that the real estate market is always fluctuating, which means costs for home buyer loans are changing too. Currently, FHA loans closing costs total about 3% of a home’s purchase price, but this number is always subject to change. KHoward Mortgage Team prides ourselves in always staying knowledgeable about the most current terms and costs, so that we can serve you with excellence. We are committed to finding you the best prices and most fair terms, so that your first time home buying experience is superior and unmatched.
Arizona First Time Home Buyer Benefits & Affordability
Just because you qualify for a first-time buyer program in Arizona, does not mean you should automatically apply for it. The best choice is to do as much research as possible to educate yourself about the lenders, interest rates, and down payment stipulations for each available option. The good news is that there are plenty of benefits and incentives available for first-time home buyers in Arizona, and KHoward is committed to helping you find which options will best meet your needs. Visit KHoward Mortgage Team today to learn more about which benefits are available to you!
Current Arizona First Time Home Buyer Interest Rates
Interest rates are at an all-time low right now, due to current situations in our country. Our expert mortgage lenders at KHoward are fully educated and up-to-date about interest rates, down payments, and requirements for first-time home buyers. Visit with one of our knowledgeable agents to determine which loan programs might be right for you based on current interest rates, and get your application process started. Our goal is to help you find a loan that will make home buying affordable while also getting you into the home of your dreams.
Arizona’s Local 1st Time Home Buyer Programs
Common Home Loans For First-Time Buyers
Buying your first home can be an intimidating and overwhelming process. The mortgage loan experts at KHoward Mortgage Team strive to make that process easier and specialize with helping first-time home buyers find a home loan to fit their needs and financial goals. Some of the home loan programs we offer for first-time home buyers include: FHA loans, VA loans, USDA Loans, HomeReady®, and Home Possible®.
Each of these loans offers unique benefits for first-time homebuyers, such as a lower required down payment, flexible terms, low income requirements, or flexibility around credit scores. Our agents will carefully review your financial profile and your goals to determine which loan programs might be right for you and then make a tailored recommendation. Our goal is to help you find a loan that will make home buying affordable while also getting you into a home that you love. Contact our Mesa FHA mortgage office or consult with our VA loan company to find out about your options!