Phoenicians will brag Arizona is the land of year-round pool parties, delicious Mexican food, and plants that require very little watering – but true Phoenicians know there’s a lot more to the reliably sunny state than just that. When it comes to Arizona, it turns out that a hot climate has made for a hot housing market, and we couldn’t agree more!
If you’re looking to buy an Arizona home, start your mortgage application now, and you can have a pre-approval letter in hand when you’re touring homes!
Already an Arizona homeowner? We can also help with mortgage refinancing!
Mortgage rates and trends in Arizona
National mortgage rates dropped to all-time lows in large part due to COVID-19 during 2020. As a result, millions of Americans have been taking advantage of low borrowing costs.
Rates were similarly low in Arizona, but the market has been undergoing gradual increases recently. Even still, rates remain low by historical standards. For example, regardless of when you took out a mortgage, it's in your best interest to take advantage of a free mortgage review, because a lower rate could mean hundreds of dollars in monthly savings.
Credit scores and debt-to-income ratio are among the many factors that impact mortgage rates. That's why we suggest working with a lender who will customize a loan based on your needs. Among FHA and VA to Conventional and USDA, you can count on American Financing to guide you through any of our home mortgages options.
Down payment assistance
There are plenty of down payment assistance programs that Arizona home buyers may qualify for. If you’re looking to purchase an Arizona home, we can help you understand what options and grants* you might be eligible to enroll in.
Be sure to ask about:
Dream Makers Grant
Forgivable and non-forgivable second mortgages
First-time home buyer incentives
Closing cost assistance
*Actual assistance amount may vary based on purchase city, credit score, and other financial requirements. Down payment assistance programs are at the city and/or state level, and they are not funded by American Financing. A homebuyer education course may need to be completed prior to applying.
Check with one of our salary-based mortgage consultants about funding today!
Refinancing your mortgage
Do you want to be mortgage-free sooner?
Is your monthly mortgage payment or interest rate too high?
Do you have high-interest debt holding you back?
If your answer to any of these questions was yes, now is the time to schedule a free mortgage review with one of our mortgage consultants in Arizona. Our mortgage consultants are ready seven days a week to explain the benefits of mortgage refinancing and create a customized loan to fit your needs. You could be looking at up to $1,000 a month in savings!
Whether you are refinancing your Arizona mortgage to get a better rate or to get cash out, we’re here to help! With a cash-out refinance you can put the funds towards paying off high-interest credit card debt, home improvement projects, or put towards college tuition. With American Financing, you can select any loan term you need ten years and over.
Why should you choose American Financing?
As a national mortgage lender, American Financing is dedicated to making homeownership affordable. With competitive mortgage rates and no upfront fees, we strive to make your loan experience as easy and hassle-free as possible. Our dedicated, salary-based mortgage consultants work hard to customize the right loan program for your financial goals. We’ve created a more efficient lending process making it easy and fast for you to complete most of the lending process online.
We see our customers as more than just a loan. As an integral part of the family here at American Financing, we want your experience to be exceptional. After all, this is not just a transaction. We remain ready and available to answer any mortgage-related questions after closing. So, here’s to the start of a lifelong relationship!
Let’s customize your home loan together
Call (800) 910-4055 and speak with an Arizona mortgage consultant. We’re proud that we can customize any loan in the industry to fit your needs and budget. All while providing you with the best service, lowest rates, and fastest closings. Let American Financing show you how simple the mortgage refinancing or new home purchase process can be!
Use our tool to search thousands of local first-time homebuyer classes by city, state, county, or even primary language spoken. Get contact information for each department all in one place and start your path to homeownership today!
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