Home Loans In Scottsdale, Arizona

Home to some of the world’s finest golf courses and luxury resorts, the city of Scottsdale is a one-of-a-kind destination. Top it all off with over 300 days of annual sunshine, stellar nightlife scenes, and outdoor adventures, and you’d be hard-pressed to find a more exciting place in Arizona. 

However, Scottsdale is not just a playground for the rich and famous. The city is also a great place to raise a family or start a business. Scottsdale’s real estate has been thriving recently, and now may be the opportune moment to push through on your plans to buy a house here. 

The first important step in buying your dream home in Scottsdale is to get pre-approved for a home loan. Your lender will usually ask you to provide several documents to meet the loan eligibility requirements. These include pay stubs, tax statements, asset statements, credit information, etc. 

Why You Should Get Pre-Approved Before Shopping

     1. To be seen as a serious buyer

Having a mortgage lender backing your offer makes sellers see you as a serious buyer. It shows that you’re committed to buying and have the means. This can be the deciding factor in whether the seller chooses to sell the house to you. 

     2. Get an idea of how much loan you can afford

A pre-approval letter from a mortgage lender tells you exactly how much money you can afford to spend on a home. It considers your income, debts, and other financial factors to create a realistic budget. This can prevent you from overspending on a home out of your price range.

     3. Know how much you need for a down payment

The pre-approval process will also give you a better idea of how much money you need for a down payment. This is the money you’ll need to spend upfront to purchase the home. If you can afford it, getting a down payment of at least  20% of the purchase price is ideal because it means a lower principal loan amount and more favorable interest rates. 

     4. Have a leg up on the competition

In a competitive real estate market like Scottsdale, being pre-approved for a mortgage can give you an edge over other buyers who haven’t gone through the process. This means you’re more likely to have your offer accepted on the home you want.

     5. Save time and hassle

Going through the pre-approval process before shopping for a home can save you time and hassle. You’ll already have a financing deal lined up when you find the perfect home. This can speed up buying a home and make it less stressful.

With all that said, keep in mind that getting pre-approved for a loan is not an automatic guarantee that your application will be approved. The lender will usually ask for your income and asset documentation to move forward with your loan.

Scottsdale, Arizona Mortgage Lender

At Capital Home Mortgage Scottsdale, we pride ourselves on our straightforward, efficient mortgage solutions. We offer a wide range of loan products to fit our client’s requirements. As direct mortgage lenders, we oversee every aspect of the loan application, allowing us to provide competitive rates, flexible underwriting, and quicker approvals.

Our experienced loan officers are ready to help you get pre-approved for a home loan in Scottsdale, AZ. Additionally, we’ll assist you throughout the process and help ensure a smooth home buying experience. 

Find Your Dream Home In Scottsdale, AZ

Are you thinking of making Scottsdale, AZ, your home? Let Capital Home Mortgage help you obtain the financing you need to make it a reality today. Call us at (480) 360-6650 to discuss your mortgage needs.