Home Loans In Tucson, Arizona

Known for its beautiful desert landscape and abundance of outdoor activities, Tucson is the second-largest city in the state of Arizona. 

If you’re looking to buy a home in Tucson, the vibrant city offers a lot. Real estate in Tucson is rebounding to pre-pandemic figures and rates. Tucson’s cost of living is around 6% lower than the national average. 

Like most people, you’ll likely need a home loan to purchase your dream home in Tucson. We can help. At Capital Home Mortgage, we pride ourselves on delivering an enjoyable, one-of-a-kind home buying experience. 

Here’s what you need to know about obtaining a home loan in Tucson. 

4 Important Things To Keep In Mind When Applying For A Mortgage

     1. Decide what kind of home loan you need

There are many different types of home loans available, each with its own set of terms and eligibility requirements. Some of the most common home loans that we offer include FHA, Conventional, VA, USDA, and Jumbo loans. 

We can help you decide which type of loan is right for you based on your financial situation and home buying needs. 

     2. Get your down payment ready

The down payment is the amount of money you’ll put towards purchasing your home upfront. It is one of the most significant factors in getting approved for a home loan. 

Every home loan program has its minimum down payment requirement. For instance, the down payment for Conventional loans is at least 3%, whereas a VA loan has a 0% down payment required. In any case, the ideal down payment is 20% of the total home purchase price.

     3. Try to get your credit score up

This is another crucial factor in getting approved for a home loan. Lenders will use your credit score to determine whether you’re a good candidate for a loan. The higher your credit score, the more likely your loan application will be approved.

You’ll also likely qualify for a lower interest rate if you have a good credit score. That can save you a lot of money over the term of your loan.

     4. Get pre-approved before house hunting

It’s a good idea to get pre-approved before looking for homes. That way, you’ll know exactly how much you can afford.

The pre-approval process involves completing an application with a lender who will pull your credit report and review your financial history. Based on this information, they’ll give you a pre-approval letter. This letter will state the amount of money you’re eligible to borrow. 

Tucson, Arizona Mortgage Lender

Capital Home Mortgage Tucson is here to cater to your home loan needs. In addition to offering various home loan programs, we also provide step-by-step assistance throughout the application process. 

As direct mortgage lenders, we control various aspects of the home loan process, including underwriting and setting interest rates. We also provide our services with lower fees since there are no unnecessary third parties involved. 

Get Your Home Loan In Tucson Today!

Whether you’re a first-time homebuyer or looking to refinance your current mortgage in Tucson, our experienced loan specialists are here to provide any assistance needed. Simply call us at (480) 360-6650 to get started.