Capital Home Mortgage Arizona

Arizona VA Home Loans

VA Mortgage Lender Arizona

VA Home Loans In Arizona

An Arizona VA home loan is a specific type of mortgage loan available to eligible veterans, active duty personnel, Reserve and National Guard personnel who reside in Arizona or intend to purchase a residence there. This financing is part of the VA Home Financing Program administered by the U.S. Department of Veterans Affairs. It assists eligible individuals in buying, building, repairing, retaining, or adapting their homes.

An Arizona VA home loan is a benefit provided by the United States Department of Veterans Affairs to qualifying veterans and military members. It gives them more favorable loan terms to help them purchase or refinance a house in Arizona. 

The VA loan’s distinctive $0 down payment incentive benefits Arizona home buyers. Private lenders, such as banks and mortgage companies, make VA loans in Arizona, which the Department of Veterans Affairs guarantees.

Advantages of a VA Home Loan

Arizona VA home loan offers several benefits. They include the following:

  • No Down Payment

One of the primary advantages of VA home financing is that it frequently does not require a down payment, making it more accessible to eligible veterans and service members.

  • Low Interest Rates

It is well known that interest rates on VA loans are lower than those on conventional loans. This indicates that, over the life of the loan, the borrower could save a substantial sum of money on interest payments.

  • No Private Mortgage Insurance

VA home loans do not require private mortgage insurance (PMI), typically for loans with a down payment of less than 20%. This may lead to significant monthly savings for the borrower.

  • Flexible Credit Requirements

The VA has no minimum credit score, but individual lenders may have their own. A credit score of 620 is required to qualify for a VA home loan. In general, the requirements are less stringent than conventional loans. Eligible service members can apply for a VA loan in Arizona two years after a discharged bankruptcy or foreclosure.

  • Loan Guarantee

VA guarantees a portion of the loan, allowing the lender to offer more favorable terms to the borrower.

  • No Prepayment Penalties

VA loans do not impose prepayment penalties, allowing borrowers to pay off their mortgage loans early.

  • Refinancing Options

Refinancing options for VA home loans include the Interest Rate Reduction Refinance Loan (IRRRL) and the Cash-Out Refinance Loan.

These benefits make VA home loans an attractive option for Arizona homebuyers who are eligible veterans and service members.

Qualification Requirements of a VA Home Loan

The Department of Veterans Affairs determines eligibility for a VA home loan in Arizona. Here are the fundamental requirements:

  • Service Requirement

A minimum period of service in the military is required. You have met the minimum active-duty service requirement if you have served at least 90 consecutive days. This requirement varies slightly depending on the circumstances; veterans typically require 90 days during wartime and 181 days during peacetime.

  • Certificate of Eligibility

A valid COE is required to demonstrate compliance with the service requirements. The COE can be obtained from the VA.

  • Credit and Income

Although the VA does not specify credit score or income requirements, most lenders require a credit score of 620 to qualify for a VA home loan. You must have satisfactory credit, sufficient income, and occupy the residence as your primary residence.

  • Type of Property

The VA home loan may be used to purchase a home or a condominium unit in a VA-approved project, build a home, purchase and improve a home simultaneously, improve a home by installing energy-related features or making energy-efficient improvements, purchase a manufactured home and lot, and refinance an existing VA-guaranteed or direct loan for a lower interest rate.

Apply for a VA Home Loan in Arizona

Capital Home Mortgage offers numerous benefits to Arizona home buyers. As an approved, participating lender, Capital Home Mortgage will work with you throughout the mortgage process to ensure you receive a program-eligible mortgage. Despite the challenging mortgage market conditions, Capital Home Mortgage is committed to providing consistent assistance to Arizona home buyers.

Call (480) 360-6650 to speak with one of our Arizona VA Home Loan Specialists. We are here to help.

Why Arizona HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Arizona Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Arizona VA Purchase Loans

VA Purchase Mortgage Lender
  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed
  • No Monthly Mortgage Insurance
  • Seller concessions to 4%
  • higher debt to income Allowed
  • Manufactured homes permitted

Arizona VA Refinance

VA Refinance Mortgage Lender
  • VA IRRRL Rate & Term
  • Streamline Option
  • No Appraisal Required
  • No Income Verification

Arizona VA Ellgibility

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability
Arizona Mortgage Programs

Arizona Home Purchase

Thinking of Buying an Arizona Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Arizona renovation home loans

Looking to Rehab an Arizona Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Arizona FHA Home Loans

Great for 1st Time Arizona Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Arizona VA Home Loans

100% Financing for Arizona Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Arizona Conventional Home Loans

Flexibility for Arizona Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Arizona Jumbo Home Loans

Arizona Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Arizona USDA Home Loans

100% Arizona Rural Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Arizona Native American Home Loans

Arizona HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Arizona Manufactured Home Loans

Great Alternative Arizona Housing

Arizona reverse mortgages

Your Arizona Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Arizona Non QM Home Loans

Making Arizona Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Arizona One Time Close mortgages

Build Your Arizona Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Arizona Refinance Mortgage Loans

Arizona Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Arizona Cash-out Home mortgages

Arizona Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Arizona Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Jordan Mowrey

SR Loan Officer
NMLS 210325

Brad Rund

Business Dev Manager
NMLS #224674

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