Conventional Loans in Arizona

Conventional Home Loans in Arizona — Smarter home loans fit for you.


Loan Product Details – Conventional Home Loans in Arizona

“I want to have my payments fixed for the life of the loan.”.


Tucson Conventional Loan Scores

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One of the most common types of home loans in Arizona is a conventional mortgage. These loans stand a part from most other common types of home financing because they are not underwritten to government guidelines, such as an FHA, VA, and USDA Rural Development Loans. Conventional loans, instead, are most often underwritten to either Fannie Mae or Freddie Mac guidelines. Apply Now

(520) 303-5620 or (480) 648-1733

Private Mortgage Insurance

Conventional home loans that are above 80% loan-to-value or LTV will require what is known as private mortgage insurance or PMI. This insurance is added into your monthly payment and is used to protect the lender in case a borrower goes into default. To avoid PMI, a 20% down payment would be required. This is a great option for those who choose to put 20% or more down towards the purchase.

Property Types

A Conventional loan can be used for either a purchase or a refinance, an owner-occupied home, Manufactured homes, a second or seasonal home, or an investment. They also can be used to purchase a condo.

Please contact us if you would like to find out if a conventional mortgage is right for you in purchasing in Tucson.
 

Arizona house

Loan Features

Up to 97% financing for Purchase loans

Cash-out available to 85%

Minimum FICO 600

Manufactured home financing available (requires 680 FICO)

Recently listed properties are ok

Maximum loan amount of $417K

All loans are subject to underwriter final approval, terms and conditions may apply. Subject to change without notice. Always consult an Accountant or Tax Advisor for full eligibility requirements on tax deductions.

Joseph Small and his Team at Guild Mortgage is your trusted source for all your Conventional home loan mortgage needs. Proudly helping Arizona homeowners in Tucson, Phoenix, Sierra Vista, Yuma, Casa Grande, Flagstaff. If you think you are ready to begin the process, then just click the “Apply Now” button to get started. And if you have any questions about a Conventional home loan, or any other financing program, then call us now.

(520) 303-5620 or (480) 648-1733

 
 
You can contact Joe at: jsmall@guildmortgage.net