Tucson Mortgage FAQ
The process typically takes 30-45 days after an offer is accepted, depending on financing, inspections, and negotiations.
Down payment requirements vary by loan type and range from 0%, 3%, 3.5%, 5% to 20% and above.
FHA loans allow credit scores of 580 and greater. Credit approval is based on meeting credit, income and other financial requirements, while also meeting underwriting approval.
Once your prequalification is completed, we will determine Maximum Purchase Price.
Home ownership is considered one of the best long-term investments that a family can make. Doing so will allow you to build equity, potential appreciation, while providing you with tax deductions for mortgage interest and property taxes.
The first step in buying a home is determining how much home you can afford. To do so, one must evaluate finances, income and debt. Credit history as well as current credit scores will also be factors in determining home loan availability. By going through the prequalification process we will come up with a complete game plan to lead you to homeownership.
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