Types of Arizona
Home Loans

Looking for a home loan in Arizona?

we’ll help you close quickly.

Are you looking for a home loan in Arizona? Then let our Scout Mortgage team help.

From traditional home loans to loans designed for Real Estate Investors, our team members can explain your options and help you decide which loan program is best for your situation. We can walk you through the application process to help you close as quickly as possible.

Our team wants to help you buy the home of your dreams – you’re just one loan application away from making this a reality!

Contact us now to apply for a mortgage in Arizona.

Find the Right Arizona Mortgage Loan for You

Choosing a home loan can seem overwhelming. But when you work with Scout Mortgage, we keep the process simple. Our team will answer any questions you have and, when you’re ready, we’ll help you apply.

Read on to learn more about common types of mortgages in AZ.

Types of Mortgage Loans in Arizona

Every home loan is unique. At Scout Mortgage, we’re passionate about matching clients with the best loan for their circumstances. Typically, this means choosing from one of the following types of mortgage deals.

Conventional Home Loans

Unlock the door to your dream home with our conventional loan products. Perfect for borrowers with a solid credit history, conventional loans provide competitive rates and flexible terms. Whether you’re purchasing your first home or refinancing an existing mortgage, our team helps you navigate options.

Key Features

  • Flexible loan Terms
  • Suitable for primary residences, second homes, and investment properties
  • Frist Time Home Buyer Programs with down payment as low as 3%
  • Lower Mortgage Insurance Premiums for those putting less than 20% down

FHA Home Loans

FHA loans are designed to support first-time homebuyers and those with lower credit scores. With lower down payment requirements and easier credit qualifications, FHA loans are a popular choice for many borrowers looking to buy their first home.

Advantages Include

  • Low down payment requirements
  • Easier credit qualifications
  • Ideal for less than perfect credit borrowers
  • Streamline refinance programs available

Jumbo Loans

For those looking to purchase a luxury home, Scout’s jumbo loan options extend beyond the conforming loan limits. Ideal for high-value properties, jumbo loans offer attractive rates and terms to finance your perfect home.

Jumbo Loan Highlights

  • Competitive interest rates for higher loan amounts
  • Flexible terms to fit your needs
  • Access to high- value luxury real estate

VA Loans

Serving those who have served our country, VA loans offer unmatched benefits for veterans and active-duty military personnel. With no down payment required and no private mortgage insurance, VA loans make homeownership accessible and affordable for those who qualify.

Key Benefits

  • No down payment required
  • Competitive interest rates
  • Flexible credit requirements
  • No Private Mortgage Insurance
  • Loan Assumability
  • Support for Disabled Veterans

Construction Loans

At Scout Mortgage, we understand that building your dream home is a journey filled with excitement and possibilities. Our One-Time Close Construction Loan is designed to simplify the process, offering you a seamless way to finance your new construction from start to finish.

Key Features

  • Single Approval and Closing Process
  • Interest Only Payments during construction
  • Built-In Project Management
  • Available for primary residences, second homes and investment properties
  • Interest rate modification available after closing

Real Estate Investment

Hoping to invest in real estate or refinance a property? Then let us match you with a program designed to maximize your return on investment. Not sure which mortgage loan type is best? Our team members can help with any questions, whether you need mortgage payment guidance or just information.

Key Features

  • Conventional & Jumbo Loan Programs
  • DSCR
  • Fix & Flip Loans
  • Hard Money

Home Equity Loans

Access the equity in your home with Scout Mortgage’s Home Equity Loan programs. Whether you are looking for a fixed rate term loan or a revolving line of credit, we have a loan program that will allow you to easily and conveniently access the equity in your home.

Key Highlights

  • Fixed Rate Terms Loans
  • Home Equity Lines of Credit
  • Easy Application Process and Quick Close
  • Competitive Interest Rates

Calculate How Much Your Mortgage Could Be.

rates.

Know the Mortgage Rate Options

Mortgage rate options vary depending on the loan type and your lender’s criteria. However, you may have the following rate options open to you.

Fixed Rate

Predictable, a fixed rate mortgage means you pay the same amount towards your loan balance until the fixed period ends.

Interest Only

With an interest only mortgage, you only pay interest, rather than the principal balance, for a fixed term. You then start paying down the home loan.

Adjustable ARM

An adjustable-rate mortgage has an interest rate that changes based on market conditions. It’s a flexible option that could save you money.

over 20 years of experience.

Why Trust Scout Mortgage to Help You Find AZ Home Loans?

Clients have been trusting Scout Mortgage with their home loan needs since 1999. With over 20 years of experience in sourcing AZ home loans, we’re an obvious choice for anyone seeking a mortgage loan! We’re all about keeping home loans in AZ simple. Contact us to learn more.

Here are just some of the benefits of shopping for Arizona mortgages with Scout:

  • Fast and reliable communication
  • Friendly and professional team
  • Application support and guidance
  • Speedy loan approval process

Let Us Scout the Best Mortgage Loans in AZ for You!

Whether you’re a first-time homebuyer or a seasoned investor, don’t let searching for a mortgage overwhelm you. Instead, let us scout out the best types of home loans for your needs!

It’s quick and easy to sign up, and our team members will help you explore your options. We want you to have the best loans terms and the most competitive rates. We’ll explain the different mortgage loans available and help you apply.

So, don’t delay! Apply now to discover the different types of home loans in AZ to suit your needs.

Family Unpacking New Home Purchase types of mortgage loans