New Home Purchase

Are you looking for a new home purchase loan in Arizona or Pennsylvania? With over 24 years of experience we make lending easy.  We don’t charge any points or origination fees on primary residence loans.  In fact, our compensation is paid directly by the lender not our clients.  If you are looking for a new home purchase loan we offer Jumbo, Conventional, VA, FHA, USDA Rural Housing, Reverse Mortgages, and FHA 203k loans.  We can close most purchases in 30 days.  Sometimes we can close them sooner and other times a little bit longer.  It all depends upon turn times with the lender.

New Home Purchase Guidelines:

On a new home purchase with an  FHA loan, FHA requires a down payment in the amount of 3.5% of the purchase price.  On a $100,000 home that’s a total of $3500 for your down payment.

Secondly, on a conforming loan, they require you to put 3% or 5% down on a home mortgage.  What’s the difference between a 3% and a 5% mortgage?  A 3% down loan requires 3-4 months for reserve requirements while your typical 5% down conforming loan does not.  A 3% down loan program also requires a higher fico score.  The 5% down loan usually requires 1-2 months for reserve requirements and accepts lower fico scores.

Thirdly, VA loans do not require any money down nor do they require mortgage insurance.  Lastly, USDA Rural Housing loans do not require any down payment.


Prefer to fill out an online application versus a paper form?

No problem.  We can email you a link to fill out the loan application online.  To start the process call our office at 602-358-8717 and tell us you would like us to email you the link to fill out the online application.  It’s as easy as that.  If you aren’t comfortable filling out an online application, no problem.  We can email you the forms to be filled out, scanned, & sent back to our office.



Article 1:  New Home Purchase

For more information call our office and talk directly to a licensed loan officer at 602-358-8717.