The Best Mortgage Lenders in Gilbert, AZ
Compare verified mortgage lenders serving Gilbert, Arizona. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gilbert
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation - Gilbert Team
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage's Gilbert branch maintains exceptional customer satisfaction ratings with nearly 300 reviews praising their responsive service and competitive rates. As part of a nationwide lender with strong Arizona presence, they offer comprehensive loan programs including specialized options for veterans and first-time homebuyers. Their local team has deep knowledge of the Gilbert housing market and provides personalized guidance throughout the mortgage process.
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Nova Home Loans
Nova Home Loans
Nova Home Loans is an Arizona-based mortgage lender with deep roots in the Gilbert community. With over three decades of experience, they've built a reputation for exceptional customer service and local market expertise. Their Gilbert branch consistently receives high marks for transparent communication, quick closings, and competitive rate offerings. As a direct lender, they control the entire loan process in-house.
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Desert Financial Credit Union - Mortgage Services
Desert Financial Credit Union
Desert Financial Credit Union brings exceptional value to Gilbert homebuyers through member-focused mortgage services with competitive rates and low fees. As Arizona's largest credit union, they offer unique benefits including relationship discounts for existing members and specialized first-time homebuyer programs. Their local mortgage team provides personalized service with the stability of an 80+ year financial institution deeply embedded in the Arizona community.
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Frequently Asked Questions
Common questions about mortgage lending in Gilbert, AZ
What are the current mortgage rates like in Gilbert, AZ compared to the national average?
Mortgage rates in Gilbert typically track closely with national averages but can be slightly influenced by Arizona's competitive housing market. As of recent trends, Gilbert rates often fall within 0.125% to 0.25% of national averages, with conventional 30-year fixed rates generally ranging in the mid-6% to low-7% range. It's best to consult local lenders for real-time quotes as rates can vary daily based on market conditions.
Are there any first-time homebuyer programs specific to Gilbert that can help with down payments?
Yes, the Arizona Department of Housing offers the Home Plus program, which provides down payment assistance to eligible buyers in Gilbert. This program offers up to 5% of the loan amount in assistance that can be used toward down payment and closing costs. Additionally, some local lenders partner with Maricopa County programs specifically designed for first-time buyers in the Gilbert area.
How does Gilbert's rapid growth and development affect mortgage lending requirements?
Gilbert's status as one of the fastest-growing cities in the U.S. means lenders often view properties here favorably, but they may require additional documentation for newer construction areas. Lenders might pay closer attention to property valuations in rapidly developing neighborhoods and could require more extensive appraisals to ensure the property value keeps pace with the area's growth trajectory.
What special considerations should I know about getting a mortgage for a Gilbert home with an HOA?
Gilbert has numerous HOA communities, and lenders will carefully review HOA fees, reserves, and any pending special assessments. They'll typically require that your total monthly housing payment (including HOA fees) doesn't exceed debt-to-income ratio limits. Some lenders may have additional requirements for properties in age-restricted communities, which are common in certain Gilbert neighborhoods.
Are there any local property tax considerations that affect mortgage lending in Gilbert?
Gilbert property taxes are generally lower than national averages, which can help borrowers qualify for higher loan amounts. However, lenders will factor in the specific tax rate for your property's location, as rates can vary between different parts of Gilbert. New construction properties may have temporary lower tax assessments that could increase after the first year, which lenders account for in their calculations.
Why Choose a Mortgage Lender in Gilbert?
Local Market Knowledge
Lenders who understand Gilbert's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Arizona.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Gilbert and get competitive rates on your home loan.