The Best Mortgage Lenders in Globe, AZ
Compare verified mortgage lenders serving Globe, Arizona. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Globe
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender renowned for its exceptional customer service, competitive rates, and personalized approach. With over 28 years of experience, they have a strong regional presence in Arizona, including serving Globe, and are known for their wide range of loan products and high customer satisfaction scores. Their commitment to transparency and community involvement makes them a trusted choice for homebuyers.
Loan Types:
loanDepot
loanDepot
loanDepot is a highly regarded national lender with a strong Arizona presence, offering innovative digital tools and efficient online processes for a seamless mortgage experience. They provide competitive rates and diverse loan options, backed by numerous positive reviews for their customer service and reliability. Serving Globe and surrounding areas, they are known for their accessibility and modern approach to home financing.
Loan Types:
New American Funding
New American Funding
New American Funding is a respected lender with a focus on inclusive lending and excellent customer care, offering specialized programs for diverse borrowers. With over two decades of experience, they have a solid reputation in Arizona for competitive rates and responsive service, making them a reliable option for Globe residents. Their high ratings and commitment to community support underscore their standing as a top mortgage provider.
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Frequently Asked Questions
Common questions about mortgage lending in Globe, AZ
What are current mortgage rates like in Globe, AZ compared to state averages?
Mortgage rates in Globe typically run slightly higher than Arizona's state average due to the rural nature of Gila County and smaller local lending market. Currently, rates are approximately 0.125-0.25% higher than Phoenix metro rates. Working with lenders experienced with rural Arizona properties can help secure competitive rates despite the location premium.
Are there any first-time homebuyer programs specifically available in Globe?
Yes, Globe homebuyers can access the Gila County Home Buyer Assistance Program, which offers down payment assistance up to $15,000. Additionally, Arizona's Home Plus mortgage program is available statewide and provides competitive rates with down payment assistance, particularly beneficial for Globe's median home prices which are below state averages.
How does Globe's mining history affect mortgage lending and property assessments?
Globe's mining history can impact property assessments through potential environmental considerations, though most residential areas are unaffected. Lenders may require additional verification for properties near former mining sites. Working with appraisers familiar with Globe's unique geography and history ensures smoother transactions in this historic mining community.
What special considerations should I know about getting a mortgage for older homes in Globe's historic districts?
Historic homes in Globe's downtown district may require specialized lending approaches. FHA 203(k) rehabilitation loans are popular for these properties, as many homes were built before 1950 and may need updates. Lenders often require more detailed inspections and may have stricter requirements for homes with original features like knob-and-tube wiring.
How does Globe's rural location impact mortgage approval and processing times?
Globe's rural setting can extend mortgage processing by 5-10 business days compared to urban areas, primarily due to appraisal scheduling challenges and fewer local underwriters. Working with lenders who have established relationships with local appraisers and title companies can help streamline the process in this more remote Gila County location.
Why Choose a Mortgage Lender in Globe?
Local Market Knowledge
Lenders who understand Globe'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 Globe and get competitive rates on your home loan.