The Best Mortgage Lenders in Scottsdale, AZ
Compare verified mortgage lenders serving Scottsdale, Arizona. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Scottsdale
Featured Mortgage Lenders
David Lazerson
Fairway Independent Mortgage Corporation
David Lazerson and his team at Fairway Independent Mortgage have built an exceptional reputation in Scottsdale with nearly 300 overwhelmingly positive reviews. They specialize in personalized service and competitive rates for all loan types, particularly excelling in jumbo loans for the luxury Scottsdale market. Their extensive experience with complex transactions and commitment to transparent communication makes them a top choice for homebuyers seeking reliable mortgage solutions with local expertise.
Loan Types:
Michael Mesa
First National Bank of Arizona
As a locally headquartered bank with deep roots in Arizona, First National Bank of Arizona provides exceptional mortgage services with the advantage of local decision-making. Michael Mesa and his Scottsdale team are known for their expertise in construction loans and investment property financing, crucial for the active Scottsdale real estate market. Their community-focused approach and ability to offer competitive terms make them a preferred lender for both primary residences and investment properties.
Loan Types:
Scottsdale Mortgage Team
Guild Mortgage
Guild Mortgage's Scottsdale location has established itself as a trusted mortgage provider with decades of experience serving the Phoenix metropolitan area. Their team specializes in first-time homebuyer programs and government-backed loans while also handling complex jumbo loans common in Scottsdale's luxury market. With strong local processing and underwriting capabilities, they offer efficient closings and personalized service that has earned them consistent high ratings from Arizona homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Scottsdale, AZ
Are there any special mortgage programs for first-time homebuyers in Scottsdale, AZ?
Yes, Scottsdale homebuyers can access the Arizona Department of Housing's Pathway to Purchase program, which offers down payment assistance up to 5% of the loan amount. Additionally, the Home in Five Advantage program provides grants for down payment and closing costs specifically for Maricopa County residents, making Scottsdale's competitive market more accessible.
How do Scottsdale's luxury home prices affect mortgage qualification requirements?
With Scottsdale's median home price significantly above national averages, lenders often require stronger financial profiles including higher credit scores (typically 700+) and larger down payments. For jumbo loans common in Scottsdale's luxury market, you'll typically need substantial reserves (6-12 months of mortgage payments) and thorough income documentation.
What are the current mortgage rate trends for Scottsdale homebuyers?
Scottsdale rates generally align with national averages but can vary based on loan type and property location. Currently, jumbo loan rates for luxury properties are often competitive with conventional loans, while rates for condos and townhomes might be slightly higher due to HOA considerations unique to Scottsdale's resort-style communities.
Are there specific mortgage considerations for buying in Scottsdale's active adult communities?
Yes, purchasing in age-restricted communities like McCormick Ranch or DC Ranch requires understanding that FHA and VA loans aren't typically available for properties in 55+ communities. Conventional financing is standard, and lenders will carefully review HOA fees and reserves since these communities often have extensive amenities that impact financial stability.
How does Scottsdale's seasonal market affect mortgage timing and approval?
Scottsdale's peak buying season (October-April) can mean faster mortgage processing but more competition. During summer months, you might find more negotiating power but should be prepared for potential appraisal challenges in a slower market. Many lenders offer extended rate locks to accommodate Scottsdale's seasonal purchase timelines.
Why Choose a Mortgage Lender in Scottsdale?
Local Market Knowledge
Lenders who understand Scottsdale'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 Scottsdale and get competitive rates on your home loan.