The Best Mortgage Lenders in Tempe, AZ
Compare verified mortgage lenders serving Tempe, Arizona. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Tempe
Featured Mortgage Lenders
Desert Financial Credit Union Mortgage Team
Desert Financial Credit Union
Desert Financial Credit Union is one of Arizona's most trusted mortgage lenders with deep roots in the Phoenix metropolitan area including Tempe. As a member-owned financial cooperative, they offer highly competitive rates and personalized service. Their mortgage team specializes in first-time homebuyer programs and provides exceptional guidance through the entire lending process. With numerous local branches and a strong community presence, they consistently receive outstanding reviews for their responsive service and competitive loan products.
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Nova Home Loans
Nova Home Loans
Nova Home Loans is an Arizona-based mortgage lender with a strong physical presence in Tempe and throughout the state. They are particularly renowned for their expertise in FHA loans and first-time homebuyer programs. The company has built an excellent reputation for providing personalized service and competitive rates while maintaining local decision-making authority. Their Tempe branch consistently receives high marks for knowledgeable loan officers who provide clear communication and guidance throughout the mortgage process.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation operates a highly-rated Tempe branch that serves the entire Phoenix metropolitan area. They are known for their exceptional customer service and efficient loan processing. The company has received numerous industry awards and maintains an outstanding reputation for competitive rates and flexible loan options. Their local loan officers have extensive experience with the Tempe housing market and provide comprehensive guidance from pre-approval through closing, earning consistently excellent reviews from homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Tempe, AZ
What are the current mortgage rates like in Tempe, AZ?
Mortgage rates in Tempe are competitive with national averages but can be influenced by Arizona's growing market. As of late 2023, rates typically range from 6.5% to 7.5% for 30-year fixed loans, though local lenders may offer special programs. It's wise to compare rates from both local credit unions and national lenders operating in the Phoenix metro area.
Are there any first-time homebuyer programs specific to Tempe?
Yes, the Tempe Home Assistance Program (THAP) offers down payment assistance up to $15,000 for eligible first-time buyers. This city-specific program provides a zero-interest, deferred loan that's forgiven after five years of occupancy. Additionally, Arizona statewide programs like the Home Plus Mortgage can be combined for maximum benefits.
How does Tempe's competitive housing market affect mortgage pre-approval?
In Tempe's fast-moving market, a strong pre-approval is essential to compete effectively. Local lenders familiar with Tempe's appreciation trends can provide underwriting that accounts for the city's 5-7% annual home value increases. Many sellers prioritize offers with local lender pre-approvals, knowing they understand Arizona's specific appraisal challenges.
What special mortgage considerations should I know about for Tempe's historic districts?
Purchasing in Tempe's historic districts (like Maple-Ash or Mitchell) may require specialized renovation loans or historic preservation mortgages. These properties often need FHA 203(k) or HomeStyle Renovation loans to address preservation requirements. Lenders familiar with Tempe's historic guidelines can help navigate the additional documentation needed.
Are there any local property tax programs that affect mortgage planning in Tempe?
Tempe homeowners should be aware of Arizona's limited property tax increases, capped at 5% annually for primary residences. However, investment properties face higher rates. Many lenders factor this into debt-to-income calculations, and first-time buyers may qualify for additional exemptions through the Arizona Department of Revenue.
Why Choose a Mortgage Lender in Tempe?
Local Market Knowledge
Lenders who understand Tempe'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 Tempe and get competitive rates on your home loan.