Phoenix Mortgage Broker
Find a Phoenix, Arizona (AZ) mortgage broker. We have access to several Phoenix mortgage lenders who are competing for your business. Let us do the shopping for you.
Phoenix, Arizona is the largest city in the state with a population of 1,371,960 – and the city continues to grow! With one of the fastest growing metropolitan areas in the country, Phoenix has enjoyed a very active housing market in recent times. Also, a mean house value at $112,600 gives houses a modest price in Phoenix.
Arizona Loan Facts
- Community Property State - Since Arizona is a community property state, you must include the liabilities of both the husband and the wife when calculating debt-to-income ratios for a Arizona mortgage. You can still do a loan in one name, however, you must include the liabilities of both the husband and the wife.
- Low Closing Cost State - HUD has determined certain states to be high closing cost states and others to be low closing cost states. Arizona is classified as a low closing cost state due to lower than normal title fees and other closing fees.