Buying a home can raise many questions, especially if this is your first time. Below, you can find answers to some of our most frequently asked questions.
During your consultation, we can expand on these answers and address any other questions you may have about applying for a mortgage. Please call (480) 618-5358 to schedule your consultation now.
Q: What loan programs do you offer?
A: We can connect customers with any of the following types of loans: conventional, jumbo, VA, USDA, and FHA.
We also can help you purchase an investment property. And if you are applying for a mortgage without a W-2, you can use our bank statement loan application process.
By offering a wide variety of loan products and different options for documenting your income, Misty Garrison ensures that every customer’s needs are met.
Q: What are your mortgage rates?
A: There is no way to give a blanket answer to this question, because mortgage rates are constantly fluctuating.
Also, your qualifications, the type of mortgage you are applying for, and additional factors can all have an impact on the rates you receive.
While we can provide you with estimates, that is only possible to do if you provide us with some basic financial information.
Q: Can I buy a home without perfect credit?
A: It is a common myth that it is only possible to purchase a home with a perfect credit score. But a range of mortgage products are suitable for situations where credit may be less than ideal. Some examples include FHA loans, VA loans, and USDA loans, all of which are backed by government agencies.
At your consultation, Misty can help you to find out whether you may be eligible for any of these programs.
Q: How much do I need for the down payment?
A: The exact amount you need to cover your down payment depends on the type of mortgage for which you are applying as well as your borrower qualifications.
While a 20% down payment is what many borrowers expect, there are some mortgage products that feature lower down payments with the right qualifications.
Once again, you might want to think about applying for an FHA, VA, or USDA mortgage. FHA loans can have low down payments, and VA and USDA loans can have zero down payment.
Many borrowers also can qualify to purchase a home with a conventional loan with a low down payment as well.
Q: Do you serve my area?
A: Misty Garrison works with customers in Tempe and throughout the state of Arizona. No matter where you are shopping for a home or looking to refinance in AZ, she can help you find a suitable mortgage.
Ready to get the answers you are looking for about the home loan process? Contact Misty Garrison today at (480) 618-5358 to schedule your consultation. You are closer than you think to getting the keys to your new home.
Mortgages by Misty is managed by Barrett Financial Group, LLC NMLS: 181106 (www.nmlsconsumeraccess.org) AZ MB-0945016, is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.