This section features information about how much real estate you can afford in Fountain Hills.
An important first step in the home buying process is to determine what you want to spend and how much you can afford to spend. If you are paying cash, this is a pretty straight-forward process. But if you need to obtain a loan, it's important that you contact a reputable loan officer and explore your options. A loan officer that is familiar with Arizona real estate procedures will complete a "Loan Status Report" for you. In Arizona, this form must accompany any offer that you may decide to present, if the offer involves lender financing. Your credit history, your income, your outstanding debt, monthly expenses, employment history, the type of mortgage you want, and the amount of savings you have can all impact on how much real estate you can afford.
Underwriting guidelines are in constant flux, so it's important not to assume that you are still qualified just because you were at some point in the past. In addition, be careful with on-line calculators. They are often misleading, as they often do not take into account all of the above factors.
By understanding the price range you can afford and the type of property you are looking for, you will be able to zero in on the appropriate areas and find the ideal home. If the offer you present on that ideal home involves financing, your offer must include a "Loan Status Report."
I am here to assist you in this process, so if you are interested in getting started, please complete the form below and I can put you in contact with reputable local lenders. There is no obligation and your information will be kept strictly confidential.