Tarie N19 Apr 2019
Everyone at Sun American Mortgage was wonderful. Everything went so...read more
An Outstanding Professional18 Apr 2019
I have utilized Derek Hargrove and his team at Sun...read more
Ryan D17 Apr 2019
I've used Becky Staples for 5 mortgages on various rental...read more
Kristine D15 Apr 2019
Becky and her team were awesome to work with! She...read more
Sher D09 Apr 2019
We recently purchased a home and we used Derek Hargrove...read more
Gena R09 Apr 2019
Very friendly staff. They walk you through every step of...read more
Paula M08 Apr 2019
From the first phone call, working with Derek Hargrove on...read more
Kristina W06 Apr 2019
Throughout the years, We’ve had experience of purchasing several homes....read more
W Merritt02 Apr 2019
Brandon and his group were the best people to deal...read more
Fast, Streamlined & Secure!
Our NEW SMART technology application.
- 100% Secure! All your information is tightly secured.
- It's SMART! It will help you know exactly what you need to complete.
- Easy Upload! Upload documents ON ANY DEVICE.
- Stay In The Know! Receive updates during the process.
You don’t just need a local mortgage lender. You need a team that understands your needs and desires. You need a team that puts you first in the entire process. You need to feel confident that you’re getting the best rate and loan for you, or your family. You need transparency and communication that helps you see clearly the road ahead. And you need a fast, efficient, streamlined process to get you there.Read more
WE CHANGE LIVES, ONE HOME AT A TIME!
We Are Your Go-To Arizona Mortgage Lender!
These days with so many government regulations, getting a home loan can be stressful. That is why we have put together the strongest, most effective Arizona Home Loans process in the market. Our mortgage loan process takes you through step-by-step, with consistent communication, so you know what is going on every step of the way. One of the biggest reasons we are able to provide the service that is unmatched, is that most of our employees have worked here for 15 years or more. We have several that have hit the 20 year mark! We know how to make this a great experience for you. Meet our staff here.
Whether you’re trying to secure a Scottsdale mortgage, Phoenix mortgage, Mesa mortgage, Gilbert mortgage, or any other city in Arizona, we can help you. We’ve been rated one of top local mortgage lender in Arizona for over 30 years.
Here is our step-by-step process that makes your mortgage loan simple:
Step 1: Loan Pre-Qualification/Pre-Approval
Our certified Loan Officers are the best in the business among Arizona mortgage lenders. They will work with you in the beginning stages of your Arizona home loans to help you see what your mortgage payment could be based on your current income, assets and debts. You can use our easy online mortgage payment calculator to find out initially what your payment could be. In this step they will go over a simple loan application and collect any documentation they need to ensure they give you an accurate pre-approval letter. Complete our simple online pre-qualification form today! Key factors that make up a solid pre-qualification letter:
- Solid 2 years of income
- Stable job history
- Low Debt-To-Income Ratios
- Solid assets in the bank/investments
- Good Credit Score (Ranging from 680-730+)
- No bad credit history…i.e. collections, derogatory accounts, BK, Foreclosure
- Easily be able to verify all the above with good supporting documentation
Step 2: Process Your Mortgage Loan File
In this step, your Loan Officer’s highly trained assistant, as well as our highly trained mortgage loan processors, will scrub through your file thoroughly to ensure they get everything needed before your loan goes into Underwriting. There are many behind-the-scenes steps that are taken in this stage of your loan file to ensure all aspects of what is required is covered.
Here are just some of the steps taken in this stage of your loan.
- Order the appraisal
- Order title on property
- Order insurance on the property
- Verify income, assets, and all other documentation (There are many steps involved with this that you may not see)
- Scrub through your credit report and verify any trade that needs to be updated or requires more information.
- Review all documents that come back in, appraisal, title and insurance.
- Scrub entire application and make sure everything is all in order.
- Based on the loan type, either Conventional, FHA, VA or USDA, many other items need to be reviewed and scrubbed.
Start Your Home Loan Today – With our Streamlined Online Application!
Step 3: Underwriting of Your Arizona Mortgage Loan File
This is where the rubber hits the pavement! Our Underwriting team is one of the strongest in the business. Most of our staff have been working for Sun American Mortgage for 15 years or more. They are highly trained and are extremely committed to helping all our clients achieve their home ownership goals. The list below doesn’t do justice to all that is involved to properly Underwrite your loan. Just know, there are many hard-working hours behind the successful Approval of your Arizona home loans.
Here are just some of the steps taken in this stage of your loan.
- Reviewing entire loan file in addition to what was done in Processing
- Reviewing and double checking income, assets, credit, funds needed to close, etc…
- Verifying that the loan program meets Conventional, FHA, VA, USDA guidelines.
- Verifying investor programs for any additional guidelines.
Step 4: Preparing Your Arizona Home Loans For Signing
Double check, double check and double check again. The amount of documentation in your loan file at this point is about 4-5 inches thick! It’s a lengthy process to ensure all the “i’s” are dotted and “T’s” are crossed.
Step 5: Funding Your Home Loan
For you as a borrower, this is a great day where you can relax and begin to enjoy your new loan/house. For us, the work still continues on your file to ensure everything is all in order per the guidelines/investors. Many hours are spent with our Closing team to ensure all is done correctly and everything is taken care of.
We are proud to be among the best Arizona mortgage lenders with some of the lowest mortgage home loan rates and one of the best rated Arizona mortgage lender.
Here are some quick links around our site:
Q & A
Arizona is set to be one of the top housing markets in the country. There’s never been a better time to purchase or refinance your home. You can use our mortgage calculator Arizona and find out exactly what your payment could be. Then you can contact us and start your streamlined application with our new Accelerator online application. We’ll help you see that the current mortgage rates Arizona, we are one of the top mortgage lenders with the best mortgage interest rates.
If you’re a First Time Home buyer, there are many first-time home buyer grants in Arizona, that will help you get into your first Arizona home loans.
Here are some of the Arizona down payment assistance programs that we offer:
Arizona Home In 5
Home Plus home loan program
Pathway to Purchase Arizona
These programs offer great assistance with first time home buyers with their down payment on a new home purchase. There are some restrictions, so be sure to contact us so we can go over all the details of each program to see what makes sense for you.
Contact us today to learn more about these great down payment assistance programs for Arizona residents. 480-832-4343
Ready to find your next Arizona home?
Check out some of our Preferred Real Estate Agents.
Arnett Properties: http://arnettproperties.com/
Chuck Malone JK Realty: http://gilbertazhomestoday.com/
The Timeline of Our Amazing Journey
Sun American Founded - 1984 A Farnsworth Companydetails A new adventure starts, and a small company embarks on its path to great things!1984
Sun American First Office Constructed - 1988details Growing and Creating Jobs for Arizonans In The Early Stages1988
Sun American Writes The First Reverse Mortgage - 1989details Terry Turk, CEO Closes The First Reverse Mortgage In Arizona!1989
Sun American Becomes Fannie Mae Approved - 1996details Enabling Us To Retain Our Own Mortgage Servicing1996
2004 - Sun American Named Top Mortgage Banker by "The Business Journal"details What an honor to receive such a prestigious award!2004
2006 - Sun American Moved Into New Buildingdetails Exciting times for SAM!2006