Todd Uzzell Mortgage Loan Officer

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How to get a Home Loan in Arizona

Conventional Loans

Down Payment Assistance Loans

ARM vs. Fixed Rate Mortgage

Areas We Serve

Mortgage Lender Maricopa County AZ

How to get a Home Loan in Arizona

Got Mortgage or Home Loan Questions?

Conventional Loans

As a home buyer, you may be considering a Conventional Home Loan to finance your purchase. Here are some things to know about this type of loan:

-A Conventional Home Loan is a mortgage that is not backed by a government entity, such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA).

-Conventional Home Loans typically have higher credit score requirements than government-backed loans.

- down payment requirements for a Conventional Home Loan are usually higher than for government-backed loans.

- Private Mortgage Insurance (PMI) is required for most Conventional Home Loans if you make a down payment of less than 20% of the purchase price.

If you're considering a Conventional Home Loan, contact me, Todd Uzzell. As an experienced mortgage lender, I can help you navigate the loan process and find the right loan for your needs.

Are you a first-time home buyer looking for down payment assistance? You're not alone. In fact, many people struggle to come up with the cash needed for a down payment. But there are options available to help you buy your first home. One such option is a down payment assistance loan.

A down payment assistance loan is a special type of loan that can help you cover the cost of your down payment. This can be a great option if you don't have the cash on hand to make a large down payment. Down payment assistance loans are typically provided by state or local governments, or non-profit organizations. They may have different requirements and terms, so it's important to do your research before choosing one.

If you're considering a down payment assistance loan, here are a few things to keep in mind:

-Down payment assistance loans typically have lower interest rates than traditional loans.

-They may have shorter repayment terms, which means you'll need to pay off the loan more quickly.

-There may be restrictions on how you can use the money from the loan. For example, some programs may require that you use it for specific purposes like home repairs or renovations.

Before you decide whether or not a down payment assistance loan is right for you, be sure to speak with a mortgage lender about all of your options.

FHA Loans

Are you a first-time home buyer looking for financing? If so, you may be wondering if an FHA loan is right for you.

FHA loans are a popular option for first-time home buyers. They're typically easier to qualify for than conventional loans, and they offer competitive interest rates. But there are some downsides to FHA loans to consider before you apply.

Here's what you need to know about FHA loans:

What is an FHA loan?

FHA loans are insured by the Federal Housing Administration. The FHA doesn't actually lend money; instead, it provides insurance that protects lenders from losses if borrowers default on their loans.

FHA loans are available for both purchase and refinance mortgages. If you're looking to buy a home, an FHA loan can be a great option. And if you already have an FHA loan, you can refinance into a new one with lower interest rates or different terms. Todd Uzzell Mortgage Lender will work with your budget . As an experienced mortgage lender, Todd has the knowledge and expertise to help you finance your dream home. Give him a call today at (480)330-1724 to learn more about FHA loans and how he can help you get the financing you need

Hard Money Loans

If you're in the market for a home loan, you may have come across the term "hard money home loans." What are they and should you consider one?

Hard money home loans are usually provided by private investors or companies, rather than banks or other financial institutions. The loans are typically for a shorter term than traditional mortgages, and they often come with higher interest rates.

So why would you consider a hard money home loan? There are a few potential benefits:

- Hard money lenders may be more willing to approve loans for borrowers with less-than-perfect credit.

- The loans can be approved and funded quickly, which can be helpful if you're looking to buy a property that's about to go on the market.

- You may be able to negotiate more favorable terms with a hard money lender than you could with a bank or other financial institution.

Of course, there are also some downsides to hard money home loans that you should be aware of before making a decision:

- The higher interest rates can make them more expensive in the long run.

- If you default on the loan, the lender could foreclose on your home.

So is a hard money home loan right for you? Ultimately, that decision will depend on your individual circumstances. But it's definitely something worth considering if you're having trouble securing financing from traditional sources.

Jumbo Loans

Are you a home buyer looking for a jumbo loan? Todd Uzzell Mortgage Lender can help you get the financing you need.

A jumbo loan is a mortgage loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In most areas of the country, the conforming loan limit is $484,350. But in high-cost areas, the limit is higher. For example, in Alaska, Hawaii, Guam, and the U.S. Virgin Islands, the limit is $726,525.

If you're looking for a loan that exceeds the conforming loan limits, a jumbo loan from Todd Uzzell Mortgage Lender may be right for you. We offer competitive rates and terms on our jumbo loans, and our experienced team will work with you to get you the financing you need.

Non QM Home Loans

If you're in the market for a home loan, you may have come across the term "non-QM loan." So what exactly is a non-QM loan? In short, a non-QM loan is a mortgage that doesn't fit into the guidelines set by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

The main difference between a non-QM loan and a "qualified mortgage" (a mortgage that adheres to the GSE guidelines) is that a non-QM loan can be given to borrowers with alternative sources of income, such as investments or retirement accounts. Non-QM loans can also be given to borrowers with higher debt-to-income ratios or lower credit scores than what's allowed for qualified mortgages.

If you're thinking of applying for a non-QM loan, there are a few things you should know. First, because they are not backed by the GSEs, non-QM loans tend to be more expensive than qualified mortgages. You'll also likely need to make a larger down payment - often 20% or more. Finally, it's important to work with a lender who has experience with this type of loan; not all lenders offer them.

If you think a non-QM loan might be right for you, talk to a mortgage professional at Todd Uzzell Mortgage Lender today. We have years of experience helping borrowers find the right home loan, and we can help you too. Give us a call or visit our website today to learn more.

USDA Home Loans

Are you thinking about buying a home, but feel like you won't be able to qualify for a traditional mortgage? Don't worry - there are still options available to you. One option is a USDA home loan.

USDA home loans are backed by the United States Department of Agriculture (USDA). They are available to borrowers who meet certain income and credit requirements, and who want to buy a home in a rural or suburban area.

One of the great things about USDA home loans is that they offer 100% financing. That means that you can finance the entire purchase price of your home, without having to put any money down.

Another benefit of USDA home loans is that they have flexible credit requirements. Even if you have some blemishes on your credit history, you may still be able to qualify for a loan.

If you think a USDA home loan might be right for you, I'd be happy to help you learn more about them. I'm Todd Uzzell, a mortgage lender with over 20 years of experience. I can answer any questions you have about USDA home loans, and help you get started on the application process. Give me a call today!

VA Home Loans

If you're a veteran looking to purchase a home, you may be wondering if you're eligible for a VA loan. VA loans are available to eligible veterans and active-duty service members, and they offer a number of benefits.

For one, VA loans don't require a down payment, which can make buying a home more affordable. Additionally, VA loans come with competitive interest rates and no monthly mortgage insurance premiums.

If you think you might be eligible for a VA loan, the first step is to get in touch with a qualified lender. Todd Uzzell is a Mortgage Lender who specializes in helping veterans obtain VA loans. He can help you determine if you're eligible and walk you through the process of applying for a loan.

For more information about Todd Uzzell and VA Loans, visit his website at https://todduzzell.com/.

ARM vs. Fixed Rate Mortgage

A lot of home buyers face the choice between getting an adjustable-rate mortgage (ARM) or a fixed-rate mortgage. There are pros and cons to each option, so it's important to understand the difference before making a decision.

With a fixed-rate mortgage, the interest rate stays the same for the life of the loan. This means that your monthly payment will never change, which can make budgeting easier. On the other hand, an ARM starts with a lower interest rate but it can go up or down over time. This means that your monthly payments could increase or decrease, which can make budgeting more difficult.

So, which is right for you? It depends on a number of factors, including your financial situation and your comfort level with risk. If you're planning on staying in your home for a long time and you want the stability of predictable payments, a fixed-rate mortgage may be the best choice. On the other hand, if you're comfortable with some uncertainty and you're not worried about potentially higher payments down the road, an ARM could be a good option.

If you're not sure what to choose, talk to a mortgage lender like Todd Uzzell. He can help you compare options and find the best loan for your needs. Visit his website today to learn more.

How to get a home loan