Getting pre-approved is not required for home buyers, but is highly suggested. Consumers who start the mortgage process early can carefully identify the program that best fits their needs, namely ones with the lowest terms and cost.

The mortgage you are pre-approved for will be determined by at least several of the following factors:

How Much Money You Can Put Down If you plan to put down less than 20%, lenders will want the mortgage guaranteed by an outside third party such as VA, FHA, or a private mortgage to protect against default. It may be beneficial to look into first time buyers programs if you qualify.

Is Your Credit Solid?
The best terms and rates are given to those who have excellent credit scores. How you pay your bills, and financial obligations will play a major role in the type of loan you will be able to obtain.

You May Qualify For State-Backed Mortgage Programs
Most state programs provide a first time buyer, or someone who has not owned property within three years, assistance with low interest loans. In addition many states provide down payment assistance as well.

What Types of Mortgages Does Tenet Offer?

Freestand Financial offers many mortgage programs for all types of buyers. From first time buyers to the savvy investor we can help you choose the loan that is right for your situation.

We offer the following loans through our In-House mortgage program.

Fixed Payment and Fixed Interest Rate

Fixed Rate but Variable Payment

Fannie Mae

Mortgages for Arizona Home Buyers

Interest Only Loans

Contact us today to find out how we can help you into the home of your dreams.