BUYING A HOME IN ARIZONA
QUICK REFERENCE
®BENEFITS of Using a REALTOR
HOME COMPARISON
LOAN APPLICATION REQUIREMENTS
THE LOAN PROCESS
PMI FAQS
WHAT TO AVOID DURING THE LOAN PROCESS
TYPES OF LOANS
SAMPLE MORTGAGE PAYMENT
RENT vs BUY
THE ESCROW PROCESS
ESCROW SERVICES
CLOSING COSTS: WHO PAYS WHAT
CLOSING YOUR ESCROW
WHAT I S TITLE INSURANCE & WHY YOU NEED IT
TITLE POLICY CHART & WAYS TO TAKE TITLE IN AZ
RED FLAGS IN THE ESCROW/TITLE PROCESS
TERMS YOU SHOULD KNOW
DIRECTORY OF SERVICES
PLANNING YOUR MOVE
SAMPLE PURCHASE CONTRACT
SAMPLE BUYER ADVISORY
ARIZONA ZIP CODE MAP
LOAN APPLICATION REQUIREMENTS
Be prepared to provide some or all of these items to your loan officer.
-
Addresses of residences for last two years
-
Social Security Number
-
Drivers License or other valid ID
-
Names and addresses of employers for last two years
-
Two recent pay stubs showing year-to-date earnings
-
Federal tax returns for last two years
-
W-2’s for last two years
-
Last two monthly statements for all checking and savings accounts
-
Loans: Names, addresses, account numbers, and payment amounts on all loans, including real esate loans
-
Credit cards: Names, addresses, account numbers, and payment amounts on all credit cards
-
Addresses and values of other real estate owned
-
Value of personal property. Your best estimate of the value of all of your personal property (autos, boats, furniture, jewelry, televisions, stereos, computers, other electronics, etc.)
-
For a VA loan, Certificate of Eligibility or DD214s
-
Divorce decree if applicable
-
Funds to pay upfront for the credit report and appraisal
-
Letters of Explanation regarding credit inquires or special circumstances