Your Local Mortgage Lender
Located in Arizona
Personalized Mortgage Experience
Nathan Rufty offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Arizona.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
Arizona Seniors With Home Equity Have a Tool That Eliminates the Mortgage Payment and Here Is How
The Reverse Mortgage Is Not What Most Arizona Seniors Think It Is
Nathan Rufty at Canopy Mortgage has been having a lot of conversations about reverse mortgages lately and he wants to be clear about one thing before anything else. The reverse mortgage of today is not the reverse mortgage that older generations heard stories about. The product has evolved and the protections for seniors are significantly stronger than what existed in earlier versions of the program.
If you are a senior in Arizona with equity in your home and you are looking for a way to sustain the lifestyle you worked your entire life to build while staying in that home this conversation is worth having.
What a Reverse Mortgage Actually Requires
One of the most appealing aspects of the modern reverse mortgage is what it does not require. No monthly mortgage payment. That single elimination can change the financial picture for a senior on a fixed income in a meaningful and immediate way.
What does remain are four basic obligations of homeownership that any responsible homeowner would be maintaining anyway. Homeowners insurance to protect the property. Property taxes on the home you own. HOA fees if you live in a community with a homeowners association. And maintaining the property in livable condition which means keeping up with the roof, the HVAC, and the basic systems that make the home functional.
Nathan can even help structure the equity access to build an escrow account that covers the insurance and taxes automatically so those obligations do not become a surprise or a burden on a fixed income. The mortgage payment is gone. The four obligations remain and can be managed within the equity strategy.
How This Differs From a Forward Mortgage or HELOC
A home equity line of credit or a standard fixed rate mortgage both require you to take equity out and pay it back. Monthly payments. Interest accumulating on what you borrowed. The reverse mortgage does not work that way. You access the equity you have built and there is no required monthly repayment as long as you remain in the home and meet the four obligations above.
That distinction is not right for every senior. But for those who want to stay in their home and need the equity to fund healthcare costs, supplement fixed income, cover living expenses, or simply stop having a mortgage payment consume a significant portion of their monthly budget it is a tool worth understanding.
Your Heirs Can Still Receive the Home
One of the most common misconceptions about reverse mortgages is that the bank takes the home when the borrower passes. That is not accurate. If you want to leave your home to family members, descendants, or heirs that option remains available. The loan balance becomes due when the home is no longer the primary residence and at that point heirs have options including selling the property, paying off the balance, or refinancing into a new loan to keep it in the family.
Nathan walks every client and their family through exactly what this looks like for their specific situation with complete transparency.
The Conversation Worth Having
You spent your life working toward a comfortable retirement. You should not have to drain your savings, your retirement account, or your 401k just to survive. If the home has equity and the equity can fund the lifestyle you earned there is a blueprint worth exploring to make that possible.
It may not be the right solution for your situation. Nathan will tell you honestly either way. But not knowing whether it could help is the only outcome that serves no one.
Call or text Nathan Rufty at Canopy Mortgage at 909-503-5600. He is licensed in Arizona and looks forward to having that conversation with you.
Sources
HUD.gov
NRMLA.org
ConsumerFinancialProtectionBureau.gov
ArizonaDepartmentofHousing.gov
Investopedia.com
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State Licenses
CA #CA-DOC292056
AZ #0946912
UT #12395907
NV #77114
