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
You Do Not Need 20 Percent Down to Buy a Home and Nathan Rufty Explains the Four Programs That Prove It
The Belief That Is Keeping More Buyers Out of Homeownership Than Any Market Condition
Nathan Rufty at Canopy Mortgage hears it consistently. Buyers who assume they need twenty percent down before they can even consider purchasing a home. That belief is understandable given how the twenty percent figure gets repeated in casual conversations about homeownership. It is also the single biggest thing holding many qualified buyers back from a purchase they could actually make right now.
The reality is that there are multiple traditional loan programs with low and zero down payment options that most buyers have never fully explored. Nathan is licensed in California, Arizona, Nevada, and Utah and he wants to put the actual numbers on the table before anyone assumes homeownership is out of reach.
The Four Loan Programs Every Buyer Should Know About
Conventional financing is available with as little as three percent down. On a five hundred thousand dollar home that is fifteen thousand dollars. Not the hundred thousand dollar barrier that twenty percent would require. Closing costs on a conventional loan can be covered through a lender credit associated with a rate adjustment, through a seller concession negotiated into the purchase contract, or through a gift from a qualifying family member.
FHA financing through the Federal Housing Administration requires three and a half percent down. On a five hundred thousand dollar home that is seventeen thousand five hundred dollars. On a lower price point the math scales proportionally. A three hundred thousand dollar home requires ten thousand five hundred down under FHA guidelines. The same closing cost options apply as with conventional including seller contributions and family gifts.
USDA rural development loans are a zero down payment option that many buyers have never heard of or have dismissed because of the name. The United States Department of Agriculture runs a lending program called the Rural Development loan that covers a wide range of eligible areas that go well beyond what most people picture when they hear the word rural. If a property falls within a qualifying area USDA financing provides one hundred percent financing with no money required for the down payment.
VA loans for eligible active duty service members and retired military also provide one hundred percent financing with zero down payment required. If you served and have not explored whether you qualify for a VA home loan that conversation is worth having before assuming you need to save a large down payment.
What Closing Costs Can Look Like With These Programs
The down payment is not the only component of upfront costs and Nathan is direct about that. Closing costs exist across all loan programs. But they do not have to come entirely out of the buyer's pocket. Lender credits, seller concessions negotiated into the purchase offer, and gifts from family members are all legitimate and commonly used sources for covering closing costs depending on the loan program and the specific transaction.
Understanding which sources are available for your specific program and how to negotiate for them is part of the conversation Nathan has with every buyer before the offer is written.
Why the Conversation Should Come Before the Assumption
Every buyer's situation is different. Income, credit, available savings, the specific property, the market conditions in the area, and the loan program that fits the full picture all interact in ways that produce different optimal strategies for different buyers.
Nathan Rufty is not here to sell anyone anything. He is here to present options based on each buyer's particular situation and needs. The conversation does not cost anything and it may reveal that homeownership is significantly closer than the twenty percent assumption has led you to believe.
Call or text Nathan directly at 909-503-5600 or email [email protected]. He serves buyers in California, Arizona, Nevada, and Utah and looks forward to connecting with you about what is actually available for your situation right now.
Sources
ConsumerFinancialProtectionBureau.gov
HUD.gov
FannieMae.com
USDA.gov
VA.gov
Mortgage Calculator
See your total mortgage payments using the tool below.
State Licenses
CA #CA-DOC292056
AZ #0946912
UT #12395907
NV #77114
