Todd Uzzell Home Loans specializes in conventional mortgage financing throughout Arizona, offering competitive rates and flexible terms for homebuyers and homeowners looking to refinance. As traditional mortgage experts, we guide you through every step of the conventional loan process, ensuring you get the best possible terms for your Arizona home purchase or refinance.
Why Choose Conventional Loans?
Conventional loans offer the most flexibility and competitive rates for qualified borrowers. Unlike government-backed loans, conventional mortgages are not insured by federal agencies, allowing for more diverse loan structures and terms. Perfect for Arizona buyers with strong credit and stable income who want maximum financing options.
Conventional Loan Benefits
Flexible Down Payment
As low as 3% down payment available
Competitive Rates
Best rates for qualified borrowers
No Property Limits
Purchase or refinance any property type
Fast Processing
Quick approvals and closings
Types of Conventional Loans We Offer
Conforming Conventional Loans
- • Loan amounts up to $766,550 (2024 limit)
- • Best rates and terms available
- • Backed by Fannie Mae and Freddie Mac
- • Down payment as low as 3%
Non-Conforming (Jumbo) Loans
- • Loan amounts above conforming limits
- • Luxury and high-value properties
- • Competitive jumbo loan rates
- • Flexible underwriting guidelines
Specialized Conventional Programs
HomeReady® Loans
3% down payment for low-to-moderate income buyers
Home Possible® Loans
Low down payment options with flexible credit
Investment Property Loans
Conventional financing for rental properties
Conventional Loan Down Payment Options
Minimum Down
First-time and repeat buyers eligible
Avoid PMI
Some programs allow PMI removal at 10%
No PMI Required
Eliminate mortgage insurance completely
Private Mortgage Insurance (PMI): Required for down payments less than 20%, but can be removed once you reach 20% equity. Learn more about PMI removal
Conventional Loan Requirements
Credit Score Requirements
- • Minimum: 620 credit score
- • Best Rates: 740+ credit score
- • 3% Down: 620+ credit score
- • Investment Properties: 640+ credit score
Income & Debt Requirements
- • Debt-to-income ratio up to 50%
- • Stable employment history (2+ years)
- • Verifiable income documentation
- • Cash reserves recommended
Conventional Loans for Arizona Markets
Conventional loans work exceptionally well in Arizona's diverse real estate markets, from urban condos to desert estates:
Urban Properties
Phoenix and Tucson condos, townhomes
Suburban Homes
Family neighborhoods throughout Arizona
Luxury Properties
High-end homes and estates
Investment Properties
Rental property financing
Our Conventional Loan Process
Pre-Qualification
Quick assessment of loan amount
Documentation
Gather income, asset, credit documents
Underwriting
Thorough loan approval process
Closing
Fast closing and funding
Conventional Loan Costs in Arizona
Understanding the costs associated with conventional loans helps you budget effectively:
Typical Costs
- • Down payment: 3-20% of purchase price
- • Origination fee: 0.5-1% of loan amount
- • PMI: 0.3-1.5% annually (if less than 20% down)
- • Standard closing costs: 2-5% of loan amount
Rate Factors
- • Credit score (higher = better rates)
- • Down payment amount
- • Loan-to-value ratio
- • Property type and occupancy
Arizona Communities We Serve
Our conventional loan services are available throughout Arizona's major metropolitan areas and communities:
And many more Arizona communities. View all Phoenix area communities | View all Tucson area communities
Why Choose Todd Uzzell for Conventional Loans
Our expertise in conventional financing helps Arizona borrowers secure the best possible terms and rates.
Conventional Loans Processed
Years Experience
Client Satisfaction Rating
Related Services
Ready for a Conventional Loan?
Get competitive rates and flexible terms for your Arizona home purchase or refinance. Apply today for fast pre-approval.