Arizona residential mortgages are our one-and-only focus. We live in the same neighborhoods as you. Our kids go to the same schools as yours. We are all a part of the same community. Our Loan Professionals understand the niches of the local market, and most of our loan decisions are made right here in Arizona.
That allows us to provide you answers on your loan quickly and accurately. It's that practice that has allowed us to prosper in an ever changing market for nearly 30 years. We do business following "The Golden Rule." Treat others as you would wish to be treated. We hire honest, hardworking people who live this mantra.
That allows us to provide you answers on your loan quickly and accurately. It's that practice that has allowed us to prosper in an ever changing market for nearly 30 years. We do business following "The Golden Rule." Treat others as you would wish to be treated. We hire honest, hardworking people who live this mantra.
Services
Being pre-qualified for a mortgage is the best way to know how much home you can afford. A pre-qualification gives you an estimate of how much you can borrow based on your income, employment, credit and assets. Realtors and home sellers tend to prefer to work with buyers who have already completed this step.
Pre-qualification starts the loan process. Once we have gathered information about your income and debts, a determination can be made as to how much you can afford to pay for a home. Since different loan programs can have different terms and requirements, you should get a prequalification for each loan type you may be interested in.
The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer.
Conventional Loans for purchase transactions require the buyer to put down at least 5% - 20% of the purchase price of the home. Most lenders require at least 10% equity in the property on refinance transactions. You might qualify for a HARP 2.0 Loan if you don't have enough equity to qualify for a conventional refinance.
A good fit for many first time buyers, as well as some who have had credit issues in the past. For Purchase transactions, FHA Loans require you to put down at least 3.5% of the purchase price of the home. For a Refinance transaction, the equity required varies depending on if you are taking additional cash out of your home.
Reviews (12)
Robert Wheeler
Jan 03, 2022
Report
Ken Cikler
Dec 30, 2021
Report
Linda Imes
Dec 28, 2021
Report
Ten stars hands down!!!! The best Mortgage loan company. Suburban Mortg. With Rita Wensel and team !!!! We have been doing business with Rita since 1999. We have purchased many homes, and we always call Rita for new loans and refinance. Her and her team are honest and willing to help you understand everything. Thank you ...Linda Imes
Adina Frent
Dec 09, 2021
Report
Rodney Squires
Dec 09, 2021
Report
Patricia Wagner
Dec 03, 2021
Report
Erica Uccio
Nov 29, 2021
Report
Wow! I can’t express enough how amazing Suburban Mortgage is. If I could give them more stars I would. This went above and beyond to get me into my dream house. They worked around the clock and were available for questions basically any time any day. They were so flexible, knowledgeable, and just KIND. Chantelle and Brittany were amazing to work with and I’m truthfully wishing they could handle all my lending needs. I was referred to them by builder but they have gained a life long customer in me. They deserve all the stars ⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️
Maria Hernandez
Oct 27, 2021
Report
Nathan Dewitt
Oct 23, 2021
Report
Buddy Hicks was a fantastic Loan Officer throughout the process. Offered advice and kept everything transparent throughout the process. Our processor, Kathleen was also amazing in helping make sure we were on track for our closing date. The team with Suburban mortgage made sure everything was in order and kept the process smooth. Submitting documents was easy and was clear on what we needed to provide. I would highly recommend them for your home purchase or refinance process.
Heather Wallace
Oct 15, 2021
Report
Wendy is amazing. She made everything so effortless on our part. She is very professional but also down to earth, which we appreciate. Everything went as she explained. She got us the best deal and rate. This is our second time using Suburban because of Wendy. If we ever need to refinance, we will definitely call Suburban Mortgage again.
Tracy Y.
Apr 02, 2014
Report
AMber W.
May 21, 2009
Report
Although I have not closed on my home yet (June 1st), the experience with Suburban Mortgage has been great and I highly recommend them!
As a first time home buyer I have been nervous, excited, anxious, overzealous, etc etc and have had a million ridiculous questions. I know that my poor loan officer is probably ready to jump out of a window, but he has done an amazing job to help cure my concerns and the team has tried hard to make the process as easy as possible for me.
I definitely require a lot of hand holding. In fact, I am ready to add Richard to my speed dial because I think he makes
As a first time home buyer I have been nervous, excited, anxious, overzealous, etc etc and have had a million ridiculous questions. I know that my poor loan officer is probably ready to jump out of a window, but he has done an amazing job to help cure my concerns and the team has tried hard to make the process as easy as possible for me.
I definitely require a lot of hand holding. In fact, I am ready to add Richard to my speed dial because I think he makes
