Do HOA dues affect mortgage approval in Arizona? Yes. At 7.42%, every $100 a month in HOA fees cuts your loan amount by about $14,400. See the math. Pillar Mortgage Group.
How much is PMI in Arizona? On a $475,000 loan it runs about $158 to $495 a month depending on credit, and it can come off at 80% loan-to-value. See the real numbers. Pillar Mortgage Group.
Conditional approval is not a final yes. Here are the conditions Arizona underwriters ask for, why each one exists, and how to clear them fast before your rate lock runs out. Pillar Mortgage Group.
Straight answers on buying, refinancing, and selling a home in Scottsdale, Phoenix, and across Arizona, from Blake Hermann, Director of Lending at Pillar Mortgage Group (NMLS #2271358).