We choose the best mortgage product for your needs and have a large selection that we work with to ensure you get the best rate.
Conventional
- Not guaranteed or insured by the federal government
- Typically require larger down payments as low as 3%.
- Term is usually 15, 20, or 30 years and can be customized to fit your needs.
- Conforms to the loan limits of Freddie Mac and Fannie Mae
- Available at fixed or adjustable rates
- Some cases require private mortgage insurance
High-balance Conforming
- Better rates, easier guidelines and faster turn times than Jumbo
- Purchases up to 90% LTV; refinances up to 80% LTV
- Min 680 FICO; Max 43% DTI
- Loan amounts from $453,101–$679,650
- No manual underwrite — just run through DU, receive an Approve/Ineligible response.
- Eligible for primary and second homes
- Mortgage Insurance Buyout is typically cheaper than LPMI with no M.I. certificate needed
Conforming in all material respects except for loan amount in certain markets.
VA
- Guaranteed by the US Department of Veteran Affairs for active military and veterans
- Requires a funding fee of 2.15% to 3.3%, which can be rolled into overall loan
FHA
- Guaranteed by the Federal Housing Administration
- Offers low down payments: 3.5% for a credit score of 560+
- Can finance up to 97.5% of total house cost—or more to cover the cost of repairs
- Upfront mortgage insurance and annual mortgage insurance are required (financed into the loan)
- No minimum credit score
Jumbo
- Exceeds conforming loan limits for purchasing a high-priced or luxury home
- Requires a down payment of 15–30%
- Term is usually 15, 20, or 30 years
- Minimum credit score is 740
Reverse
- Must be aged 62 or older
- Insured by Federal Housing Administration to enable homeowners to convert home equity into cash with no monthly mortgage payments
- Purchase or refinance
- Payments can be received as:
- Line of credit
- Lump sum
- Tenure
- Term
USDA
- Guaranteed by the US Department of Agriculture for buyers of rural properties of less than 35,000 population
- No down payment required
- Standard term is 33 years and may extend to 38 for very low-income applicants
- Private mortgage insurance not required
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Resources
Find out more information on our Resources page. And when you’re ready to begin, call us at 602-889-0632.
FAQs
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We look forward to working with you to find the best mortgage solution. Contact us to get started.
Copperstate Lending
The best rates.
The best service.
The best mortgage experience.
Kyle Christian Corporation dba Copperstate Lending | NMLS # 182876 | Arizona Mortgage Broker license MB – 0906660