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Edwards Financial Services is an approved mortgage broker with many leading lenders in the industry.  We provide a variety of loan programs to meet the diverse needs of our clients. For simplicity, we've listed here only the most common loan programs:
 
30 Yr. Fixed Rate Loans
15 Yr. Fixed Rate Loans
Adjustable Rate Mortgages (ARM)
Reverse Mortgage
Commercial Loans
First Time Home Buyer's Assistance
VA Loans
FHA Loans
USDA Rural Housing Program

Rates last updated on Wednesday, July 11, 2018

30 Yr. Fixed Rate Loans

Fixed Rate Mortgages are still at historic lows.  Here is an example of a "no points" rate offered by at least 1 of our many lenders.

Term: 30 years   Maximum Amount: $417,000
RatesAPRPoints
4.625%4.795%0%
 

NOTE:  These rates are subject to change at any time.  They also assume no more than a 80% Loan to Value (LTV) and depend upon qualifying credit and required financial documentation.


15 Yr. Fixed Rate Loans
Term: 15 years   Maximum Amount: $417,000
RatesAPRPoints
4.375%4.669%0%
 

NOTE:  These rates are subject to change at any time.  They also assume no more than a 80% Loan to Value (LTV) and depend upon qualifying credit and required financial documentation.


Adjustable Rate Mortgages (ARM)

Until recently we advised against considering ARMs but with the recent reductions in rates ARMS are once again very attractively priced. For those of you planning to sell once the market improves rates are incredibly low and fixed for reasonable times frames. We are quoting an ARM fixed for 5 years and then adjusting annually for this program but fixed periods of 3, 7, and 10 years are also compeditively priced and lower than current 30 year fixed rates.

Term: 30 years  
RatesAPRPoints
4.5%4.034%0%

Reverse Mortgage

A reverse mortgage can be a very useful tool for a homeowner over the age of 62 with significant equity in their home. Current market conditions make selling a home unrealistic but the need to access equity for living expenses or emergency needs still exists. This program requires special counseling prior to the issuance of a loan so if you feel this program is an answer to your need or would simply like some additional information please give us a call at 520-498-9992 or send us an e mail.


Commercial Loans

The commercial mortgage market not only has not suffered from many of the problems facing the home mortgage market but it's the place where many banks and lenders are turning for secure investment of their lending dollars. Programs that were only occasionally available for select customers are readily available today. Commercial property second mortgages, limited documention loans, and funds for lower credit scored borrowers are readily available. Financing for purchase transactions as high as 90% of the sales price is easily obtained and refinances will allow cash out from 70% to 80% of property value. Although Edwards Financial is licensed to originate residential loans in only a few states we can assist you with your commercial financing needs throughout the country. As always we are ready to answer your questions and provide options to aid in your commercial financing needs.


First Time Home Buyer's Assistance

In today's market there are many tools available to the first time buyer to help with downpayment and closing costs. Bond programs, grants, and low interest rate loans are just a few of the many tools that can make buying a home easier and affordable. If you are interested in finding out what options are available to you please give us a call and we'll happily assist you and we can refer you to the proper agencies that have grant and downpayment assistance funds available now.


VA Loans

As a veteran and the father of a Marine veteran I consider doing loans for our veterans an honor and an opportunity to repay them for the service they have given to our country. We will do everything within our power to assit the veterans in obtaining the best financing available for their homes.

Term: 30 years  
RatesAPRPoints
4.25%4.416%0%

FHA Loans

Good news!!! After wending our way throught the paperwork mill we are now approved to originate FHA.  The FHA mortgage insurance fees have recently changed with less required up front but more required on a monthly basis so if you would like to know how these new rules affect your qualification please give the office a call at 520-498-9992.

 

Term: 30 years  
RatesAPRPoints
4.125%4.29%0%
 

FHA loans require a 3.5% downpayment which can be gifted to the borrower. Nonoccupant cosigners are acceptable under this program and the seller can cocer the cost of all closing expenses insuring an option for buying a home with a minimum down payment.


USDA Rural Housing Program

If you are considering purchasing a home outside of one of our metropolitan areas the Rural Housing program guaranteed by the USDA may work for you. There are geographic limits as well as income limits and we can advise you about your ability to qualify under this program.

Term: 30 years  
RatesAPRPoints
4.25%4.416%0%



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $200,000 with closing costs of $3,892. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.