Financing Options

Preferred Lenders

Securing your financing ahead of an offer, provides you leverage over other buyers interested in the same home. Getting prequalified provides you sound of mind and the best chance to secure your perfect home. At Phoenix Homes and Phoenix Homes Real Estate, we value the lenders we work with.   Securing the right loan is an important component when beginning your home search process. The companies listed below are companies we have worked with and recommend. The choice is yours!

NSB Mortgage
Noah Blechman

Bay Equity Home Loans

Bay Equity
Home Loans

Shane Hollenback
 Branch Manager


Changing Jobs
When you decide to move forward with qualifying for a home loan be sure, if at all possible, not to change jobs during the loan process unless your new position is the same line of work. If your line of work does change before or during your loan process this could significantly hinder your chances of securing a home loan. And if your job does change during your escrow, this could delay your closing as your lender will need to verify your new position.

Large Deposits, Money Transfers and Gifts
As you move through your loan process its good to just leave your money alone until your loan closes.  When you move your money from one account to another, or to a new bank, credit union, etc., it can delay verification from your lender.  Should you absolutely have to make a change, large deposit, etc., please make sure that you document as much as possible to support those transactions.

Paying Off Your Bills
As mentioned, your lender or loan officer, will advise you if any bills are necessary to be paid off, paid down, etc., Should you need to reduce your debt, it is being requested too ultimately provide you a better position to secure your loan.   In most cases, you should leave your money in your accounts and not pay off your bills until your loan closes.

Major Purchases
When you are trying to qualify for a home loan or have qualified for a home loan, making major purchases anytime before or during your loan could significantly impact your ability to qualify or jeopardize your current loan.  It is best to wait on those purchases until your qualified or your escrow closes.

Co-signing for Others  or Opening and or Closing Credit Accounts
Co-signing and or changing status of your credit card accounts is truly one of the worse things one can do when trying to qualify for a home loan.  If you have co-signed for someone, family or not, you will need to provide documentation to your lender that shows you do not make the payments to that debt.  It is very typical for a lender to request 3-12 months of canceled checks to prove this.


Here is a list of helpful tips to ensure an effortless loan process. These Do's’s and Don'ts will help avoid any delays with your loan approval;

  • Do continue making your mortgage or rent payments.
  • Do stay current on all existing accounts.
  • Do keep working at your current employer.
  • Do keep your same insurance company.
  • Do continue living at your current residence.
  • Do continue to use your credit as normal.
  • Do call us if you have any questions.
  • Don't make a major purchase (car, boat, jewelry, etc.).
  • Don't apply for new credit (even if you seem pre-approved).
  • Don't transfer any balances from one account to another.
  • Don't pay off charge offs without a discussion with us first.
  • Don't pay off collections without a discussion with us first.
  • Don't buy any furniture.
  • Don't close any credit card accounts.
  • Don't change bank accounts.
  • Don't max out or over-charge on your credit card accounts.
  • Don't consolidate your debt onto 1 or 2 credit cards.
  • Don't take out a new loan.
  • Don't start any home improvement projects.
  • Don't finance any elective medical procedure.
  • Don't open a new cellular phone account.
  • Don't join a new fitness club.
  • Don't pay off any loans or credit cards without discussing it with your loan officer.
Bryan Staley
The Phoenix Homes Team
10601 N Hayden Rd
Scottsdale, AZ 85260

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Bryan Staley - HomeSmart are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. June 13, 2021
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