Priority market · Arizona
Mortgage Broker in Tempe, Arizona
Jim Lyddon helps Tempe buyers navigate a compact, largely built-out market where condominiums, older single-family homes and investment property are all common, and where property type often drives which financing structures are available.
The Tempe housing environment
Tempe has limited land remaining, so most transactions involve existing inventory: mid-century single-family homes, infill townhomes and a substantial condominium stock. Condominium project eligibility is a recurring topic here, because a building's occupancy mix and financial condition affect which loans can be used on it. Investment-property purchases are also common given the rental demand around the university and employment corridors.
Common property types
- Mid-century single-family homes
- Condominiums and mixed-use residential units
- Infill townhomes
- Small rental property
Financing scenarios Jim sees in Tempe
- Condo purchase requiring project review
- Investment property purchase with rental income considered
- Refinance of an older home after renovation
- First purchase in a compact, higher-density market
Relevant mortgage programs
Conventional Loans
A conventional loan is a mortgage that is not insured by a government agency and instead follows guidelines set by Fannie Mae or Freddie Mac.
Purchase Loans
A purchase loan is the financing used to buy a home.
Cash-Out Refinancing
A cash-out refinance replaces your current mortgage with a larger one and returns the difference to you at closing, using the equity in your home.
Fixed-Rate Mortgages
A fixed-rate mortgage keeps the same interest rate and the same principal-and-interest payment for the entire loan term.
First-time buyers in Tempe
A first purchase in Tempe is easier when the monthly number comes first. Jim reviews the payment you are comfortable carrying — including property taxes and any association dues — and works backward to a price range, then issues a written pre-approval you can attach to an offer. Read the first-time homebuyer guide for the full sequence.
Investor financing
Investment property financing in Tempe is available through conventional structures, where occupancy affects pricing, down payment and reserves. Dedicated investor products such as DSCR financing are not advertised on this site until Jim confirms availability.
Tempe communities
- Downtown Tempe
- Warner Ranch
- The Lakes
- Maple-Ash
A Tempe payment estimate
Monthly Mortgage Payment Calculator
Estimate principal, interest, taxes, insurance, HOA dues and mortgage insurance separately.
$100,000 down
Verify the actual parcel rate
Applied when down payment is under 20%
Estimated monthly payment
$2,928
Loan amount $400,000 · Down payment $100,000
Calculator results are estimates provided for educational purposes only. They are not an offer to lend, a rate quote, a pre-approval, a Loan Estimate or a commitment to lend. Actual payments, costs and terms depend on your complete application, credit review, property details and current market conditions.
Want Jim to review these numbers with you?
Tempe mortgage questions
- Why does condo financing get complicated in Tempe?
- Because the loan depends on the project as well as the borrower. Investor concentration, association budget reserves, insurance coverage and litigation status can all restrict which programs a building is eligible for. Checking early prevents a late denial.
- Can projected rent help me qualify for a Tempe rental property?
- In some programs, documented market rent can be considered, subject to specific rules and offsets. The treatment differs meaningfully between programs, so it should be confirmed for your scenario rather than assumed.
- How do I get pre-approved for a mortgage in Tempe?
- Start with a conversation. Jim reviews your income, assets, credit and timeline, then issues a written pre-approval you can attach to an offer on a Tempe home. Most of the work is gathering documents, and Jim provides a checklist so nothing stalls later.
- Does working with a broker change anything for a Tempe purchase?
- A broker submits your file to a range of wholesale lenders instead of a single institution. For a Tempe borrower, that usually means more than one structure to compare — different terms, mortgage insurance treatment and cost structures — rather than one take-it-or-leave-it option.
- How long does closing typically take in Tempe?
- Timelines are driven by the purchase contract, the appraisal schedule and how quickly documentation is returned. Jim sets an expected timeline at the start and tells you promptly if anything changes.
- Can Jim help if my income is not a simple W-2?
- Yes. Self-employment, commission, bonus, rental and retirement income are all documented differently. Jim reviews the income structure before you shop so there are no surprises during underwriting on a Tempe contract.
- Are HOA dues included in my Tempe mortgage payment?
- HOA dues are usually paid directly to the association rather than through your escrow account, but they still affect qualifying. The calculators on this site let you enter HOA dues separately so the total monthly picture is accurate.
- What if the appraisal comes in below the contract price?
- There are several paths — renegotiation, bringing additional funds, restructuring the loan or in some cases requesting a review. Jim will lay out the options and the numbers for each before you decide.
No market statistics are published on this page. When local market data is added, it will be cited to a named, verifiable source with the date of the data.
The information on this website is provided for general education only and does not constitute financial, tax or legal advice. Loan programs, guidelines and availability are subject to change and to borrower and property qualification.
JHL Mortgage, Inc. is an Equal Housing Opportunity lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
Start With a Conversation, Not an Application.
Tell Jim what you are trying to accomplish. He will help you understand the numbers, compare your options and determine the right next step.