Maricopa County Down Payment Reports

Maricopa County Down Payment Reports We are one of Arizona's premier resources for Arizona's down payment assistance programs! Canopy Mortgage / Ted Canto
NMLS #228393

With a distinguished career spanning 25 years in the mortgage industry, Ted Canto has established himself as a trusted Senior Loan Officer and Branch Manager. His dedication to helping families achieve their dream of homeownership is at the core of his professional mission. Ted began his career with a passion for finance and a commitment to providing exceptional customer service. Over the years, h

e has honed his expertise in mortgage lending, building a deep understanding of the complexities and nuances of the industry. His comprehensive knowledge allows him to guide clients through the mortgage process with ease, ensuring they find the best solutions tailored to their individual needs. Ted's career is further distinguished by his experience as a US Army veteran, where he developed strong leadership, discipline, and problem-solving skills that have been invaluable in his professional life. Following his service, Ted pursued a career in mortgage lending, applying the same dedication and integrity he demonstrated in the Army to his work helping families secure their homes. As a Senior Loan Officer, Ted has successfully managed numerous loan transactions, consistently delivering outstanding results. His proficiency in loan products, regulatory requirements, and market trends ensures that clients receive accurate and up-to-date information. This expertise, coupled with his strategic thinking and problem-solving skills, has earned him a reputation for excellence and reliability. In addition to his role as a Senior Loan Officer, Ted possesses experience at the underwriter level, which gives him a unique perspective on the entire loan process. This additional layer of expertise enables him to provide clients with deeper insights and more comprehensive support throughout their home buying journey. In his role as Branch Manager, Ted leads a team of dedicated professionals, fostering a culture of integrity, collaboration, and continuous improvement. He is committed to mentoring his team, sharing his extensive knowledge, and empowering them to achieve their professional goals. Under his leadership, the branch has flourished, consistently exceeding performance targets and customer satisfaction benchmarks. Ted's focus on helping families extends beyond providing mortgage solutions. He understands that purchasing a home is one of the most significant financial decisions a family can make. As such, he takes a holistic approach, considering each family's long-term financial goals and ensuring they are well-informed and confident in their decisions. His compassionate and personalized service has helped countless families secure homes where they can build lasting memories. Throughout his career, Ted has remained dedicated to professional development and industry involvement. He actively participates in industry conferences, workshops, and training sessions, staying abreast of the latest developments and innovations in mortgage lending. His commitment to excellence is reflected in the numerous accolades and recognitions he has received over the years. Ted Canto's 25-year tenure in the mortgage industry, combined with his experience as a US Army veteran and at the underwriter level, is a testament to his unwavering dedication to his clients, his team, and the community. His blend of expertise, leadership, and genuine care for families makes him a standout professional in the field of mortgage lending. Whether you are a first-time homebuyer or looking to refinance, Ted is the trusted partner you need to navigate the mortgage landscape with confidence and peace of mind.

Down Payment Assistance can help many different Arizona families from different economic backgrounds.  Below you find a ...
03/15/2019

Down Payment Assistance can help many different Arizona families from different economic backgrounds. Below you find a matrix on the income limits for each Arizona DPA Program.

Credit Challenges?Since the mortgage crisis, virtually all loans for people with bad credit have disappeared. However, t...
03/15/2019

Credit Challenges?

Since the mortgage crisis, virtually all loans for people with bad credit have disappeared. However, they are making a slow comeback. More and more, there are lenders that are willing to lower their credit score requirements as their underwriting guidelines focus on your ability to repay the loan. Currently, in Arizona you typically need a 620 minimum credit score to qualify for down payment assistance.

Your credit history is just one of eight factors that lenders focus on when deciding if it is likely that you will be able to pay your mortgage. These factors include:

➡️Current or reasonably expected income or assets
➡️Current employment status
➡️Monthly payment on the covered transaction
➡️Monthly payment on any simultaneous loan
➡️Monthly payment for mortgage-related obligations
➡️Current debt obligations
➡️Monthly debt-to-income ratio or residual income
➡️Credit history
➡️Don’t let credit challenges scare you away from trying to buy a home. Arizona lenders will work with you to help you qualify.

Call us today! You will be surprised to learn that you may be able to buy your own home!

If you are renting, have you considered what type of home you may be able to buy?   Buying a home is not a mystery as so...
03/15/2019

If you are renting, have you considered what type of home you may be able to buy?

Buying a home is not a mystery as some would think! Our programs are helping 100's of Maricopa County Families every month.

Call us today!

The Home in 5 Program The HI5, offers up to 4.5% of the loan amount towards your down payment in Maricopa County only. I...
03/15/2019

The Home in 5 Program

The HI5, offers up to 4.5% of the loan amount towards your down payment in Maricopa County only. Income limitations and debt ratio limitations apply. You do not need to be a First-Time Homebuyer but must meet minimum FICO score requirements and FHA guidelines. Maximum purchase price shall not exceed $300,000.

Home in 5 Advantage Loan PROGRAM DETAILS
The Industrial Development Authority of the Maricopa County and The Industrial Development Authority of the City of Phoenix, Arizona have joined together to help homebuyers obtain FHA, VA, or USDA-RD loan financing to purchase a home anywhere in Maricopa County, including the city of Phoenix. Through the Home in Five Advantage program, individuals or families who qualify would be able to obtain a 30-year fixed rate loan, with a non-repayable 5% down payment/closing cost assistance grant, with special incentives for qualified United States military personnel.

Financing for these loans is available on new or existing homes, condominiums, and townhouses on a first-come, first served basis.

A home creates an asset that provides the ability to create wealth, borrow and achieve self-reliance.  Plus, renters may...
03/15/2019

A home creates an asset that provides the ability to create wealth, borrow and achieve self-reliance. Plus, renters may actually realize monthly savings on buying vs. renting. Yet with increasing rents, stagnant wages and high levels of student loan debt, it can be VERY difficult for first-time or boomerang homebuyers to save enough money for a down payment.

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Gilbert, AZ
85295

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