Luis Lopez
Loan Originator | NMLS# 935995 | Barrett Financial Group NMLS# 181106 | Licensed by AZ DIFI
(520) 971-0603
Discover your Buying Power before talking to a bank.
This calculator is for educational and informational purposes only and does not constitute a mortgage offer, pre-qualification, pre-approval, or commitment to lend. All results are estimates based on user-provided inputs and current market rate averages. Rates are not guaranteed and may change at any time without notice. Actual loan amounts, rates, payments, and terms are subject to credit approval and are determined by the lender based on a complete loan application, verification of income and assets, a satisfactory appraisal, title search, and other underwriting criteria. Displayed APR includes estimated discount points amortized over the full loan term. This tool does not collect, store, or transmit your personal information without your explicit consent. Luis Lopez, NMLS# 935995, Barrett Financial Group, NMLS# 181106. Licensed to originate in AZ. Equal Housing Opportunity.
With a score below 580, most lenders — including FHA — won't approve a mortgage today. But with the right steps, most buyers can qualify within 6–12 months.
Once you hit 580, FHA opens with 3.5% down. Hit 620+ and conventional options unlock with better rates.
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Results are illustrative estimates only — not a loan commitment, pre-approval, or pre-qualification. Monthly payment shown includes estimated principal & interest, mortgage insurance (if applicable), property taxes, and homeowners insurance. HOA dues, if any, are entered by you and not verified. Rates shown are based on current market averages and are not guaranteed; actual rates and terms are subject to credit approval, income verification, appraisal, and other underwriting conditions. APR calculations include estimated finance charges amortized over 30 years. VA funding fee rates per VA Circular 26-23-30. FHA MIP rates per HUD Mortgagee Letter 2023-05. This tool does not guarantee eligibility for any loan program. Luis Lopez, NMLS# 935995 · Barrett Financial Group, NMLS# 181106 · Licensed in AZ. Equal Housing Opportunity. To verify licensing, visit nmlsconsumeraccess.org.
Important Regulatory Disclosures
Educational Purpose Only (Reg Z — Truth in Lending Act, 12 CFR §1026.24): The calculations and information provided by this tool are for educational and illustrative purposes only and do not constitute an advertisement, solicitation, offer, or commitment to lend. Results are hypothetical estimates based solely on user-provided inputs.
Annual Percentage Rate (APR): APR figures are estimates calculated using standardized assumptions. Actual APR will be determined by your specific loan amount, fees, credit profile, property, and occupancy type, and will be disclosed in your official Loan Estimate (LE) as required by RESPA and TILA.
Interest Rates & Terms: Rates displayed reflect general market estimates and are subject to change without notice. Rate availability depends on creditworthiness, loan-to-value ratio, property type, and other underwriting factors. Not all programs are available to all borrowers.
Credit Information (FCRA): Credit score ranges entered are used solely for illustrative rate-tier estimates. No credit report has been accessed. Formal rate quotes require a credit inquiry which may affect your score. You have the right to obtain your credit report annually at AnnualCreditReport.com.
Mortgage Insurance: PMI, FHA MIP, and VA Funding Fee estimates shown are based on industry averages and may vary by insurer and borrower profile. PMI is typically required on conventional loans with less than 20% down payment and will increase your monthly payment and APR.
Property Taxes & Insurance: Estimates are approximations based on Arizona averages. Actual amounts vary by property location, assessed value, and insurance provider.
Not a Loan Application: Use of this calculator does not constitute a loan application. No credit decision has been made. All loans are subject to satisfactory appraisal, title review, income verification, credit approval, and underwriting conditions per applicable federal and state law.
Barrett Financial Group | NMLS #181106 | Luis Lopez | NMLS #935995 | Licensed by the Arizona Department of Insurance & Financial Institutions (DIFI) | Privacy Policy | NMLS Consumer Access