Kyle Wright – American Pacific Mortgage

20Jan 2026 by Kyle Wright No Comments

Can You Get a Mortgage with a Recent Job Change in Arizona?

Arizona Real Estate, Buying a home in Arizona, Homebuyers

Yes, you can get a mortgage with a recent job change in Arizona. While lenders prefer two years of employment history, a job change doesn’t automatically disqualify you. What matters most is whether you stayed in the same field, maintained or increased your income, and can properly document your employment. Some job changes strengthen your application, while others require waiting periods. Your Job Change Doesn’t Have to Delay Your Home Purchase You’ve just landed a great new job in Arizona, and you’re ready to buy your first home or upgrade to something better. Then doubt creeps in: “Will lenders reject me because I just changed jobs?” We hear this concern almost daily at our Chandler office. The good news? A job change doesn’t automatically disqualify you from getting a mortgage.…

07Jan 2026 by Kyle Wright No Comments

5 Things Arizona Homebuyers Should Know Before Getting Pre-Approved

Arizona Real Estate, Buying a home in Arizona

You’ve found the perfect home in Arizona. It has the upgraded kitchen, the backyard oasis, and it’s in your dream neighborhood. You submit an offer, feeling confident, only to lose out to another buyer who came in with a pre-approval letter. Getting pre-approved helps you understand exactly what you can afford and proves to sellers that you’re a serious buyer. Whether you’re a first-time buyer in Chandler or moving up to a larger home in Scottsdale, understanding the pre-approval process can save you time and stress—and give you the best chance of winning the bid on the home you want. Here are the five essential things every Arizona homebuyer should know before starting their pre-approval journey. 1. Pre-Approval and Pre-Qualification Aren’t the Same Many homebuyers use these terms interchangeably, but…

29Dec 2025 by Kyle Wright No Comments

How Do I Get Approved for a Mortgage if I’m Self-Employed in Arizona?

Buying a home in Arizona

You’ve built your own business and created the life you want. But now you’re ready to buy a home in Arizona, and you’re worried that being self-employed will hold you back. Maybe you’ve heard that getting a mortgage is harder when you don’t have a traditional W-2, or you’ve already been told by another lender that they can’t help you. Here’s the good news: Self-employed borrowers in Arizona have options when it comes to getting a home loan, and you can get approved for a mortgage without extra hassle. Here’s what you need to know to get approved for a mortgage as a self-employed borrower in Arizona. Why Do Self-Employed Borrowers Face Extra Scrutiny? Lenders look more closely at self-employed income. It’s not personal, and it doesn’t mean they doubt…

09Dec 2025 by Kyle Wright No Comments

Why a Pre-Approval Letter Matters in Arizona Real Estate

Arizona Real Estate, Buying a home in Arizona

Buying a home in Arizona is one of the most exciting steps you can take, whether you’re drawn to the mountain views in Scottsdale, the family neighborhoods of Gilbert and Mesa, or the desert charm of Tucson. But before you start touring homes or scrolling through listings, there’s one essential document that sets the stage for your success: your pre-approval letter. A pre-approval letter is your proof that you’re financially ready to buy and that a lender has reviewed your information. In Arizona real estate, where homes vary from new-build communities to luxury golf-course estates, this letter helps you focus your search and make confident offers. As an Arizona mortgage expert, I’ve seen how much smoother the process becomes once buyers get pre-approved. Here’s why your pre-approval letter matters and…

24Nov 2025 by Kyle Wright No Comments

Should You Wait for Rates to Drop Before Buying in Arizona?

Arizona Housing Market, Arizona Real Estate, Mortgage Rates

You’re staring at mortgage rates, wondering if you should wait for them to drop. Meanwhile, your rent keeps climbing, and you’re watching potential homes slip away. So you’re caught between two fears: locking in a rate that feels too high or waiting too long to buy. Here’s what makes this decision complicated: Interest rates are only one piece of the puzzle. You’re also weighing home prices, what you’re currently paying in rent, and how long you’re willing to put your life on hold. The truth is, there’s always a reason to wait, and there’s always a reason to buy now. Let’s break down what you’re really choosing between. The Hidden Cost of Waiting for Lower Rates Here’s what waiting actually costs you in Arizona’s market. If you’re paying $1,800 monthly…

06Nov 2025 by Kyle Wright No Comments

Buy a Home with a 1% Down Payment-Here’s How

Down Payment Assistance

If you’re lucky, you’re paying $1,800 a month in rent. That's $21,600 a year going to waste with nothing to show for it. Meanwhile, you've been trying to save for a down payment, but every time you get close, something comes up: car repairs, medical bills, or rent increases that eat into your savings. The traditional advice to "just save 20% down" feels impossible when that means scraping together $50,000 or more. What if you could become a homeowner with a 1% down payment and get help with the rest? American Pacific Mortgage's 1% Home program makes homeownership accessible with as little as 1% down plus a 2% lender grant, putting you in your own home with just 3% total down payment. The Reality of Today's Housing Market Homebuyers face…

27Oct 2025 by Kyle Wright No Comments

Is the USDA Home Money Program Your Ticket to Homeownership?

USDA Home Loans

The USDA Home Money program offers government-backed mortgages that help low- and moderate-income buyers purchase homes in eligible rural and suburban areas—often with zero down payment required. These loans are designed to promote homeownership in underserved communities, offering some of the most generous terms available. USDA Home Money Program at a Glance: What it is: Government-backed mortgages from the U.S. Department of Agriculture. Key Benefit: 100% financing (zero down payment) for qualified borrowers. Who Qualifies: Low- to moderate-income households (up to 115% of area median income). Where: Eligible rural and suburban areas, covering about 97% of U.S. land. Main Programs: Guaranteed loans, Direct loans, and Home Repair loans/grants. Many people mistakenly believe USDA loans are only for farmers or remote locations. In reality, many suburban areas—even on the outskirts of…

17Oct 2025 by Kyle Wright No Comments

Can a 203k Rehab Loan Unlock Investment Potential for You?

Arizona Real Estate, FHA Home Loans, Homebuyers

You're searching for a 203k loan for an investment property. Great! But before you get too excited, there are a few crucial details you'll want to understand. Can you use an FHA 203k loan for an investment property? For a pure investment property? No. FHA loans are specifically designed for primary residences, not properties you intend to rent out entirely. For a multi-unit property you live in? Yes, with conditions. You can use an FHA 203k loan to purchase and renovate a 2-4 unit property, provided you live in one of the units as your primary residence for at least 12 months. This strategy is known as "house hacking." You occupy one unit, and the rental income from the other units can help offset your mortgage payments. The owner-occupancy rule…

13Oct 2025 by Kyle Wright No Comments

The FHA Rate Hack: Strategies for a Lower Mortgage Payment

FHA Home Loans

Getting a lower interest rate on an FHA mortgage can save you tens of thousands of dollars over the life of your loan. Even a slight rate reduction makes a huge difference. For example, on a $200,000 home, a 1% difference in interest rate increases your monthly payment by nearly $100 and costs about $30,000 in additional interest over 30 years. Quick ways to get a lower FHA rate: Improve your credit score to 580+ for the best rates Increase your down payment beyond the 3.5% minimum Consider mortgage points to buy down your rate Choose a 15-year term for lower rates (but higher payments) Time your rate lock when Treasury yields are falling FHA loans are designed to help homebuyers with smaller down payments or lower credit scores access…

07Oct 2025 by Kyle Wright No Comments

Home Equity Loan vs. HELOC, Which One Is Right for You?

Home Equity

Wondering about the difference between a home equity loan vs. HELOC? They are both powerful ways to tap into your home's value. If you have home equity and need cash for a renovation, debt consolidation, or another major expense, a home equity loan or HELOC can provide the funds you need. Here is a quick look at a home equity loan vs. HELOC. Quick Answer: FeatureHome Equity LoanHELOCFundsLump sum at closingDraw as needed up to limitInterest RateFixedVariable (usually)PaymentsFixed monthly amountFluctuate based on balanceBest ForOne-time large expenseOngoing or uncertain costs A home equity loan is a second mortgage that gives you a lump sum upfront. You repay it with fixed monthly payments over a set term (5 to 30 years), offering a predictable payment schedule. A HELOC (Home Equity Line of…