Avondale- Goodyear- Litchfield Park- Surprise Arizona Home Loan

Finance Information

How much home can you afford? Use our finance center to learn about your loan options below. There are several loan programs available, and depending on your credit history, there is bound to be one that is perfect for you. Here are a few examples of the most popular programs offered today:

Questions and Answers 

What is a 30 Fixed Rate Mortgage? 

The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

What is a 2/1 Buy Down Mortgage? 

The 2/1 Buy-Down Mortgage allows the borrower to qualify at below market rates so they can borrow more. The initial starting interest rate increases by 1% at the end of the first year and adjusts again by another 1% at the end of the second year. It then remains at a fixed interest rate for the remainder of the loan term. Borrowers often refinance at the end of the second year to obtain the best long-term rates. However, keeping the loan in place even for three full years or more will keep their average interest rate in line with the original market conditions.

What is an Affordability Analysis? 

An analysis of a buyers ability to afford the purchase of a home. Reviews income, liabilities, and available funds, and considers the type of mortgage you plan to use, the area where you want to purchase a home, and the closing costs that are likely.

What is an APR (Annual Percentage Rate)? 

The cost of credit, expressed as a yearly rate including interest, mortgage insurance, and loan origination fees. This allows the buyer to compare loans, however APR should not be confused with the actual note rate.

AmeriFirst Financial, Inc - Established 1989, Arizona

A vision of growth that changed our company.  It all started back in 2001 when the father and son team of Ken and Eric Bowlby acquired controlling interest of AmeriFirst Financial, Inc. and brought with them a vision of change to mortgage lending that would grow an Arizona company funding from $20 million a month to over $150 million monthly in 2013.  Last year we set a new company record funding a total loan volume of $1.2 billion. In 2013 we anticipate a 67% growth rate compared to last year’s record with a total loan volume of $2 billion. Since acquiring controlling ownership of AmeriFirst Financial Inc., the Bowlbys have expanded operations beyond Arizona. AmeriFirst Financial Inc. now has operating branches in many states throughout the West. Over the last twelve years, the Bowlbys have led the company to record success with passionate execution of a clear vision of family values, as well as becoming a recognized lender at providing tools that champion success for the real estate industry. The  Bowlbys created a culture centered around family values, uniting our employees in common beliefs, goals, ideas, and the commitment to provide the best service in the mortgage lending industry. Over time they have created a work environment enriched with cultural diversity, teamwork,  encouragement and support. These are the values that all AmeriFirst employees live by.

Guiding Principles:

  • Provide exceptional communication
  • Transparency throughout the loan process
  • Building relationships

... With 27 Loan Programs, ONE is bound to fit with your finances to purchase a new home today. 


Contact Information

Photo of The Kothe Team Real Estate
The Kothe Team
Essential Properties, Inc
1616 N Litchfield Rd #240
Goodyear AZ 85395
Office: 602-717-0604
Cell: 602-717-4792
Fax: (866) 602-5803