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Mortgage options made for you

Your homebuying journey is about you. The way you finance it should be too.

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Compare rates on home loans

15-year fixed as low as¹
30-year fixed as low as¹
5/6 ARM as low as¹
Jumbo 30-year fixed as low as¹
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Love your home and your mortgage

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Closing cost credit
Get up to $5,000 closing cost credit when you participate in the Real Estate Broker Program.²
Competitive rates
As a credit union, we’re proud to offer you great rates and flexible loan terms.
Local loan servicing
Enjoy in-house underwriting and processing, quick closing timelines and attentive service for the life of your loan.³
Closing guarantee
If your closing is delayed, we’ll pay you $100 per delayed day.⁴
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Online prequalification
Get prequalified in minutes so you can move forward with your homebuying journey.

Compare mortgage options

 Conventional fixed-rateJumboAdjustable rate (ARM)
Recommended forBuyers who prefer the stability of a fixed monthly payment and plan to stay in their homes long-term.Buyers looking for a loan that exceeds the borrowing limits set by the Federal Housing Finance Agency.Buyers who expect to sell the property after a relatively short amount of time and would like to take advantage of lower rates during the initial period.
Down paymentTypically a minimum of 3-5%; less than 20% will add private mortgage insurance (PMI) costs to your monthly payments.More likely to require a larger percentage – usually 10-20%; less than 20% will add private mortgage insurance (PMI) costs to your monthly payments.Typically a minimum of 3-5%; less than 20% will add private mortgage insurance (PMI) costs to your monthly payments.
Interest rateCould be more competitive than jumbo loans due to lower risk.Typically available with a fixed or adjustable rate; potentially higher rates due to increased risk.Typically has a lower introductory rate for a fixed period, then adjusts on a regular basis.
Term options15 or 30 years.15 or 30 years.

5/6: Fixed interest for 5 years, then adjusts every 6 months

7/6: Fixed interest for 7 years, then adjusts every 6 months.

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Buying your first home?

Get a no down payment mortgage with the First-Time Homebuyer Program!⁵

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What homebuyers are saying

"Omar and Rebecca were very professional and timely in their communications with me. More importantly, they were genuinely nice people. I bank with Desert Financial because they treat me well."
Timothy P.

Apply for your mortgage in 4 easy steps

Start your application online, at a branch or by calling (602) 433-4663.
Choose your loan type.
Provide the requested documents.
Finalize your application!
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Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. The payment does not include amounts for taxes and insurance, and the actual payment will be greater.

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FAQs about mortgages

What’s the down payment required to buy a home?

In most cases, lenders will offer low down payment options with as little as 3% to 5% down for conventional financing and 3.5% down for FHA loans. Some lenders, such as Desert Financial, even offer first-time homebuyer programs that don’t require a down payment.5

Who pays the real estate agent fees when buying a home?

Generally, the seller pays the commission earned by the buyer’s agent. Therefore, if you’re the homebuyer, you typically don’t pay for your agent’s commission.

What’s the difference between a conforming conventional loan and a jumbo loan?

While the processes for conforming conventional and jumbo loans are quite similar, there are typically stricter guidelines for jumbo loans because of their high amounts. Those guidelines might relate to loan-to-value, cash reserves, credit score requirements and more. It’s also important to note that not all lenders can offer jumbo loans. Credit unions are known for having great jumbo options. 

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Annual Percentage Rate (APR) shown effective {current-date} and is subject to change without notice. Visit our rates page for additional rate information and details. Mortgage loans are offered by Define Mortgage Solutions, LLC, NMLS ID #1761612, BK#0949053, a subsidiary of Desert Financial Credit Union.


Real Estate Broker Program: Members participating in this program will be matched with a participating real estate broker (“Participating Broker”) who will assist in the homebuying experience and will provide the applicable credit toward closing costs. Participating Broker shall provide a credit of 25% of the buyer’s agent commission toward the closing costs, up to a maximum of seven thousand five hundred dollars ($7,500) to be provided regardless of the lender utilized, and a credit of 25% toward the listing agent commission expense, up to a maximum of seven thousand five hundred dollars ($7,500), if the Participating Broker lists an applicable property with a real estate agent from the list of preferred providers. The Participating Broker will confirm each applicable credit is applied by the title company. These credits are applied as a discount from the commission payable to the broker. Use of a Participating Broker is completely voluntary and members financing the purchase of a home with Desert Financial Credit Union (“Desert Financial”) are under no obligation to participate in this Program. Desert Financial does not receive any benefit, monetary or otherwise, from the Participating Broker under this Program. Participating brokers are non-affiliated third parties of Desert Financial, and Desert Financial makes no warranties or representations about the services provided by participating brokers.


Desert Financial does not service FHA, VA or USDA loans.


Closing Guarantee Program: Eligible borrowers financing the purchase of a new home with Desert Financial Credit Union will receive monetary compensation of $100 per day, up to a maximum of $500, when the scheduled closing date is not met. Eligible borrowers who are members of Desert Financial will receive program credit by means of a credit to their Desert Financial Membership Savings account, all others will receive credit in the form of a check, post-closing.  

Eligibility: Borrowers must provide all requested supporting documentation needed to make a loan decision and signed disclosures prior to purchase contract acceptance; and must provide a fully executed purchase contract including all pages, addendums and required signatures to be eligible for the Closing Guarantee. The Closing Guarantee does not apply in any of the following circumstances: (1) Home refinance loans; (2) Buyer or seller initiated changes to the original closing date documented in the purchase contract agreement; (3) Delays caused by third party service providers other than those required by Desert Financial Credit Union; (4) Buyer or seller failure to meet contract terms and requirements, including seller-related delays; (5) FHA, VA, or USDA loans, or any loan relying on a down-payment assistance program; and (6) Loans for properties outside of Maricopa or Pinal Counties. Desert Financial reserves the right to amend or terminate the Closing Guarantee Program at any time without prior notice.  


Must be a first-time homebuyer (not having owned a primary residence in the last three years) with a minimum credit score of 680 to be eligible. Property must be located in Arizona. Jumbo loans and loans with non-occupant co-borrowers are ineligible. Additional restrictions and eligibility requirements apply.

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