V.I.P. Mortgage, Inc.
V.I.P. Mortgage, Inc. is a mortgage lender listed on ClozeEZ's Arizona pro directory: Scottsdale-founded lender since 2006, veteran-founded · purchase, refinance and DPA programs · NMLS #145502.
About V.I.P. Mortgage, Inc.
Founded in Scottsdale in 2006 by Marine veteran Jay Barbour, V.I.P. Mortgage started with two loan officers and now lends in 47-plus states. It offers purchase loans, refinancing and down payment assistance programs, NMLS #145502.
What a mortgage lender does in an Arizona sale
A mortgage lender finances the home purchase: banks, credit unions, independent mortgage companies, and brokers who shop multiple lenders on your behalf. The lender verifies your income, assets, and credit, orders the appraisal, and funds the loan at closing.
The document that matters before all that is the pre-approval letter: the lender's written statement, after actually verifying your finances, of how much it will lend you. In Arizona, offers customarily attach a standard pre-qualification form, so serious buyers get this done before they tour homes.
What to ask V.I.P. Mortgage, Inc. before you hire
- An actual pre-APPROVAL (finances verified), not just a pre-qualification estimate
- A Loan Estimate you can compare line by line against other lenders
- Local Arizona closing experience and realistic timelines they commit to in writing
- Availability: a lender who answers evenings and weekends during escrow
- NMLS license number displayed, which you can verify at nmlsconsumeraccess.org
- Straight answers on rate versus points, not payment-only sales talk
What mortgage lenders typically cost in Arizona
Lenders make money on the loan, so paying one is folded into your closing costs: origination or lender fees often run several hundred to a couple thousand dollars, plus third-party costs like the appraisal and credit report. Rate and fees trade off against each other, which is why the Loan Estimate exists: get one from two or three lenders within a few days and compare the same loan, same day.
Pre-approval itself is free. Any lender who wants a fee just to tell you what you qualify for is telling you something about the rest of the relationship.
Full explainer, with who needs one and who might not: Mortgage Lenders on ClozeEZ.