How much do I need for a down payment?
It depends on the loan type and your financial profile. While 20% is traditional, many loan programs allow down payments as low as 3–5%, and some (like VA or USDA loans) may require no down payment at all.
About
Our Mission
At Gravity Home Loans, our mission is to make home financing feel personal, transparent, and empowering—rooted in nearly two decades of experience, a deep commitment to client education, and a genuine passion for helping people achieve their homeownership goals.
Meet Stephanie Reid
COMPANY NMLS 2732142 | AZ MB-2010292
With nearly two decades of experience in the mortgage industry, I founded my brokerage with one simple mission: to make home financing feel personal, transparent, and empowering.
I began my career in 2006 and have since helped hundreds of clients find the right mortgage solutions — whether they’re buying their first home, refinancing, or investing in their future. My approach is rooted in education, honesty, and advocacy. I believe that understanding your options is just as important as getting the best rate.
Beyond the numbers, I’m a wife to my wonderful husband Chris, a proud mom of four amazing kids, and a dog lover with two furry companions who keep life interesting. As a local business owner, I bring that same care and commitment to every client I work with.
When you work with me, you’re not just another loan file — you’re a valued client and partner in the process. Let’s make your homeownership goals a reality, together.
Ask Stephanie
What determines my mortgage interest rate?
Your rate is based on factors like your credit score, down payment amount, loan type, loan term, and current market rates. A better credit score usually means a lower interest rate.
What are closing costs and how much should I expect to pay?
Closing costs include lender fees, appraisal fees, title insurance, and other third-party expenses. These typically range from 2% to 5% of your loan amount. Your lender will provide a detailed estimate early in the process.
Should I choose a fixed-rate or adjustable-rate mortgage (ARM)?
A fixed-rate mortgage has the same interest rate for the life of the loan—ideal for stability and long-term planning. An ARM starts with a lower rate that adjusts over time, which may be better for short-term stays or if you expect your income to rise.
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Take the First Step Toward Your Dream Home
Start your journey to homeownership today—get pre-qualified with Gravity Home Loans and take the first step toward your dream home.