Kelly Broaddus | eXp Realty | 888.446.5602 | Contact Kelly
SOLD! Spacious Multi-Level Home in Bellemont, AZ – Backing onto Coconino National Forest with a Detached Hobby Room
4 Beds | 3 Baths | $689,000
Welcome to Your Dream Home at 4680 Alpine Dr, Bellemont, AZ – Where Adventure Meets Comfort!
Nestled just 12 miles west of Flagstaff, 4680 Alpine Dr in Bellemont offers the perfect balance between modern living and outdoor adventure. Whether you're a growing family, a retiree looking for tranquility, or an outdoor enthusiast craving endless exploration, this multi-level home is designed to fit your lifestyle.
Step inside to be greeted by spacious, light-filled interiors that feature sleek, modern finishes throughout. The thoughtfully designed layout offers ample space for everyday living and entertaining, with room for everyone to relax and unwind.
One of the standout features of this property is the expansive backyard, which backs directly onto the breathtaking Coconino National Forest. Imagine waking up to serene forest views, then stepping right out your door for a day of hiking, mountain biking, or simply enjoying nature. This is more than a home—it's a gateway to your own private adventure.
Looking for a space to make your own? The detached, air-conditioned hobby room offers endless possibilities. Whether you need a home gym, an office, or a creative studio, this bonus space gives you the flexibility to customize it to suit your needs.
Set in a vibrant, family-friendly neighborhood with a well-maintained and low-fee HOA, this home is perfect for those who value both community and convenience. You'll have easy access to all the outdoor recreation Northern Arizona has to offer, while still enjoying the comforts of modern living.
Don’t miss this rare opportunity to own a home that combines style, comfort, and the great outdoors. Whether you’re hosting a summer barbecue or enjoying a peaceful winter evening by the fire, this home invites you to experience the best of Arizona living year-round.
Why You’ll Love This Home:
Multi-level design with spacious, light-filled interiors
Expansive backyard that backs directly onto Coconino National Forest
Detached, air-conditioned hobby room—perfect for a gym, office, or studio
Located just 12 miles from Flagstaff in a vibrant, family-friendly neighborhood
Close to endless outdoor activities, including hiking, biking, and exploring nature
Ready to experience the best of Bellemont living? Schedule your private tour today and discover why this home is the perfect blend of adventure and comfort.
Follow Historic Tr 66 and I-40 W to Hughes Ave in Bellemont. Take exit 185. Take W Shadow Mountain Dr to Alpine Dr. Follow to end, home is on right
Dining Nearby
RoadHouse Bar & Grill is nearby and it's a great place with good food and you get to cook your food yourself. There also a lot of restaurants located in the Flagstaff area.
Schools
Manuel De Miguel Elementary School
Mount Elden Middle School
Flagstaff High School
Bellemont Neighborhood Information
Bellemont is an unincorporated community in Coconino county located northwest of Flagstaff along Interstate 40 and boasts of beautiful homes and townhomes.
Looking for affordable single-family homes in Bellemont? Schedule your appointment to view this home today! Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-446-5602 to see other houses for sale in Bellemont.
Discover the Westwood Estates community, where luxury meets nature.
A peaceful and luxurious lifestyle amidst nature. That’s what Westwood Estates can offer you. This exclusive and unique community has about two miles of roads around it with multi-million dollar homes around the neighborhood.
This community has its own charm, including miles of winding roads, spacious homes, and a 100-acre nature preserve that is part of the HOA. Only residents can access this part of the property, and you can walk as far as you want, even until Sedona. You can also use an ATV or engage in other outdoor activities.
"One of Westwood Estates' unique features is its proximity to Flagstaff Ranch."
Suppose you’re worried about the water supply because houses are nestled among the trees. In that case, they get water from Flagstaff Ranch Water, a private company with deep wells that serve Flagstaff, the Flagstaff Ranch community, and this community.
One of Westwood Estates' unique features is its proximity to Flagstaff Ranch. Residents can purchase a social or golf membership to Flagstaff Ranch, granting them access to its world-class facilities and amenities. This provides luxury and convenience for those who enjoy a high-quality lifestyle.
Imagine walking down the trails surrounded by nature. If this is what you are looking for, then Westwood Estates could be the perfect place. Let’s connect and discuss your real estate needs. You can call me at (982) 606-6749 or visit my website, northernarizonafinehomes.com.Together, we can find your dream home.
Listed by Stephen & Kelly Broaddus | eXp Realty | 888.446.5602 | Contact Kelly
Charming Ponderosa Trails Home: Versatile Living with a Guest Suite, Tranquil Backyard, and Modern Upgrades in Flagstaff, AZ
4 BD | 2 BA | $749,000
Discover Your Dream Home in Ponderosa Trails: Versatile Living, Modern Upgrades, and Ultimate Comfort!
Welcome to your new home in the highly sought-after Ponderosa Trails community of Flagstaff, AZ—a place where comfort meets versatility, and every detail is designed with your lifestyle in mind. This beautifully maintained property offers a unique living experience that blends charm, flexibility, and an array of thoughtful extras.
Flexible Living at Its Best
Step inside and be greeted by a home that’s not only cozy but also incredibly versatile. The standout feature? An attached guest suite that’s as flexible as your imagination. Whether you’re looking to generate rental income, provide a private space for extended family, or simply enjoy the luxury of a spacious master suite, this suite has you covered. With its own private entrance, kitchenette, bathroom, living room, and bedroom, plus a secluded patio, it’s perfect for guests or as a tranquil retreat within your own home. If desired, this space can easily be converted back into a fourth bedroom, seamlessly integrating into the main residence.
A Backyard Oasis
The backyard is your personal sanctuary. Bordered by serene green space, you’ll never have to worry about neighbors behind you, offering a sense of peace and privacy that’s hard to find. The outdoor space is ideal for both relaxation and entertaining, with a charming pergola, a greenhouse, and a shed that provide both functionality and aesthetic appeal.
A Chef’s Delight
The heart of the home, the kitchen, is nothing short of a chef’s dream. Boasting stylish concrete countertops and updated tiles, this kitchen is both beautiful and practical, ready to handle everything from weeknight dinners to holiday feasts.
Thoughtful Design Meets Cozy Comfort
Inside, you’ll find a layout that’s been designed with both form and function in mind. Vaulted ceilings, custom lighting, skylights, and a small gas stove fireplace create an inviting atmosphere that’s perfect for cozying up on a cool Flagstaff evening. The original floor plan, with its split design, places two bedrooms on one side of the home and the large primary suite with a home office on the other, separated by an open-concept living, dining, and kitchen area that’s perfect for family gatherings and entertaining.
A thoughtful 500 sq ft addition, completed in 2010, enhances the living space, offering even more room to relax, entertain, or simply enjoy life.
Convenience and Storage Galore
Storage is never an issue in this home. The easily accessible attic, with pull-down stairs located in the two-car garage, provides extra space for all your storage needs. And with a three-car-wide driveway, you’ll never have to worry about parking.
Location, Location, Location
Situated in a friendly and welcoming neighborhood, this home offers the best of both worlds—peaceful living with easy access to all that Flagstaff has to offer. Just a stone’s throw from Ponderosa Trails Park and close to the airport, with easy access to I-17, you’ll find convenience at every turn.
Your Next Chapter Awaits
Lovingly maintained by its original owner, this home is more than just a place to live—it’s a place to thrive. Whether you’re starting a new chapter, expanding your family, or simply looking for a home that adapts to your needs, this Ponderosa Trails gem is ready to welcome you.
Don’t miss your chance to make this charming and versatile property your own. Schedule a visit today and experience the comfort, convenience, and charm of Ponderosa Trails living!
Exit 339 from I-17 Northbound. Right on Lake Mary Road. Right on High Country. Left on Wild West Trail. Left on W. Gold Rush Trail.
Located close to the vast urban trail system, Ponderosa Trails in Flagstaff is perfect for folks that love being in the outdoors.
Ponderosa Trails is conveniently located near I-17, NAU and the Pulliam Airport. Most of the homes in Ponderosa Trails are Craftsman-style homes built by several different builders. Ponderosa Trails exhibits great pride of ownership with well-maintained homes and tasteful congruent landscaping.
It is just west of the Pine Canyon gated golf community.
Restaurants
There is one restaurant right in Ponderosa Trails—a place called Northern Arizona Fast Foods. There are quite a few more to the north across the interstate (maybe 5 minutes), including:
Ponderosa Trails in Flagstaff AZ. is one of the newer developments in Flagstaff. Being on the West side of town, it is perfect for families, affordable second homes, or a possible second home/student home being so close to NAU.
Did you know that Ponderosa Trails housing development was named after the Urban trail system? It is a long trail that winds its way through the southern part of flagstaff at the intersection of Lake Mary rd. and Beulah Blvd. to Pullam airport. For more information about this great trail that meanders through the housing development and many other trails, as well as cool facts about Ponderosa Trails
Kelly Broaddus | eXp Realty | 888.446.5602 | Contact Kelly
PRICE REDUCEDT! Rare 1.05-Acre Lot in Lakeside Acres, Flagstaff: Build Your Dream Home in Continental Country Club
$ 621,750
Discover Your Dream Setting in Flagstaff’s Lakeside Acres
If you’re searching for the perfect blend of privacy, nature, and convenience, look no further than this rare 1.05-acre gem in the sought-after Lakeside Acres community, nestled within Continental Country Club. Imagine your future home surrounded by the serene beauty of towering Ponderosa Pines, with the luxury of being in-town yet immersed in nature.
A Hidden Treasure in an Exclusive Neighborhood
This lot is more than just a piece of land—it’s an opportunity to create your dream home in one of Flagstaff’s most exclusive neighborhoods. Lakeside Acres is renowned for its high-end custom homes and the harmonious balance it offers between luxury and the great outdoors. With city utilities readily available and a paved street providing easy access, this property makes building your ideal home a breeze.
Nature and Convenience Right at Your Doorstep
The appeal doesn’t stop with the lot itself. Step outside and you’ll be greeted by stunning forest views, peaceful surroundings, and the inviting scent of pine trees. Whether you’re an outdoor enthusiast or simply love to take in the scenery, the nearby hiking and biking trails are calling your name.
Yet, despite its serene setting, this property offers exceptional convenience. You’re just minutes away from shopping, dining, NAU, and Flagstaff’s historic downtown. Enjoy the best of both worlds—peaceful forest living with all the amenities you could need right within reach.
A Once-in-a-Lifetime Opportunity
Properties like this don’t come around often. If you’ve been dreaming of building your forever home in a location that offers both exclusivity and convenience, now is your chance. Lakeside Acres provides the perfect canvas for your vision—don’t miss out on this incredible opportunity to make it a reality.
Looking for an unusual menu with a great range of flavors? Silver Pine Restaurant and Bar a great place for you. You must try pizza with soppresetta, pistachio and honey at the Fat Olives. If you're looking for crafted BBQ and Cajun cooking drop by at Satchmo’s, it's just a small detour from the main road.
Attractions & Recreation
North Pole Experience - Give the kids details about Santa and his workshop. Kids get to see Santa and help him makes toys.
Wheeler Park - A great place to stay cool under the trees and enjoy outdoor with family.
Walnut Canyon National Monument - Features prehistoric archaeological sites that are spectacularly located in cliffs and along the rim of Walnut Canyon.
Schools
Children in this community typically go to the following nearby schools:
Thomas M Knoles Elementary School PK-5
Mount Elden Middle School 6-8
Coconino High School 9-12
Lakeside Acres Neighborhood Information
Luxury, non-gated, acreage within city limits, horses allowed! The views are amazing. Surrounding Lake Elaine is the Lakeside Acres subdivision. All homes in this area are on an acre or more. Some homes offer stunning views of the lake as well as fantastic views of the San Francisco Peaks. Lakeside Acres homeowners enjoy all of the amenities of Continental Country Club.
Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see other houses for sale in Flagstaff.
Flagstaff AZ Real Estate Market Data Provided by The Broaddus Properties Group Brokered by eXp / by Joselyn Uy
Good News for Northern AZ Homebuyers: Increased Inventory and Dropping Rates!
Exciting news for Northern Arizona homebuyers: inventory levels are continuing to increase, currently at a 4.1-month supply. As I’ve noted before, higher interest rates often drive up inventory levels. Now that rates are declining, there could be even more opportunities for buyers. Read our latest update below to learn more!
FLAGSTAFF HOME SALES
U.S. existing-home sales increased by 1.3% in July, ending a four-month decline. Meanwhile, the Greater Flagstaff housing market saw a significant 32.8% jump in sales from the previous month, based on data from the Northern Arizona MLS. Despite this spike, only 158 homes were sold in July, marking one of the lowest July sales in a decade. In comparison, the highest number of homes sold in July over the past decade was 300 in 2020.
Flagstaff Home Sales by Type
"Despite the modest gain, home sales are still sluggish, but consumers are definitely seeing more choices, and affordability is improving due to lower interest rates."said National Association of Realtors Chief Economist Lawrence Yun.
In July 2024, the Broaddus Properties Group, under the brokerage of eXp, aided nine clients in selling and locating their desired homes in Flagstaff & Williams, with a combined value surpassing $6,600,000.
FLAGSTAFF MEDIAN HOME PRICE
"The median list-to-sales ratio for this area is 99.6%." The list-to-sales ratio is the percentage of the list price that the buyer paid for the property.
The median property price in Flagstaff rose 1.1% to $707,500.In comparison to the same month last year, this reflects a 1.5% rise from $697,000. The median sale price measures the'middle’ price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less . . . For example, if more lower-priced homes have sold recently, the median sale price would decline (because the “middle” home is now a lower-priced home), even if the value of each individual home is rising.
In July, homes took longer to sell, with the median time on the market increasing to 55 days. This represents a 7-day increase compared to the same period last year. However, the median time on the market remained the same as in June.
Total Home Sales: 158 homes, up 14.5% vs. July 2023.
Median Sale Price: $707,500, up 0.5% vs July 2023
Mortgage rates:According to Bankrate.com, the 30-year fixed-rate mortgage rate averaged 6.62 percent for the week of August 23. This is the lowest that 30-year mortgage rates have been since May 2023.
Longest days on market (SF):528 days This is a home in Johnson Ranch, boasting 4 beds, 3 baths 2400 sf built in 2023 by D&G Development
CDOM The acronym CDOM (Cumulative Days on Market) is used by the Flagstaff MLS to describe how many days a property has been available for sale. A property must be off the MLS for at least 90 days for the CDOM to restart, even if a different agent lists it. We report the average days on the market for properties sold based on CDOM.
The number of days a home sits on the market can tell us a lot about pricing. A high CDOM is commonly a strong indicator that the home is overpriced.
The Institute for Luxury Home Marketing has established the luxury benchmark price for single-family homes in Flagstaff at $975,000. The LUXURY BENCHMARK PRICE is the price point that marks the transition from traditional homes to luxury homes.
The Flagstaff single-family luxury market is a Seller's Market with an 24% Sales ratio.
Homes sold for a median of 100.00% of list price in July 2024.
The most active price band is $2,100,000-$2,299,999, where the sales ratio is 150%.
The median luxury sales price for single-family homes is $1,397,500.
The median days on market for July 2024 was 75 days, up from 42 in July 2023.
HIGHEST-PRICED HOMES SOLD IN FLAGSTAFF IN JULY 2024
Photo courtesy of RE/MAX Fine Properties
In July 2024, Flagstaff's most expensive single-family home sold was a stunning $3,725,000 five-bedroom luxury residence in Pine Canyon, set on a one-acre lot with breathtaking views of the 6th green. Check it out here
The highest-priced townhome sold in Flagstaff was an $800,000 three-bedroom in Pinnacle Pines, perfectly situated on an HOA greenbelt that leads directly to the National Forest. See the property here.
The highest-priced condominium sale in Flagstaff was a $1,468,000 three-bedroom main-level unit in Pine Canyon, featuring a spacious wrap-around patio with a built-in BBQ, perfect for a luxurious mountain escape in any season. View the condo here.
THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in JULY 2024
Photo courtesy of Coldwell Banker Northland
The lowest-priced single-family home sold in Flagstaff in July was a $165,000, 1955-built three-bedroom, one-bathroom house with 1,755 square feet of living space on a 0.16-acre lot. See the details here.
Flagstaff's most affordable townhome sale last month was a charming single-level, two-bedroom, one-bathroom unit sold for $385,000 in Continental Country Club, featuring vaulted ceilings, a cozy fireplace, and plenty of potential for updates to create your dream home near golf and club amenities. Check out the listing here.
The lowest-priced condominium sold in Flagstaff was a $265,000 one-bedroom, one-bathroom unit in the sought-after University Meadows neighborhood, offering upgraded features, a covered balcony, and prime proximity to NAU, restaurants, and shopping. View the listing here
Flagstaff Home Buyer Advice
Good news for homebuyers! Mortgage rates have recently dropped to their lowest in 2024 and may keep falling, possibly reaching the low 6s soon. If you've been waiting for rates to drop, now is a great time to act. Determine the rate that works for you—like 6.25%, 6.0%, or even 5.99%—and let a local real estate expert help you stay updated.
Flagstaff's housing market is also looking up, with listings up 39.5% from last year to 392 in July. This increase means more choices and better negotiation power for buyers.
Expert Projections
Experts expect mortgage rates to continue trending down if inflation and the economy stabilize. Rates may drop to the low 6s, with some experts revising forecasts to a year-end rate of 6.3%.
Know Your Target Rate
Decide the mortgage rate that feels right for you and connect with a local real estate professional. They'll keep you informed and ready to act when rates hit your target.
Bottom Line
If high rates have stalled your plans, think about your ideal rate and reach out to us. We’ll help you stay updated and ready to move when the time is right.
Reach out to our team today at 888.446.5602 to understand what current market conditions mean for your homebuying journey.
If you’d like to look at what’s available on the market, you can view the homes that are available in the Northern Arizona MLS right now:
Home Buying Tips Our home buyer's blog will help you plan and prepare for your successful home purchase and avoid headaches and surprises that may arise during the process.
Many Flagstaff and Northern AZ sellers are making a key mistake: overpricing their homes. This often leads to long market times and eventual price cuts. Here’s how to avoid this:
Know the Current Market: Don’t use past trends from the pandemic to price your home. The market has shifted, and your pricing should reflect today’s conditions. A local real estate agent can provide the latest market insights.
Price Based on Market Value: Set your price based on current market value, not on personal financial goals. An agent will conduct a comparative market analysis (CMA) to ensure your price aligns with similar properties in the area.
Avoid High Pricing for Negotiation: Pricing too high to allow for negotiation can deter buyers. Set a realistic price to attract more interest and competitive offers.
Bottom Line: Overpricing can lead to longer market times and price reductions. Partner with a local real estate expert to price your home correctly. Contact us today at 888.446.5602 to get started!
If you’re curious about what your home is worth in today’s market, click the image below, then enter your address to instantly calculate your home’s value in today’s market based on recent Flagstaff home sales
Home Selling Tips Our blog for Northern Arizona home sellers has tons of tips to help sell your home faster and add thousands of dollars to your bottom line. Check it out.
We at the Broaddus Properties Group with eXp Realty know that the only result that ultimately matters is that your home gets sold — and sold for the right amount. Satisfied clients say it all. Check out our 5 Star Reviews.
Got any questions about buying or selling in Flagstaff, or are you ready to kick off the process? Just give us a call or shoot us an email. We look forward to hearing from you! Feel free to reach out at 888.446.5602 or drop me a line at kelly.broaddus@exprealty.com. Cheers!
The report is a guide to the luxury real estate market in North America and Flagstaff. It provides an overall analysis with trends and highlights comparative data on the top-residential markets throughout Canada and the United States.
This month’s report displays the market statistics for North America month over month as well as the 13-month trend.
The North American luxury real estate market is evolving, with both challenges and opportunities for real estate professionals and affluent buyers.
The luxury market in 2024 has shown resilience, with strong demand for prime locations, unique features, and high-end amenities driving buyer decisions.
Market Analytics: Sales dipped in June but rebounded in July with significant gains – especially when compared to previous years.
Comparing January to July in 2023 against the same seven months in 2024 we see that single-family homes sales increased by 14.82% and attached homes by 11.35%.
New inventory plays a pivotal role in maintaining sales levels, even in typically slow periods.
The type of inventory also matters—affluent buyers are increasingly discerning, seeking homes that offer not just luxury but also exclusivity, sustainability, and innovative amenities.
Despite inventory fluctuations, luxury home prices have remained stable. Top 10% of the market saw a nearly 2% increase in median sold prices since January 2024.
The unexpected rise in inventory and sales in July signals strong confidence in the luxury market, however, if there are significant changes in either new inventory, prices or interest rates these could quickly shift the market.
Take a look at our latest local City Report:
NORTHERN AZ LUXURY HOMEOWNER ADVICE
For homeowners looking to sell or buy their luxury home in today’s market we recommend working with a realtor who can provide you with critical knowledge about your local market, maintain a high level of security during the transaction and knows how to leverage technology to provide maximum exposure and assistance.
GET IN TOUCH
It is my responsibility as your REALTOR to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the Flagstaff luxury market effectively to achieve your goals. Contact us at kelly.broaddus@exprealty.com or call 888.446.5602.
How we deal with commission negotiations in light of the NAR changes.
There’s a lot of confusion among agents about how to handle commissions with sellers in this market. Many agents want to disclose what commission their sellers have agreed to. This confusion extends to how to discuss commissions with buyer’s agents. Our brokerage taught us that it’s okay to share commission information if your seller wants you to. In the event that your seller doesn’t want you to share that information, we simply tell the buyer's agents that we are offering a commission.
Nevertheless, the final commission amount will depend on the offer and negotiations. But there are considerations. For example, my seller is willing to offer any commission as long as they get their desired net proceeds from the sale and receive the amount that they want. If that condition is met, my sellers are willing to pay a 3% commission.
But what if the buyer’s agent isn’t very experienced or has negotiated a lower commission for themselves, say 1%? Is it in my seller’s best interest to insist on a 3% commission even if they’re willing to do it? Is it really beneficial to set that expectation if the buyer’s agent might only ask for 1%, 1.5%, or 2% commission? I’m inclined to think not.
"The buyer’s agent needs to specify the amount of commission they want in the contract."
What we are doing now is asking our sellers if they want to negotiate the 3% commission that they’re willing to offer. However, if the seller explicitly states that they want us to tell all buyer’s agents that they are offering a 3% commission, then that’s what we are going to do. It’s really up to the seller what they want us to say, which is how it should always have been.
If the seller is paying commission for the buyer’s agent, the buyer’s agent needs to specify the amount of commission they want in the contract, which we weren’t able to do before. There might be other arrangements, like the buyer paying their agent directly. We can use the Seller Compensation form when submitting an offer to accommodate any arrangements.
I can talk more about this topic in detail in my next post to clear up any confusion. Buyers, sellers, and agents need to be patient and understanding of this new arrangement. If you have any questions, feel free to contact me at (928) 606-6749 or Kelly.Broaddus@EXPRealty.com. I’d be happy to talk with you.
With Flagstaff home prices and rates still relatively high, securing a mortgage can feel daunting––even to the most experienced borrowers. But don't let that deter you: If other homebuyers' experiences are any indication, odds are you'll eventually find a home loan that works well for you.
In fact, most U.S. homeowners say they're satisfied with the mortgage they received, according to a recent Bankrate survey. The vast majority of the surveyed homeowners (69%) said they'd buy their current home again if they had a do-over.1
The key to finding the right home loan for you is to look for one that you’ll feel comfortable with long after you've closed on your new property. In addition to comparing term lengths and mortgage rates, also consider how the loan will fit your daily life and preferences.
For example, we recommend asking yourself questions such as: Are you a natural risk taker, or do you prefer firm plans and predictability? Can you afford a bigger mortgage payment if interest rates increase, or are your anticipated home expenses already stretching your monthly budget?
To help you get started, we've rounded up four of the most important factors to consider when narrowing your list of potential mortgage options in Northern AZ.
1. Your Credit Score That three-digit number that credit scoring companies like VantageScore and FICO assign not only influences your interest rate, but it also helps determine the type of mortgage you can get.
To secure a conventional mortgage from a major bank or credit union, you'll typically need a FICO score of at least 620. But some mortgage types require even higher credit scores.2
For example, to qualify for a U.S. Department of Agriculture (USDA) loan to buy a qualifying rural property, you'll need a minimum FICO score of 640. Or, if you're seeking a supersized loan, such as a jumbo mortgage (which are home loans above $766,500 to $1,149,825, depending on where you buy the home), you may need a FICO score of at least 700 or more.2
You still have options, though, if your credit score is lower. You may be able to get a Federal Housing Administration (FHA) loan with a 580 credit score if you have enough cash saved for at least a 3.5% down payment. And if you have at least a 10% down payment, you may qualify even if your score is in the 500 to 579 range. Alternatively, if you're a military service member, veteran or spouse, you may be able to get a U.S. Department of Veterans Affairs (VA) loan with little or no money down with a credit score in the 580 to 620 range.2,3
Some regional banks and credit unions may also be more flexible than others with minimum required credit scores.4 But if you can afford to wait, you may be better off paying down your debt first so your score can improve. The interest you save with a more competitively priced loan could enable you to buy a more desirable home.
2. Your Income and Expenses The amount of money you make, as well as how much you owe, will also influence your mortgage options. Lenders like to see that you still have plenty of income left over after paying your expenses and generally prefer that you spend no more than 28% of your income on housing, or a maximum of 36% (which is the cap that federally-sponsored lenders Fannie Mae and Freddie Mac advise).5
A mortgage lender will also compare your expected income to the total amount of debt you'll carry once you've bought the home.6 This is called your debt-to-income (DTI) ratio, and lenders consider it a key indicator of whether you can afford a particular mortgage. In fact, research by NerdWallet found that a high DTI ratio is the most common reason mortgage applications get rejected.6
In addition to outstanding debts, lenders factor in other expenses unique to a home, such as property taxes, homeowners insurance, and homeowner association fees. Your approval odds will be higher if you have a DTI ratio below 36%.7 But if you have great credit and ample cash, you may still be able to get a conventional loan with a DTI ratio in the 45% to 50% range.8 If not, you will likely need to look to other “non-conforming” loan types, such as government-backed mortgages.
With a FHA loan, for example, you may be able to get away with a DTI ratio of 43% to 57%, depending on your credit history and savings. Similarly, if you qualify for a VA loan, you may be able to get one with a DTI ratio of 41% or more. USDA loans, on the other hand, are a bit stricter. To get approved, your DTI ratio can't be higher than 41% and your income must be below a certain threshold for your family type.6
3. Your Expected Down Payment The size of your down payment will also impact the type of mortgage you can get. You don't have to put down 20% to qualify for a conventional mortgage, but you will need a significant amount. According to the National Association of Realtors, the median down payment amount in 2023 was 14%. For younger buyers under the age of 33, it was 8%.9
In some cases, a larger down payment may also help you qualify for loans you might not otherwise. For example, it can be tough to get a mortgage when you're self-employed. But some conventional lenders may be willing to work with you if you put down more than 20%.10
If your cash reserves are slim, then you may want to consider an FHA loan instead, which only requires 3.5% down.11 Or, if you qualify for a USDA or VA loan, you may be able to skip the down payment altogether and buy your home with no money down except for a small funding fee.11
Keep in mind, though, that a smaller down payment will likely mean a larger monthly payment. Plus, you'll not only pay more interest overall and be responsible for a larger principal, you'll also need to take out mortgage insurance. Conventional loans require private mortgage insurance (PMI) if your down payment is below 20%, while FHA loans always require insurance.12
How much you spend on mortgage insurance will also vary, depending on the size and type of loan you choose, as well as your credit score and other factors. For example, FHA mortgage insurance premiums (MIPs) are generally more expensive than PMI and also require an upfront payment at closing on top of annual premiums.12 Insurance for adjustable rate mortgages (ARMs) also tends to be on the higher side.13
4. Your Lifestyle and Risk Tolerance
In addition to your budget, one of the most important factors to consider when comparing mortgage options is your temperament.
For most Americans, a mortgage is a decades-long commitment. So it's important to find one you can happily live with—and comfortably repay—for the long haul.
Most fixed rate mortgages, for example, are designed to last anywhere from 15 years to three decades or more, with 30-year mortgages being the most popular option.14 When you spread out your repayment over such a long period, monthly payment amounts are smaller, so you can slowly chip away at your debt at a leisurely pace. The catch is you also pay more in interest.
With a shorter mortgage term, by contrast, you pay less overall. But your monthly payment amount will also be much higher.15 For some homeowners, the long-term savings are worth it. But if keeping up with your mortgage requires significant lifestyle adjustments, then you may come to regret it.
Another way to lower your monthly payment in the short term is to choose an adjustable-rate mortgage (ARM) that offers a low fixed APR for a lengthy period (typically five, seven or 10 years) before changing to a variable rate.16 This can be an especially useful loan type if you only plan to stay in the home for a relatively short period. But buyer beware: ARMs can be risky if you don't plan ahead for a higher interest rate.17
BOTTOMLINE
Regardless of the loan you choose, it pays to shop around and carefully compare terms. According to research by LendingTree, most homebuyers risk leaving money on the table by sticking with the first lender that they meet.18
Fortunately, we have a vetted list of mortgage professionals in Flagstaff and Northern Arizona who can explain your options, answer your questions, and help you find the best loan to meet your needs. We can also develop a custom plan for securing a great home that fits your budget. Reach out at 888.446.5602 or email kelly.broaddus@exprealty.com when you're ready to get started.
The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.
Kelly Broaddus | eXp Realty | 888.446.5602 | Contact Kelly
SOLD! Modern 2021 Home on Spacious .54-Acre Lot in Flagstaff, AZ: Luxury Living with No HOA Restrictions
3 Beds | 2 Baths | $ 665,000
Your Dream Home: Modern Living in Flagstaff, AZ
Welcome to this stunning 2021-built home nestled on a spacious .54-acre lot, free from HOA restrictions. This contemporary masterpiece boasts a great room floor plan with granite countertops, a gas stove, a double kitchen sink, and a center island featuring breakfast bar seating—perfect for casual dining or entertaining guests.
Inside, you’ll find a range of modern amenities designed for your convenience, including a central vacuum system, a water softener, and a reverse osmosis system. The master suite is a true retreat, offering a large walk-in closet and a private bathroom with a picture window that frames breathtaking views of Mingus Mountain.
The exterior of this home is just as impressive. The front yard is designed for easy maintenance with a drip system, while the side yard and entrance to the upper 12x20 shed provide ample space for RV parking, complete with RV double drive-through fencing. The current owners have recently landscaped the backyard, adding fences, retaining walls, and a 900 sq ft workshop equipped with 30 amp breakers, exterior water access to the new garage, gravel, a gazebo, and a hot tub.
One of the standout features of this property is the front rock landscaping, thoughtfully designed to effectively drain monsoon rain runoff into the city culvert. This attention to detail ensures that the property remains beautiful and functional, no matter the weather.
Don't miss out on this exceptional property that combines modern amenities with thoughtful design. It's more than a house; it's a lifestyle. Contact us today to schedule a viewing and take the first step toward making this dream home your own!
Why This Home Stands Out:
Modern Build: Constructed in 2021 with contemporary design and high-end finishes.
Spacious Lot: Enjoy .54 acres of land with no HOA restrictions.
Gourmet Kitchen: Features granite countertops, a gas stove, a double sink, and a breakfast bar.
Master Suite Retreat: Includes a large walk-in closet and a bathroom with stunning mountain views.
Cottonwood is located in the 'heart' of Arizona, the Verde Valley a community with easily accessible restaurants, hotels, shopping and a charming historic old town, complete with tall sidewalks and buildings with false fronts that accommodate the old West character. Surrounded by the red rocks of Sedona to the northeast and Mingus Mountain to the southwest, its low elevation of 3,300’ and moderate climate are enjoyed year-round.
Landmarks & Attractions
Clemenceau Heritage Museum - The history of Cottonwood and the other local communities in the Verde Valley is impressively revealed in this Museum. It includes the periods when copper mining was a major activity.
Tuzigoot National Monument - It is an ancient village of the Sinagua Culture which dates from around the 11th century. There were around 110 rooms in Tuzigoot in buildings, usually either two or three storeys high. At its peak, it is thought that around 230 people would have lived here. Close by, there are burial sites and over 400 sets of human remains were found during initial excavations.
Mingus Mountain - Is a great place for those looking to enjoy outdoor activities, including simply walking and enjoying the fresh air.
Restaurants
Nearby restaurants include Pizzeria Bocce, trendy restaurant with delicious food and even more delicious cocktails. Italian fare in a modern space with ample patio seating & a lively bar. Randall's Restaurant offers the best breakfast and lunch in Cottonwood dishing burgers, sandwiches, eggs & other American comfort bites. Another authentic and welcoming place to dine is at Adriana's Mexican Food.
Do you have a home in Cottonwood that you are thinking of selling? Check out how much a buyer would offer for your home with our Instant Home Value Tool. Please contact Kelly at (888) 446-5602 for an experienced buyer and seller representation for all Cottonwood, Flagstaff, and nearby area properties.
Kelly Broaddus | eXp Realty | 888.446.5602 | Contact Kelly
SOLD! Exclusive Townhome in Flagstaff: Remodeled Gem with Continental Country Club Membership
3 Beds | 2.5 Baths | $ 699,950
Discover Your Dream Townhome in Flagstaff!
Welcome to your next home sweet home! Nestled in an exclusive townhome development with just 8 units, this hidden gem offers a perfect blend of tranquility and modern living. If you're looking for a spacious, recently remodeled townhome with all the bells and whistles, look no further.
Why You'll Love It Here
Location, Location, Location! Situated in a highly desirable and secluded spot, this townhome provides a serene escape from the hustle and bustle. Picture yourself relaxing on a large deck that overlooks a canopy of tall trees on HOA-owned land—it's your private oasis right at home.
Modern Upgrades Galore Step inside and be greeted by a spacious floor plan that's been thoughtfully updated. The recent remodel includes brand new appliances, stylish flooring, and sleek updated windows downstairs. Every detail has been carefully curated to offer you the utmost comfort and style.
Exclusive Amenities Living here comes with perks! As a resident, you'll enjoy membership to the prestigious Continental Country Club. Dive into the pool on a hot summer day, challenge your friends to a match on the tennis courts, or perfect your swing on the golf course. It's all part of the lifestyle that awaits you.
Don't Miss Out!
This townhome is more than just a place to live—it's a lifestyle upgrade. Whether you love to entertain or simply want a peaceful retreat, this home has it all. With only 8 units in this exclusive development, opportunities like this are rare.
Ready to make this dream home yours? Contact us today to schedule a tour and see for yourself why this townhome is the perfect place to call home.
Don't let this opportunity slip away—your perfect home in Flagstaff is waiting for you!
Take Route 66 to Country Club Dr, follow Country Club Dr for 2.3 miles, and turn right on Chipmunk Court. Home is in the cul-de-sac
Amusement & Recreation
Lowell Observatory- Astronomical observatory where the planet Pluto was discovered. Great place to go if you want to enhance your knowledge about astronomy, time with the stars on the horizon explained, and a chance to look through the giant telescope.
Thorpe Park Center- Great place for the whole family including the furry ones. There are plenty of activities for the kids, playground area, picnic tables, lots of grass areas, sports fields, a dog park, adequate parking.
Dining Nearby
Nearby restaurants include Nomads Global Lounge, if you are looking for an unusual menu with a great range of flavors this is a great place for you. You can also drop by at Tinderbox Kitchen and enjoy the good food and Flagstaff's authentic vibe. Satchmo’s is also a great place for dinner with a group. If you're looking for crafted BBQ and Cajun cooking it's just a small detour from the main road.
Nearby Schools
Thomas M Knoles Elementary School
Mount Elden Middle School
Coconino High School
Coconino Country Club Neighborhood Information
Visit the Coconino Country Club community page for more information about this southeast city Flagstaff community.
Contact Kelly Broaddus at kelly.broaddus@exprealty.com or call 888-4465602 to see other houses and condos for sale in Flagstaff.
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