Oro Valley, AZ has some great homes for sale! Desert Sky is a semi-custom subdivision in Oro Valley, a Northwest suburb of Tucson.  Oro Valley is an easy 25 minute drive from downtown Tucson and The University of Arizona.

Desert Sky is a small, gated subdivision in an excellent location just a block or so off of Oracle Road and just south of the El Conquistador Resort. This location gives Desert Sky Homes easy access to everything in Oro valley.  Resorts, dining, entertainment, shopping, hiking, biking, horseback riding, parks, places of worship and an excellent school district make Oro Valley living wonderful.  This small semi-custom subdivision sits near the base of Pusch Ridge, and many of the homes for sale in Desert Sky have excellent views of the Catalina Mountains and Pusch Ridge. Desert Sky homes are all of a Spanish Contemporary style.

The homes currently available in this particular subdivsion are between $250,00 and $350,000.  With 20% down, an approximate mortgage payment would be around $1100.00 per month!  Here’s what you need to know about home loans taken from C.F.P.B.’s Home Loan Toolkit:

• Define What Affordable Means To You. Estimate your monthly mortgage payment and the percentage of your monthly income that would be devoted to that payment.  Add your other monthly financial obligations to your estimated mortgage payment and find what percentage of your monthly income that is.
• Understand Your Credit
• Pick the Mortgage Type – Fixed or Adjustable – that works for you.  Adjustable Mortgages have lower interest rates and may be right for someone who intends to stay in that particular property for the particular length of the adjustable mortgage (that way you won’t face the uncertainty of an adjustment).  Check for risky loan features.
• Choose the Right Down Payment for You
• Understand the Trade-Off Between Points and Interest Rate
• Shop With Several Lenders.  I’d be happy to refer you to trusted lenders I’ve worked with.  We take a team approach geared towards client satisfaction.
• Shop for Mortgage Closing Services / Title Services.  Again, I’d be glad to refer trusted Title Agencies that I’ve worked with as a team to provide incredible customer service.
• Review Your Revised Loan Estimate
• Understand and Use Your Closing Disclosure. It sums up the terms of your loan and what you pay at closing.