First-Time Home Buyer Arizona 2026
Your complete guide to buying your first home in Arizona. 2+ down payment assistance programs, FHA loans from 5.98%, and step-by-step guidance.
What First-Time Buyer Programs Are Available in Arizona?
Arizona offers 2 major first-time home buyer assistance programs. These include Home Plus AZ, Pathway to Purchase. Programs provide up to 5% of loan amount in down payment assistance through grants, forgivable loans, and below-market interest rates.
How Much Do I Need to Buy in Arizona?
You can buy a home in Arizona with as little as $0 down. VA and USDA loans require zero down payment. FHA loans need just 3.5% ($$13,825), and conventional loans start at 3% ($$11,850) on the median price of $395,000.
| Loan Type | Down Payment | $ Amount | Monthly P&I | Min Credit |
|---|---|---|---|---|
| VA Loan | 0% | $0 | $2,350 | 620 |
| USDA Loan | 0% | $0 | $2,414 | 640 |
| Conventional 3% | 3% | $11,850 | $2,342 | 620 |
| FHA Loan | 3.5% | $13,825 | $2,280 | 580 |
| Conventional 20% | 20% | $79,000 | $1,931 | 620 |
Arizona Down Payment Assistance Programs
Home Plus AZ
Up to 5% DPA as forgivable second mortgage
Pathway to Purchase
DPA for specific areas and income levels
5 Steps to Buy Your First Home in Arizona
To buy your first home in Arizona, start by checking your credit score, getting pre-approved, and researching DPA programs. The entire process typically takes 30-60 days from pre-approval to closing. Here's your step-by-step roadmap.
Check Your Credit & Finances
Review your credit score (aim for 620+), calculate your debt-to-income ratio, and save for closing costs. In Arizona, you may need as little as $13,825 for an FHA down payment.
Get Pre-Approved
Compare rates from at least 3 lenders. Current Arizona rates: 6.18% (30-year), 5.98% (FHA). Pre-approval shows sellers you're serious and locks your rate.
Apply for Arizona DPA Programs
Arizona has 2+ DPA programs. The Home Plus AZ offers up to 5% of loan amount. Apply early—funding can be limited.
House Hunt & Make an Offer
Popular cities in Arizona: Phoenix, Tucson, Mesa, Scottsdale, Chandler. Median price is $395,000 (+5.1% YoY). Work with a local real estate agent who knows the market.
Close on Your New Home
Closing costs in Arizona typically run 2-5% of the purchase price ($11,850-$19,750). Some DPA programs also cover closing costs.
Start Your Arizona Home Buying Journey
Get pre-approved in minutes and see what you qualify for.
Get Pre-Approved NowArizona First-Time Buyer FAQ
What first-time home buyer programs are available in Arizona?
Arizona offers 2 major programs: Home Plus AZ, Pathway to Purchase. These provide grants, forgivable loans, and below-market rates for down payment and closing cost assistance.
How much down payment do I need in Arizona?
As little as $0 (VA/USDA), $$11,850 (3% conventional), or $$13,825 (3.5% FHA) on the median price of $395,000.
What income do I need to buy in Arizona?
Using the 28% rule, you'd need approximately $$97,733/year. The median household income in Arizona is $65,913.
What is the FHA loan limit in Arizona?
The 2026 FHA loan limit in Arizona is $472,030. The conforming loan limit is $766,550.