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FHA Home Loans in Phoenix

Buy a home in Metro Phoenix, even without perfect credit or a large down payment. FHA government‑insured financing offers flexible qualification, and I’ll guide you through each step to the right home.

 
 
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FHA at a Glance

comicbook Low down payment

FHA loans let you buy a home with just 3.5% down (credit score 580+).

  • Even with less‑than‑perfect credit, you can qualify
  • Combine with gift funds or assistance programs to reduce upfront costs

Flex-2

FHA loans make homeownership possible even if your credit isn’t perfect:.

  • Qualify with scores as low as 580 (3.5% down)
  • Scores 500–579 may still work with 10% down

comicbook Competitive Rates

FHA loans often feature lower interest rates compared to many conventional programs.

  • Government-backed security helps lenders offer attractive pricing

Flex-1

FHA loans are for homes you’ll live in as your main address

Eligible: single-family, townhome, FHA-approved condo, or 1–4-unitunit property (you occupy one unit)

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Phoenix‑Area 2025 FHA Loan Limits (Maricopa & Pinal)

Units
1‑Unit
2‑Unit
3‑Unit
4‑Unit
2025 FHA Loan Limit
$546,250
$699,300
$845,300
$1,050,500
comicbook Dollar Signs

What FHA Really Costs (and how to plan for it)

Mortgage Insurance (MIP)

  • Upfront MIP (UFMIP): 1.75% of the base loan amount (typically financed into the loan).
  • Annual MIP: usually ~0.55% of the loan balance each year (varies 0.15–0.75% by loan size, term, and LTV), paid monthly.

Tip: If you put 10% down, annual MIP can be removed after 11 years; otherwise it typically remains for the life of the loan unless you refinance later.

Estimate your payment (principal & interest + taxes + insurance + MIP) with our Mortgage Calculator and compare scenarios.

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How We’ll Get You Home (Step‑By‑Step)

1) 10‑Minute Discovery & Soft Pull
We’ll match you with a dedicated Premier Partner who will help you clarify your budget, timeline, and target neighborhoods, then walk through your credit profile and homeownership goals—using no‑impact scenarios where available.

2) FHA Pre‑Approval
Your lender will organize your income, assets, and credit for a streamlined, rapid pre‑approval—immediately strengthening your offer and positioning you to compete with confidence.

3) Shop Confidently
We’ll connect you with a local FHA‑savvy real estate expert to tour homes that already align with FHA property standards (including approved condos and 1–4 unit properties), while proactively flagging any issues that could jeopardize the appraisal—well before you write an offer.

4) Offer Strategy
Our partners are expert negotiators who will help you secure and strategically use seller concessions (up to 6%) for rate‑buydown options—reducing your cash‑to‑close and/or lowering your monthly payment.

5) Smooth Closing
Your lending and agent partners will coordinate your FHA appraisal, finalize underwriting, and manage inspections, title work, and funding—so everything stays on track and you receive your keys on time.

 

Your pre-approval checklist

1 Government ID & Social Security numbe
2 Last 30 days of pay stubs; 2 years W‑2s (or full 1040s for self‑employed)
3 2 months of bank statements (all pages)
4 Proof of down payment funds & any gift letters (with donor bank documentation)
5 Current mortgage statements (if applicable), HOA docs for condos/townhomes

Lower Your Upfront Cost with Arizona Assistance

HOME+PLUS (Statewide) —up to 4% forgivable assistance toward your down payment and closing costs; compatible with FHA, VA, USDA, and conventional loans; subject to income limits and completion of a homebuyer education course.

Home in Five Advantage (Maricopa County) — receive up to 4% in assistance (plus an additional 1% for eligible military buyers) with a minimum 640 credit score and completion of the required homebuyer education course.

Combine eligible assistance programs with seller concessions and allowable gift funds to further reduce your cash needed at closing.

Explore AZ Grants & Programs

Frequently Asked Questions

What’s the minimum down payment?

3.5% if your FICO ≥ 580; 10% if 500–579.

Can I buy a duplex or triplex?

Yes—up to 4 units as long as you live in one unit as your primary residence.

 

Are condos eligible?

Yes, if the condo project is FHA‑approved or qualifies for spot approval and meets owner‑occupancy and financial standards.

 

How much can a seller pay toward my costs?

Up to 6% of the purchase price for allowable closing costs/prepaids/points—not the down payment.

 

What’s the FHA loan limit around Phoenix?

For 2025, it’s $546,250 for a 1‑unit home (higher for 2–4 units) across Maricopa & Pinal counties.

What is MIP and how long do I pay it?

You’ll pay 1.75% upfront and an annual premium (often ~0.55%) monthly; with 10% down MIP can end after 11 years.

Can I use gift funds?

Yes—proper documentation is required (gift letter and donor verification).

Ready to Take the Next Step?

Lock in your rate today and move confidently toward owning your home. Our streamlined process keeps every step fast, secure, and as stress‑free as possible.

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