2026 loan limits in Arizona
Conforming (Fannie / Freddie)
$806,500 (baseline, most Arizona counties)
FHA loan limit
$524,225 (baseline counties)
up to $530,150 (Coconino / Flagstaff area) in high-cost counties
What homes actually cost
Median home price: ≈ $445,000 statewide (higher in Maricopa metro)
Roughly 32% of Arizona households can afford the state median home at current rates. FHA and Conv 97 remain the most-used programs for first-time buyers.
Property taxes & insurance
Average effective property tax rate: ≈ 0.62% of assessed value — one of the 10 lowest in the U.S.
Arizona uses a Limited Property Value (LPV) system that caps annual assessment growth at 5%, keeping property taxes predictable year over year.
Average homeowners insurance: ≈ $1,450/year for a $400K home
Wildfire-adjacent properties (Flagstaff, Prescott, some Tucson foothills) can see meaningfully higher premiums — always quote insurance before writing an offer.
Down-payment assistance in Arizona
Arizona Home Plus (Arizona IDA)
Who: First-time and repeat buyers under program income limits
What: Down-payment assistance up to 5% of the loan amount, forgivable after 3 years.
Home in Five Advantage (Maricopa County)
Who: Buyers in Maricopa County under income caps
What: Up to 5% DPA plus an extra 1% for teachers, first responders, and veterans.
Pima Tucson Homebuyers Solution
Who: Buyers in Pima County
What: Up to 5% forgivable down-payment / closing-cost assistance.
Is buying in Arizona right for you?
Closing customs in Arizona
Buyers typically pay their own closing costs; sellers often cover the owner's title policy. Closings are handled by escrow / title companies (not attorneys).
Frequently asked questions
What credit score do I need to buy a home in Arizona?
580+ for FHA with 3.5% down (500–579 with 10% down), 620+ for Conventional. Most Arizona DPA programs require 640+.
How much down payment do I need in Arizona?
As little as 0% with VA or USDA, 3.5% with FHA, or 3% with Conv 97. Arizona Home Plus can cover most or all of that down payment for eligible buyers.
What are 2026 loan limits in Arizona?
The conforming limit is $806,500 in most counties; FHA is $524,225 in baseline counties and $530,150 in Coconino County.
Related tools & guides
- The Complete First-Time Homebuyer's Readiness Guide
- FHA vs Conventional: Real cost comparison
- How much home you can actually afford
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