There are several first time home buyer loan programs in Arizona that can lower your down payment and costs.
Most people don’t know a lot about home loans 🤔 There’s actually quite a few types of loans to fit each person. In this Video, we’ll talk about FHA, VA, Conventional and Jumbo loans💰What programs are available for First Time Homebuyers? How much money do I need to put down? NOT 20% down payment! 😱
Popular First Time Home Buyer Loan Programs
FHA loans allow 3.5% down with flexible credit guidelines. VA loans offer 0% down for eligible veterans and service members. Conventional loans can require as little as 3% down for qualified first-time buyers. Arizona buyers may also qualify for down payment assistance, such as the statewide HOME Plus program, depending on income and other rules.
Each program has trade-offs in mortgage insurance, rates and property requirements, so compare loan estimates from a trusted lender before you choose.
Once you are pre-approved, I help first-time buyers write winning offers without giving up protections. See my buyer resources.
