Home Loans in Arizona

Key Takeaways

What is the current mortgage rate in Arizona?

The current mortgage rate in Arizona changes daily based on market trends, loan type, and borrower credit. As of 2025, Arizona rates for FHA, VA, USDA, and conventional loans are close to national averages, with jumbo loans slightly higher.

How can I get the best mortgage rate in AZ?

To get the best mortgage rate in Arizona, improve your credit score, lower debt-to-income ratio, make a larger down payment, and compare offers from multiple Arizona mortgage lenders, including banks, credit unions, and brokers.

What are the Types of Loans We Offer?

At Truss Financial Group, we offer the full range of mortgage solutions for Arizona borrowers. Our programs include conventional, FHA, VA, USDA, jumbo, non-QM, renovation, and reverse mortgages. Whether you’re a first-time buyer in Phoenix, a veteran in Tucson, an investor in Scottsdale, or a retiree in Prescott, our team matches you with the right loan at competitive rates.

What are the Areas We Serve in Arizona?

We provide mortgage lending services across Arizona, covering both major metro areas and rural communities. Our team assists homebuyers in Phoenix, Scottsdale, Tucson, Mesa, Chandler, Gilbert, Glendale, Flagstaff, and Prescott, as well as USDA-eligible rural counties throughout Arizona.

Whether you’re purchasing a starter home in the Valley, a luxury property in Scottsdale, or a rural home with USDA Home Loan Arizona eligibility, Truss Financial Group has loan options to fit your needs.

How Do Arizona Home Loans Work?

Arizona home loans follow the same steps as most U.S. mortgages: application, pre-approval, appraisal, underwriting, rate lock, and closing.

However, Arizona buyers should also budget for closing costs of 2%–5%, potential HOA fees common in Phoenix and Scottsdale, and higher home insurance premiums in wildfire-prone or flood-prone areas.

USDA-eligible buyers in rural Arizona can qualify for 0% down, while FHA and VA programs make homeownership accessible for first-time buyers and veterans.

How Do I Qualify for a Home Loan in Arizona?

To qualify for a home loan in Arizona, borrowers generally need a credit score of at least 620 for conventional mortgages, a 580 score for FHA with 3.5% down, or 0% down options through VA and USDA loans.

Lenders also review your debt-to-income ratio (DTI), usually capped at 43%, along with income documentation such as W-2s, tax returns, or bank statements for self-employed buyers.

Programs like the Arizona HOME Plus down payment assistance can help first-time buyers meet these requirements with reduced upfront costs.

Our Arizona Mortgage Programs

Homebuyers in Arizona have access to a wide range of mortgage options designed to fit different budgets, property types, and borrower profiles.

At Truss Financial Group, we work with leading Arizona mortgage lenders to secure competitive rates and flexible terms.

Whether you’re purchasing a home in Phoenix, refinancing in Tucson, or investing in Scottsdale, these are the most popular programs available:

• Conventional Loans – Standard financing for borrowers with strong credit and stable income. With as little as 3% down, conventional mortgages are a good fit for buyers who meet standard Arizona home loan requirements.
• FHA Loans – Popular with first-time buyers in Phoenix, Mesa, and Tucson, FHA loans allow for credit scores as low as 580 with 3.5% down, or 500 with 10% down. These are especially useful for buyers with limited savings.
• VA Loans – Designed for veterans, service members, and eligible spouses in Arizona, VA loans require 0% down payment and no PMI. Many buyers near Luke Air Force Base and military communities across the state take advantage of this program.
• USDA Home Loans in Arizona – Perfect for rural and suburban areas, USDA loans provide 100% financing with no down payment required. Borrowers must meet income and USDA loan requirements in Arizona, and the property must be located in an eligible area.

  Buyers can confirm eligibility using the USDA home loan map Arizona, which highlights approved rural counties such as Pinal, Cochise, and Yavapai.

• Jumbo Loans – Required for homes above the conforming loan limit (around $766,550 in 2025). Jumbo loans are common in Scottsdale, Paradise Valley, and Flagstaff, where high-value properties exceed standard loan caps.
• Non-QM Loans – Flexible programs for self-employed borrowers, investors, or those who don’t qualify under traditional guidelines.

  Options include bank statement loans, DSCR loans (based on rental income), and asset-based loans. These are increasingly popular among Arizona entrepreneurs and real estate investors.

• Renovation Loans – FHA 203(k) and Fannie Mae Homestyle loans allow buyers to finance both the purchase price and renovations in one mortgage. This program is ideal for Arizona’s older homes that may need upgrades.
• Reverse Mortgages – For Arizona homeowners aged 62 and older, reverse mortgages provide a way to tap into home equity without monthly mortgage payments.

  Popular with retirees in Phoenix, Tucson, and rural communities, this program supports aging in place.

Buying a House in Arizona

Buying a home in Arizona means balancing affordability with location.

As of 2025, the median home price in Arizona is around $430,000, with higher values in Scottsdale, Flagstaff, and Paradise Valley, and lower prices in Tucson and rural counties.

Property taxes in Arizona average ~0.6% of assessed value, which is lower than the national average, but buyers should also budget for closing costs of 2%–5% and potential HOA fees, which are common in Phoenix-area communities.

Whether you’re purchasing a condo in Phoenix, a single-family home in Mesa, or a USDA-eligible property in rural Arizona, Truss Financial Group can help match you with the right mortgage program.

What Credit Score Is Needed to Buy a House in Arizona?

The minimum credit score to buy a house in Arizona depends on the loan type:

• Conventional loans: 620 or higher.
• FHA loans: 580 with 3.5% down, or 500 with 10% down.
• VA loans: Flexible, with many Arizona mortgage lenders accepting 580–620+.
• USDA loans: Typically 640 preferred, though some lenders approve 580+.

Borrowers with higher scores often secure lower interest rates, while those with limited credit can benefit from FHA, VA, or USDA programs.

What Is the Minimum Down Payment for a House in Arizona?

The minimum down payment for a house in Arizona varies by program:

• VA loans: 0% down for eligible veterans and service members.
• USDA loans: 0% down for homes in eligible rural areas.
• FHA loans: 3.5% down with a 580+ score (10% down if 500–579).
• Conventional loans: As little as 3% down for first-time buyers.

A 20% down payment avoids PMI and can lower monthly payments, which is common for jumbo loans in Scottsdale and Phoenix’s luxury markets.

What Is the Average Mortgage Payment in Arizona?

In 2025, the average mortgage payment in Arizona is between $1,800 and $2,200 per month on a median-priced home, assuming a standard 30-year fixed mortgage. Payments vary by loan type, down payment, credit score, and interest rate.

Borrowers purchasing in Scottsdale or Flagstaff will likely face higher monthly payments due to elevated home prices, while buyers in Tucson or rural USDA-eligible counties may see more affordable payments.

How to Apply for an Arizona Home Loan

Applying for a mortgage in Arizona starts with pre-approval? Borrowers should gather income documentation, credit history, and asset records to submit to a lender.

A pre-approval letter from Truss Financial Group shows sellers you are a qualified buyer, gives you a clear budget, and speeds up the closing process. Whether you’re seeking FHA financing in Phoenix, a VA loan in Tucson, or a USDA home loan in rural Arizona, our team helps you find the best program and secure a competitive interest rate.

Compliance & Licensing

Truss Financial Group, LLC is licensed to originate mortgages in Arizona.

• Arizona Mortgage Broker License: #1041062
  
• NMLS ID: #2006915
  

We follow all state and federal lending regulations, ensuring your Arizona home loan is handled with trust and transparency.

Frequently Asked Questions

What kind of loan should I get as a first-time home buyer in Arizona?

First-time home buyers in Arizona often choose FHA loans for low down payments, VA loans for 0% down if eligible, or USDA loans in rural areas. Some also use Arizona down payment assistance programs to reduce upfront costs.

How do I choose a mortgage lender in Arizona?

Choose an Arizona mortgage lender by comparing interest rates, loan programs, fees, and customer reviews. National lenders, local banks, and brokers like Truss Financial Group offer FHA, VA, USDA, jumbo, and non-QM loans all across Arizona.

How much do you need to make to buy a home in Arizona?

To buy a median-priced Arizona home (~$430,000 in 2025), most borrowers need a household income of $70,000–$85,000 annually, assuming moderate debt, a standard 30-year mortgage, and average property taxes of ~0.6%.

What are the USDA eligible areas in Arizona?

USDA eligible areas in Arizona include much of the state's rural and suburban zones outside dense urban cores. You can check any given address’s eligibility via the USDA property eligibility map.