You Don’t Need 20% Down to Buy a Home in Arizona — Here’s the Truth

If you’ve been putting off buying a home in Arizona because you think you need a 20% down payment, it’s time to bust that myth wide open.

The truth is: many buyers—especially first-timers—can purchase a home with far less upfront cash than they think.

💡 What Do You Really Need to Buy a Home in Arizona?

Let’s break it down:

✅ Conventional Loans – These typically allow for as little as 3–5% down. Perfect for buyers with good credit and a stable income.

✅ FHA Loans – With only 3.5% down, these government-backed loans are great for buyers who may have lower credit scores or less cash saved.

✅ VA Loans – 0% down for eligible veterans, active-duty service members, and some surviving spouses. A huge benefit for those who qualify!

✅ USDA Loans – 0% down for buyers purchasing in designated rural areas, including some parts of Arizona.

✅ Arizona Down Payment Assistance Programs – State and local programs are available to help qualified buyers bridge the gap, often with grants or forgivable loans.

🏡 Why Waiting to Save 20% Might Cost You

Home prices in many parts of Arizona—from Phoenix to Tucson to the East Valley—are still on the rise. Mortgage interest rates fluctuate, but they’re not guaranteed to go down. Delaying your purchase could mean:

Paying more for the same house a year from now

Facing higher monthly payments due to interest rate increases

Losing out on equity growth as home values climb

📍 Local Insight: Arizona Homebuyers Have Options

Whether you're buying in Gilbert, Scottsdale, Chandler, or a more rural area like Maricopa or Casa Grande, there are financing solutions designed to meet your needs. Every buyer's situation is different, and the best loan strategy depends on your income, credit, and long-term goals.

👋 Let’s Talk About What’s Possible

As a local Arizona realtor, I help buyers navigate their loan options every day. You don’t need to figure it out alone! If you’ve been on the fence about homeownership, now is the time to explore your options.

Let’s chat and see how close you really are to owning your dream home in Arizona.

📩 Contact me today at +1 480-298-5551 to schedule a free buyer consultation.