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Conventional loans in Arizona

Quick answer

Conventional loans in Arizona allow as little as 3% down (about $10,767 on a $358,900 home) with a 620+ credit score, up to the $832,750 baseline conforming limit.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

Conventional loan snapshot for Arizona

ItemEstimate
Minimum down payment3%
Minimum credit score620
Typical AZ home value$358,900
3.5% down on typical home$12,562
20% down on typical home$71,780
Avg. effective property tax0.52%/yr (~$155/mo)
Income for typical home (31% rule)$108,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Arizona programs pair with Conventional loans?

  • HOME+PLUS: A 30-year fixed loan paired with down payment and closing cost assistance (typically a percentage of the loan amount) for buyers under income limits.
  • Local city programs: Phoenix, Tucson and several counties run their own down payment assistance for qualifying first-time buyers.

Details and current limits: Arizona Industrial Development Authority (HOME+PLUS).

How does a conventional loan work?

Conventional loans are made by private lenders and usually sold to Fannie Mae or Freddie Mac. Because they follow those agencies' guidelines, they're called conforming loans. You can choose a fixed rate (15, 20 or 30 years) or an adjustable rate.

Your rate and mortgage insurance cost depend heavily on your credit score and down payment, so improving either before you apply can noticeably lower your payment.

Who qualifies for a conventional loan?

  • Credit score: generally 620 minimum.
  • Debt-to-income (DTI): up to 45%, and sometimes 50% with strong compensating factors.
  • Down payment: 3% (HomeReady, Home Possible, 97% LTV programs) to 5%+.
  • Steady, documented income — usually two years of history.
  • Property: primary homes, second homes and investment properties are all allowed (with higher down payments for non-primary homes).

Conventional loans in Arizona cities

Conventional in PhoenixConventional in TucsonConventional in MesaConventional in ChandlerConventional in GilbertConventional in GlendaleConventional in ScottsdaleConventional in PeoriaConventional in TempeConventional in SurpriseConventional in San Tan ValleyConventional in GoodyearConventional in BuckeyeConventional in YumaConventional in AvondaleConventional in FlagstaffConventional in Casas AdobesConventional in Queen CreekConventional in MaricopaConventional in Lake Havasu CityConventional in Casa GrandeConventional in MaranaConventional in Catalina FoothillsConventional in Prescott ValleyConventional in Oro ValleyConventional in PrescottConventional in Sierra VistaConventional in Bullhead CityConventional in Apache JunctionConventional in Sun CityConventional in San LuisConventional in El MirageConventional in SahuaritaConventional in KingmanConventional in Fortuna FoothillsConventional in Drexel HeightsConventional in Sun City WestConventional in FlorenceConventional in Fountain HillsConventional in AnthemConventional in Rio RicoConventional in Green ValleyConventional in NogalesConventional in New RiverConventional in Flowing WellsConventional in EloyConventional in PaysonConventional in DouglasConventional in VailConventional in Fort MohaveConventional in Tanque VerdeConventional in CoolidgeConventional in SomertonConventional in New Kingman-ButlerConventional in Sierra Vista SoutheastConventional in Sun LakesConventional in Valencia WestConventional in Chino ValleyConventional in Tucson EstatesConventional in Verde Village

Frequently asked questions

Yes. Conventional loans are available statewide in Arizona through approved lenders, subject to county loan limits where they apply.

Often yes. Arizona Industrial Development Authority (HOME+PLUS) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Arizona.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.