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First-time home buyer programs in Paradise Valley, AZ

Quick answer

First-time buyers in Paradise Valley, AZ can use 3%-down conventional loans (up to the $832,750 Maricopa County conforming limit), 3.5%-down FHA, or VA and USDA where eligible. On the $2,000,001 median home, 3% down is about $60,000 and the estimated payment is $14,913/month at 7.18%.

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

Median household income: $236,250; value-to-income ratio 8.47. Paradise Valley ranks 1 by home value and 61 by population among 68 places in our AZ dataset.

What does a first-time buyer loan cost on a typical Paradise Valley home?

ItemParadise Valley
Median home value (Census ACS)$2,000,001
Arizona median home value$358,900
Down payment (3%)$60,000
Loan amount$1,940,001
Estimated monthly payment (PITI + MI)$14,913
Income needed (28% / 36%)$640,000 / $498,000
Maricopa County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

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

Payment includes Arizona's 0.52% effective property tax rate (Census ACS), $1,194/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Paradise Valley?

Paradise Valley is in Maricopa County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $557,750.

The Paradise Valley median home value of $2,000,001 is 457% above the Arizona median, and above what the county limit supports.

Which down payment assistance programs can Paradise Valley buyers use?

No applicable programs have been verified for this city yet. Check the state housing finance agency for current assistance.

First-time buyer loans in nearby cities

PhoenixScottsdaleTempeGlendaleFountain HillsMesa

First-time buyer loan FAQs for Paradise Valley

On the $2,000,001 median: 3% conventional ≈ $60,000, 3.5% FHA ≈ $70,000, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Maricopa County become jumbo loans.

At the $2,000,001 median value (above the Arizona median of $358,900), the estimated payment of $14,913/month at 7.18% needs about $640,000 a year under the 28% housing guideline, or $498,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 0 statewide programs are verified for this city (0 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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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.