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First-time home buyer programs in Phoenix, AZ

Quick answer

First-time buyers in Phoenix, 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, plus 1 verified city, county or statewide assistance program. On the $381,900 median home, 3% down is about $11,457 and the estimated payment is $2,928/month at 7.18%.

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

Median household income: $77,041; value-to-income ratio 4.96. Phoenix ranks 24 by home value and 1 by population among 68 places in our AZ dataset.

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

ItemPhoenix
Median home value (Census ACS)$381,900
Arizona median home value$358,900
Down payment (3%)$11,457
Loan amount$370,443
Estimated monthly payment (PITI + MI)$2,928
Income needed (28% / 36%)$126,000 / $98,000
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 Phoenix?

Phoenix 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 Phoenix median home value of $381,900 is 6% above the Arizona median, and within what the county limit supports.

Which down payment assistance programs can Phoenix buyers use?

First-time buyer loans in nearby cities

GlendaleParadise ValleySun CityEl MirageScottsdaleTempe

First-time buyer loan FAQs for Phoenix

On the $381,900 median: 3% conventional ≈ $11,457, 3.5% FHA ≈ $13,367, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Maricopa County become jumbo loans.

At the $381,900 median value (above the Arizona median of $358,900), the estimated payment of $2,928/month at 7.18% needs about $126,000 a year under the 28% housing guideline, or $98,000 if your total debts stay under 36%.

1 city-level, 0 county-level and 0 statewide programs are verified for this city (1 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.