Understanding FHA Loan Limits in Arizona: A Comprehensive Guide

Are you looking to purchase a home in Arizona? If so, you may have heard about FHA loans and their benefits. FHA loans are an excellent option for those with less-than-perfect credit or a past bankruptcy. Unlike conventional loans, FHA loans allow individuals with lower credit scores to apply, and the down payment requirements are lower, ranging from 3.5% to 10%.

Table of Contents

• FHA Loan Limits in Arizona (2024)
• 2024 FHA Loan Limits Arizona By County
• 2024 Arizona FHA Loan Limits By County and Metro Area
• How to qualify for an FHA loan in Arizona
• How are Arizona FHA loan limits determined?
• Ready to Qualify for an Arizona FHA Loan? We’re Here for You

FHA Loan Limits in Arizona (2024)

Before diving into the specific FHA loan limits for each county in Arizona, let's first understand the general FHA loan limits for the state as a whole. In 2024, the FHA loan limit for a single-family home in Arizona is $386,000. This means that if you're planning to purchase a home in Arizona using an FHA loan, the maximum loan amount you can borrow is $386,000.

2024 FHA Loan Limits Arizona By County

While the statewide FHA loan limit is set at $386,000, the loan limits can vary by county. Let's take a closer look at the FHA loan limits for each county in Arizona:

Apache County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Apache County in Arizona is $386,000.

Cochise County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Cochise County in Arizona is $386,000.

Coconino County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Coconino County in Arizona is $386,000.

Gila County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Gila County in Arizona is $386,000.

Graham County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Graham County in Arizona is $386,000.

Greenlee County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Greenlee County in Arizona is $386,000.

La Paz County, AZ, 2024 FHA Loan Limit

The FHA loan limit for La Paz County in Arizona is $386,000.

Maricopa County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Maricopa County in Arizona is $386,000.

Mohave County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Mohave County in Arizona is $386,000.

Navajo County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Navajo County in Arizona is $386,000.

Pima County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Pima County in Arizona is $386,000.

Pinal County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Pinal County in Arizona is $386,000.

Santa Cruz County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Santa Cruz County in Arizona is $386,000.

Yavapai County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Yavapai County in Arizona is $386,000.

Yuma County, AZ, 2024 FHA Loan Limit

The FHA loan limit for Yuma County in Arizona is $386,000.

2024 Arizona FHA Loan Limits By County and Metro Area

In addition to the county-specific loan limits, Arizona also has FHA loan limits for specific metro areas. Let's take a look at the FHA loan limits for some of the major metro areas in Arizona:

• Phoenix-Mesa-Scottsdale, AZ: $386,000
• Tucson, AZ: $386,000
• Mesa, AZ: $386,000
• Chandler, AZ: $386,000
• Glendale, AZ: $386,000

How to qualify for an FHA loan in Arizona

Now that you have a good understanding of the FHA loan limits in Arizona, let's explore how you can qualify for an FHA loan in the state. The basic requirements for qualifying for an FHA loan in Arizona include:

• A minimum credit score of 580
• A down payment of at least 3.5% of the purchase price
• A stable employment history
• A debt-to-income ratio of 43% or less

It's important to note that these are just the basic requirements, and additional criteria may apply. To determine if you're eligible for an FHA loan in Arizona, it's best to consult with a mortgage lender who specializes in FHA loans.

How are Arizona FHA loan limits determined?

You may be wondering how the FHA loan limits for Arizona are determined. The Federal Housing Administration (FHA) sets the loan limits for each county based on the median home prices in the area. The loan limits are adjusted annually to reflect changes in the housing market and ensure that FHA loans remain accessible to homebuyers.

Ready to Qualify for an Arizona FHA Loan? We’re Here for You

If you're ready to take the next steps towards homeownership in Arizona, our team is here to help. We specialize in FHA loans and can guide you through the process from start to finish. Contact us today to learn more about how we can assist you in qualifying for an Arizona FHA loan.