What to know about financing in Phoenix
City of Phoenix Open Doors
Buyers purchasing inside Phoenix city limits may qualify for Open Doors down payment and closing cost assistance, for households at or below 80% of area median income and under the program’s purchase price cap. It can be combined with FHA or conventional financing.
Older homes and the appraisal
Many central Phoenix neighborhoods were built before 1978. FHA and VA appraisers look for peeling paint and other safety items on older homes, so knowing the house’s condition before you choose a loan saves headaches.
Solar panels
Leased or financed solar is common in Phoenix. The lease has to transfer to you and the lender needs the paperwork, so ask for it as soon as you’re under contract.
2026 loan limits
In Maricopa County for 2026, the conforming loan limit is $832,750 and the FHA limit is $557,750 for a one-unit home. VA has no limit with full entitlement.
How conforming limits workDown payment help
Home Plus is available statewide, and City of Phoenix Open Doors adds another option inside city limits. Arizona Is Home is not available in Maricopa County.
Arizona assistance programsPopular loans in Phoenix
- FHA loansFlexible credit and a low down payment, backed by the federal government.
- VA loansBenefits earned through service, with no monthly mortgage insurance.
- Conventional loansThe most common loan, for primary homes, second homes and rentals.
- First-time home buyersA clear plan, the right loan, and Arizona down payment help.
Phoenix mortgage questions
Can I use City of Phoenix Open Doors with an FHA loan?
Yes, Open Doors can be paired with FHA or conventional first mortgages. The home has to be inside Phoenix city limits, and you have to meet the income limit and purchase price cap.
What is the FHA loan limit in Phoenix for 2026?
$557,750 for a one-unit home in Maricopa County.
Does Pete only work with Phoenix buyers?
No. Pete lends anywhere in Arizona and is also licensed in California and Texas. Phoenix is one of many places he helps buyers and homeowners.
Nearby
General information, not a loan offer or commitment to lend. Loan limits and assistance programs are as of 2026 and change over time; availability, income limits and terms vary. Ask Pete for current details for a specific address.