What to know about financing in Tempe
Condo and townhome financing
For condos, lenders review the whole complex: owner-occupancy, HOA budget and reserves, insurance and any litigation. For FHA, the complex needs FHA approval or the unit needs a single-unit approval. Pete will check before you write an offer.
Parents buying for a student
Buying a place near ASU for a son or daughter? How the property is classified, and who is on the loan, changes the down payment and rate. Talk it through with Pete first.
First homes
Tempe’s condos and smaller homes are a common first purchase. FHA, conventional and Home Plus down payment assistance can all be on the table.
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 to buyers under its income limit. Arizona Is Home is not available in Maricopa County.
Arizona assistance programsPopular loans in Tempe
- FHA loansFlexible credit and a low down payment, backed by the federal government.
- 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.
- DSCR & investor loansQualify on the property’s rent, not your personal income.
Tempe mortgage questions
Can I use an FHA loan for a Tempe condo?
Yes, if the complex is FHA-approved or the unit qualifies for a single-unit approval. Pete can check a specific address.
Does Pete only work with Tempe buyers?
No. Pete lends anywhere in Arizona and is also licensed in California and Texas. Tempe 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.