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2022 FHA Loan Limits Arizona

If you are looking to buy your new home in the state of Arizona, and you qualify for an FHA loan, you may want to consider choosing your location based on the loan limits.

There are 15 counties in Arizona and all offer FHA loans.

The maximum FHA loan limit in Arizona is $389,850 for a single-family residence and up to $707,700 for a Four-Family Residence. Coconino County, AZ has the highest FHA Loan Limits in Arizona.

Aerial roofs of the houses in the urban landscape of an area Phoenix Arizona USA

The US Department of Housing and Urban Development is responsible for setting these limits each year. Let’s look at the breakdown for each home type.

CountySingle-FamilyTwo-FamilyThree-FamilyFour-Family
APACHE$420,680$538,650$651,050$809,150
COCHISE$420,680$538,650$651,050$809,150
GILA$420,680$538,650$651,050$809,150
GRAHAM$420,680$538,650$651,050$809,150
GREENLEE$420,680$538,650$651,050$809,150
LA PAZ$420,680$538,650$651,050$809,150
MOHAVE$420,680$538,650$651,050$809,150
NAVAJO$420,680$538,650$651,050$809,150
PIMA$420,680$538,650$651,050$809,150
SANTA CRUZ$420,680$538,650$651,050$809,150
YAVAPAI$420,680$538,650$651,050$809,150
YUMA$420,680$538,650$651,050$809,150
MARICOPA$441,600$565,300$683,350$849,250
PINAL$441,600$565,300$683,350$849,250
COCONINO$423,200$541,750$654,850$813,850

All data for this article was pulled directly from the HUD website on 3/6/2021.

FHA Loan Limits for Single Family Homes in Arizona

Neighborhood homes with sidewalk

Coconino county has the highest FHA loan limit available for single-family homes in Arizona at $389,850. Encompassing the area of Flagstaff and parts of Sedona.

Runners up are Maricopa and Pinal counties each having limits of $368,000. Throughout the rest of Arizona, the limit is $356,362.

Arizona CountySingle-Family FHA Loan Limit
APACHE$420,680
COCHISE$420,680
GILA$420,680
GRAHAM$420,680
GREENLEE$420,680
LA PAZ$420,680
MOHAVE$420,680
NAVAJO$420,680
PIMA$420,680
SANTA CRUZ$420,680
YAVAPAI$420,680
YUMA$420,680
MARICOPA$441,600
PINAL$441,600
COCONINO$423,200

FHA Loan Limits for Two-Family Homes in Arizona

If you are looking to purchase a two-family home in Arizona using an FHA loan, Coconino County will have the highest available limits at $499,050. Maricopa and Pinal Counties run a close second at $471,100.

All other counties in Arizona have the FHA Loan capped at $456,275.

Arizona CountyTwo-Family FHA Loan Limit
APACHE$538,650
COCHISE$538,650
GILA$538,650
GRAHAM$538,650
GREENLEE$538,650
LA PAZ$538,650
MOHAVE$538,650
NAVAJO$538,650
PIMA$538,650
SANTA CRUZ$538,650
YAVAPAI$538,650
YUMA$538,650
MARICOPA$565,300
PINAL$565,300
COCONINO$541,750

FHA Loan Limits for Three-Family Homes in Arizona

Housing multiple families one property is becoming more and more popular. Expenses can be shared between family members as well as maintenance and upkeep responsibilities.

If you are looking at purchasing a three-family home in Arizona, here are the limits.

Arizona CountyThree-Family FHA Loan Limit
APACHE$651,050
COCHISE$651,050
GILA$651,050
GRAHAM$651,050
GREENLEE$651,050
LA PAZ$651,050
MOHAVE$651,050
NAVAJO$651,050
PIMA$651,050
SANTA CRUZ$651,050
YAVAPAI$651,050
YUMA$651,050
MARICOPA$683,350
PINAL$683,350
COCONINO$654,850

FHA Loan Limits for Four-Family Homes in Arizona

The largest home type allowed to be financed with an FHA loan is a four-family home. The reality is, FHA eligible homes of this size are very rarely available and usually very quickly purchased. That being said, here are the limits you would be looking at.

Arizona CountyFour -Family FHA Loan Limit
APACHE$809,150
COCHISE$809,150
GILA$809,150
GRAHAM$809,150
GREENLEE$809,150
LA PAZ$809,150
MOHAVE$809,150
NAVAJO$809,150
PIMA$809,150
SANTA CRUZ$809,150
YAVAPAI$809,150
YUMA$809,150
MARICOPA$849,250
PINAL$849,250
COCONINO$813,850

How to Qualify for an FHA Loan in Arizona?

To qualify for an FHA loan in Arizona, you will need to select a home that is below the maximum FHA loan limits for the county. In addition, you will need to meet other FHA program requirements such as:

  • Credit Score of at least 500
  • Will be using the home as your main residence.
  • Stable Job with Steady Income
  • Debt to Income Ratio of <43%
  • Pay Mortgage Insurance

Keep in mind that the FHA program really is there to support those who otherwise wouldn’t be able to attain a traditional mortgage for reasons like:

  • Less than 20% Down Payment
  • Low Credit Scores

This can be a great way to become a first-time homeowner but keep in mind that the FHA program is not limited to first-time homebuyers.

FHA Home Plus Program

Arizona also offers the FHA Home Plus Program in all counties except for Maricopa and Pima. This program provides down payment assistance of up to $19,200.

This program can be a great option for you if your FICO score is at least 640.

How Expensive of a House Can I Buy with a FHA Loan in Arizona?

A traditional home loan typically requires a 20% down payment but, if you are going the FHA route, you can lower that to as little as 3.5% down.

Keep in mind that the lower your down payment, the lower your total purchase price can be. Pinpointing a maximum home value is a conversation that you should have with your mortgage broker based on current interest rates, mortgage insurance premiums, and the county you are purchasing your home in.

Your real estate agent should be able to put you into contact with a mortgage broker specializing in Arizona properties who can assist with calculating your maximum home purchase amount.

Remember, though, that all real estate transactions are a negotiation. The asking price does not have to be the final price. Work with your agent to determine a fair offer.

Other Home Loan Programs in Arizona

Even if you started out looking for a FHA loan, work with your mortgage broker to discuss the details of other home buying programs available in Arizona. They can help you evaluate your unique situation and find the right financing option for you.

Some other home buying programs in Arizona include:

  • Arizona USDA Home Loans
  • Arizona VA Home Loans
  • Arizona Home Plus FHA Loan Program
  • Arizona Home Plus VA & USDA Loan Program

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