desert house in arizona

2021 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.

desert house in Arizona

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$356,362$456,275$551,500$685,400
COCHISE$356,362$456,275$551,500$685,400
GILA$356,362$456,275$551,500$685,400
GRAHAM$356,362$456,275$551,500$685,400
GREENLEE$356,362$456,275$551,500$685,400
LA PAZ$356,362$456,275$551,500$685,400
MOHAVE$356,362$456,275$551,500$685,400
NAVAJO$356,362$456,275$551,500$685,400
PIMA$356,362$456,275$551,500$685,400
SANTA CRUZ$356,362$456,275$551,500$685,400
YAVAPAI$356,362$456,275$551,500$685,400
YUMA$356,362$456,275$551,500$685,400
MARICOPA$368,000$471,100$569,450$707,700
PINAL$368,000$471,100$569,450$707,700
COCONINO$389,850$499,050$603,250$749,700

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

single family homes in arizona

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$356,362
COCHISE$356,362
GILA$356,362
GRAHAM$356,362
GREENLEE$356,362
LA PAZ$356,362
MOHAVE$356,362
NAVAJO$356,362
PIMA$356,362
SANTA CRUZ$356,362
YAVAPAI$356,362
YUMA$356,362
MARICOPA$368,000
PINAL$368,000
COCONINO$389,850

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$456,275
COCHISE$456,275
GILA$456,275
GRAHAM$456,275
GREENLEE$456,275
LA PAZ$456,275
MOHAVE$456,275
NAVAJO$456,275
PIMA$456,275
SANTA CRUZ$456,275
YAVAPAI$456,275
YUMA$456,275
MARICOPA$471,100
PINAL$471,100
COCONINO$499,050

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$551,500
COCHISE$551,500
GILA$551,500
GRAHAM$551,500
GREENLEE$551,500
LA PAZ$551,500
MOHAVE$551,500
NAVAJO$551,500
PIMA$551,500
SANTA CRUZ$551,500
YAVAPAI$551,500
YUMA$551,500
MARICOPA$569,450
PINAL$569,450
COCONINO$603,250

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$685,400
COCHISE$685,400
GILA$685,400
GRAHAM$685,400
GREENLEE$685,400
LA PAZ$685,400
MOHAVE$685,400
NAVAJO$685,400
PIMA$685,400
SANTA CRUZ$685,400
YAVAPAI$685,400
YUMA$685,400
MARICOPA$707,700
PINAL$707,700
COCONINO$749,700

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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