FHA Home Loan Overview

 FHA Home Loan Arizona

Arizona FHA Lender

An Arizona FHA home loan is a great option for many Phoenix area home-buyers.  FHA gives many Americans the option to become homeowners.  FHA offers a minimal down payment, have competitive interest rates and provide flexible underwriting guidelines.

The HOUSE Team can close your FHA loan in a just a few weeks and is your go to Arizona FHA Lender.

Why choose an FHA loan?

Benefits of an Arizona FHA home loan:

  • Low Down Payment
  • Flexible Debt to Income Ratio
  • Flexible Credit Guidelines
  • Competitive Interest Rate
  • Co–Borrowers Allowed to Help Qualify
  • No Pre–Payment Penalty
  • Learn more on FHA financing on The HOUSE Team’s blog

Basic FHA Mortgage Requirements

What can FHA loan be used to buy?: Primary residence purchases only
Maximum Loan Amount: $279,450 for single family home in Maricopa County, Arizona
Down Payment Requirement: 3.5% of the purchase price
Available Loan Terms: 5yr or 7yr ARM, 15 and 30 year fixed mortgage
Is Mortgage Insurance Required? Yes Learn more
Are there property Eligibility Requirements: Yes Learn more 
Income Eligibility Requirements: No minimum or maximum income limits
Maximum Debt to Income Ratio: Contact us for more information
Minimum Required Credit Score: Contact us for more information
Are Seller Paid Closing Costs allowed: Yes Learn more 
Are gift funds allowed? Yes Learn more 

Get Pre-approved for an FHA Loan Today

Contact The HOUSE Team today to learn about your FHA home loan options.  You can also apply online.

Arizona FHA Loan Resources:

Escrow Holdback – FHA
FHA 203k
Property Requirements – FHA

Streamline Refinance
FHA Mortgage Insurance

History of the FHA Home Loan Program

The acronym “FHA” stands for the Federal Housing Administration.  In 1934, the housing market in the United States was falling apart. Mortgages required 50% down and were often due in full in just 3 to 5 years. Consequently, homes were owned only 4 out of 10 times by the occupant.  As a result, Congress created the FHA in 1934 to provide and insure mortgages.

Due to the FHA home loan program, millions of Americans have become homeowners. As a result, home-ownership in the United States has reached an all time high. Furthermore, FHA continues to evolve and adapt to ensure that Americans have access to mortgage products that provide them with the opportunity to own their own home.

Team Phone:  602.435.2149
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