Turning First-Time Buyers into Proud Homeowners in Southern Arizona
Specializing in helping first-time buyers navigate FHA loans for 1-unit and 2-unit homes — guiding
you from prequalification through appraisal, repairs, and closing day.
Why Work With Me
As a local real estate professional, I’ve helped many first-time buyers purchase FHA-approved homes that match their lifestyle and budget. My goal is to simplify the process, protect your interests, and connect you with trusted lenders who understand FHA financing.
Why Choose an FHA Loan
FHA loans are backed by the Federal Housing Administration and are ideal for buyers who:
Need a smaller down payment (as low as 3.5%)
Have moderate or less-than-perfect credit
Want to purchase a 1-unit or 2-unit home and live in the property
Whether you’re purchasing your very first home or considering a duplex for added income, I’ll help you find the right property and financing option for your situation.
FHA Loan Guidelines & Buyer Requirements
With years of experience helping first-time buyers find their dream homes, I understand that buying your first home is both exciting and emotional. FHA loans make homeownership possible for many new buyers who need flexible credit guidelines and low down payments.
Tips for First-Time Buyers
Get prequalified early to know your budget.
Factor in mortgage insurance, property taxes, and HOA fees.
Explore 2-unit options for potential rental income.
Check for local assistance programs designed for first-time buyers in Southern Arizona.
2025 FHA Loan Limits — Southern Arizona
Loan limits are set by HUD and updated each year. The following apply to 2025.
Pima County, AZ
1-Unit Home: $524,225
2-Unit Home: $671,200
Santa Cruz County, AZ
1-Unit Home: $524,225
2-Unit Home: $671,200
These limits determine the maximum loan amount eligible for FHA financing in each county. Always confirm with your lender for the latest updates.
1-Unit vs. 2-Unit Homes
1-Unit: Standard FHA rules apply.
2-Unit: Borrower must occupy one unit; rental income from the other unit can help qualify, but property condition and appraisal rules remain strict.
Occupancy Requirement
Borrowers must live in the property as their primary residence within 60 days of closing. FHA loans are not for investment-only purchases.
Down Payment & Credit
Minimum down payment: 3.5% with a credit score of 580 or higher
Lower credit scores may qualify with a larger down payment
Property Standards & Repairs
Homes must meet HUD’s minimum property standards for safety, soundness, and security.
Required repairs noted in the appraisal must be completed before closing or agreed to by the seller.
Gift Funds & Assistance
FHA allows gift funds from family members, employers, or approved charitable organizations for down payment or closing costs.
Documentation of the relationship and source of funds is required.
State and local down payment assistance programs in Pima and Santa Cruz counties can be combined with FHA loans for additional support.
Income, Debt Ratio & Documentation
Lenders will verify:
Employment and income
Debt-to-income (DTI) ratio
Assets and proof of funds
Be ready with pay stubs, W-2s, and recent bank statements.
Seller Concessions
FHA allows sellers to pay a portion of the buyer’s closing costs (within set limits), helping reduce the funds you need to bring to closing.
Mortgage Insurance (MIP)
FHA requires both:
Upfront Mortgage Insurance Premium (UFMIP) — added to the loan amount.
Annual MIP — included in monthly payments.
How to Cancel FHA Mortgage Insurance (MIP) – Loans After 2013
Less than 10% down → MIP lasts for the life of the loan. Removal usually requires refinancing.
10% or more down → MIP automatically cancels after 11 years.
Refinancing tip: If your home value has increased and you have 20%+ equity, refinancing into a conventional loan can eliminate MIP sooner.
View FHA-Eligible Homes
Ready to find your new home? Explore properties that may qualify for an FHA loan — perfect for first-time buyers and those looking for flexible financing. Click below to view available homes and start your journey toward affordable homeownership today!
