Buying property in Arizona starts with finding financing that fits your goals. If you’re purchasing your first home, moving to a larger property, relocating to Arizona, or adding a rental to your portfolio, we help you explore loan options based on your income, credit, down payment, and property type.
We work with homebuyers whose circumstances range from straightforward salaried income to self-employment, multiple businesses, and real estate investments. If your situation requires a different approach to qualifying, let’s discuss it.
Home Purchase Financing Throughout Arizona
You may be purchasing a year-round residence, a seasonal home, or a property intended to generate rental income.
Purchase financing options
- Primary residences
- Second homes and vacation properties
- Single-family investment properties
- Condominiums and townhomes
- Two- to four-unit properties
- Higher-priced homes requiring jumbo financing
Conventional Purchase Loans
Conventional loans are an option for buyers who can document their income and meet the applicable credit and down payment requirements. You can use them for primary residences, second homes, and eligible investment properties. If you’re a first-time buyer or an experienced homeowner, we can help you review conventional financing and determine how it fits your Purchase.
FHA, VA, and USDA Purchase Options
Government-backed mortgage programs provide additional paths to homeownership for eligible borrowers.
FHA loans may be worth considering for buyers seeking a lower down payment or more flexible credit qualification.
VA loans offer purchase financing for eligible veterans, active-duty service members, and certain surviving spouses.
USDA loans may be available for eligible buyers purchasing a primary residence in a qualifying area of Arizona, subject to income and program requirements.
Jumbo Loans for Higher-Priced Properties
Purchasing a higher-priced Arizona home may require financing above the applicable conforming loan limit. Jumbo loan options can help qualified buyers finance larger purchases, including primary residences and second homes. Your income documentation, assets, credit profile, and down payment will help determine the available options.
Bank Statement Loans for Self-Employed Buyers
Your tax returns may not tell the whole story of your business income. If you’re a business owner, independent contractor, or self-employed professional, a bank statement mortgage may provide an alternative way to qualify.
Depending on the program, lenders may evaluate qualifying income using personal or business bank statements instead of traditional tax-return documentation. Underwriters review business expenses and eligible deposits as part of the underwriting process. This approach may help buyers with consistent cash flow whose reported taxable income is reduced by legitimate business deductions.
Additional Non-QM Purchase Programs
Some buyers need financing that accommodates income or financial circumstances outside standard underwriting guidelines.
- 1099 income programs for eligible independent contractors
- Profit and loss programs for qualifying self-employed borrowers
- Asset utilization programs that consider eligible assets when calculating qualifying income
- Other alternative documentation options based on the borrower’s financial profile
DSCR Loans for Arizona Investment Properties
If you’re buying a rental property, a DSCR loan may allow you to qualify based primarily on the property’s rental income relative to its required housing expenses. These programs can help real estate investors whose personal tax returns or debt-to-income ratio don’t meet traditional mortgage guidelines. Options may be available for eligible long-term rentals and short-term rental properties, subject to lender requirements and applicable local restrictions.
Buying a Condo in Arizona?
Condo financing involves reviewing both your qualifications and the condominium project. If a property does not meet standard agency requirements, alternative financing may be available.
Start With a Review of Your Purchase Plans
You don’t need a signed contract to start discussing financing. An early review can help you understand your options, identify documentation needs, and prepare before making an offer.
- Where in Arizona you plan to buy
- Your estimated purchase price and down payment
- Whether the property will be a primary residence, second home, or investment
- How you earn and document your income
- Your expected purchase timeline
Contact us to learn which programs best fit your income and employment situation.