Arizona Home Loans | FHA, VA, DSCR & Conventional

Arizona's median home sale price was approximately $448,000 as of May 2026, up 0.8% year over year, according to Redfin. Homes are spending a median of 67 days on the market before selling. Statewide inventory has grown year over year, giving buyers more selection than in recent years.

Arizona has shifted from a seller-dominated market into more balanced conditions. Sellers are more willing to negotiate on rate buydowns and closing cost credits. Buyers have more time to compare loan options instead of racing to submit an offer.

Market data sourced from Redfin's Arizona housing market report, current as of May 2026. Figures change monthly and are provided for general context only. For current mortgage rates, see our live rate page or Rate Watch tool.

Key takeaway: Arizona's 2026 market gives buyers more negotiating leverage than in prior years, which makes comparing loan programs, not just accepting the first quote, more valuable than it used to be.

Bonelli Financial Group offers conventional, FHA, VA, DSCR, bank statement, and asset-based purchase loans, plus multiple refinance and home equity products, to Arizona buyers and homeowners. Each program is matched to the borrower's actual financial picture rather than a single fixed underwriting box.

Conventional Loans — Down payments as low as 3% for qualified buyers, with mortgage insurance that cancels once you build enough equity.

FHA Loans — Down payments starting at 3.5% with more flexible credit requirements, a common path for first-time buyers.

VA Loans — Zero down payment and no monthly mortgage insurance for eligible veterans, active-duty service members, and surviving spouses.

Debt Service Coverage Ratio (DSCR) Loans — Investment property financing qualified on rental income rather than personal income.

Bank Statement Loans — Built for self-employed borrowers who don't fit a traditional W-2 underwriting box.

Asset Based Loans — Qualify using assets and reserves instead of documented income.

Cash-Out Refinance — Turn home equity into usable cash for renovations, debt consolidation, or investment.

Rate and Term Refinance — Adjust your rate or term to better fit your current financial goals.

VA IRRRL Streamline Refinance — A simplified refinance path for existing VA loan holders, often without an appraisal.

HELOC and Home Equity Loans — Access your home's equity as a line of credit or a lump sum.

First-Time Home Buyer Programs — A full breakdown of loan options and Arizona's down payment assistance programs for buyers purchasing their first home.

Bonelli Financial Group's deepest local coverage is in Mesa, Gilbert, Tempe, Scottsdale, Goodyear, Prescott, and Casa Grande, Arizona, with dedicated lending guides for each market below.

Mesa Mortgage Guide — Local rate trends and lending insights for Eastmark, Las Sendas, and Augusta Ranch buyers. This is also home turf: our office sits in downtown Mesa.

Gilbert Mortgage Guide — Strategic guidance for buyers in Seville, Power Ranch, and Val Vista Lakes.

Tempe Home Loans — Financing for both ASU-area investors and South Tempe family buyers, two very different markets under one city.

DSCR Loans in Scottsdale — Investment property financing for Scottsdale's short-term rental and long-term rental markets.

Prescott Home Loan — Local lending for the Prescott and Yavapai County market, served from our Prescott branch office.

Goodyear Home Loans — Local mortgage guidance for one of the West Valley's fastest-growing markets, covering first-time buyer, FHA, and conventional financing for Goodyear homebuyers.

Casa Grande Home Loans — Home loans for Pinal County's growing manufacturing corridor, including $0-down USDA financing, since Casa Grande is one of the few Arizona cities near Phoenix that qualifies.

East Valley Preapproval — Fast, accurate preapprovals for East Valley buyers ready to compete on an offer.

Bonelli Financial Group shops each loan across multiple lenders instead of offering a single rate sheet. When a borrower's file doesn't fit one lender's underwriting box, the team has other lenders to try instead of a flat decline.

Bonelli Financial Group has direct experience with Arizona's local loan programs, including county-specific down payment assistance and how appraisals and title work function in Maricopa and Yavapai counties.

Bonelli Financial Group is licensed in nine states: Arizona, California, Colorado, Florida, Idaho, New Mexico, Ohio, South Carolina, and Texas. This allows the team to handle both sides of a transaction when an Arizona purchase involves an out-of-state sale or move.

A licensed loan officer, not an algorithm, manages every file at Bonelli Financial Group. Technology speeds up document collection and status updates, but final decisions are made by a person.

Key takeaway: A mortgage broker's core advantage over a bank is lender choice; Bonelli Financial Group pairs that with direct Arizona market experience and a licensed loan officer on every file.

What credit score do I need to buy a home in Arizona?

The minimum credit score to buy a home in Arizona ranges from 580 to 640, depending on the loan program. Conventional loans generally require 620 or higher, FHA allows scores as low as 580 (and sometimes lower with a larger down payment), and Arizona's down payment assistance programs generally require a 640 minimum. VA loans have no fixed published minimum, though individual lenders set their own floor.

How much do I need for a down payment in Arizona?

Down payment requirements in Arizona range from 0% to 3.5%, depending on loan type. Conventional loans allow as little as 3% down for qualified buyers, FHA requires 3.5%, and VA and USDA loans can require $0 down for eligible borrowers. Arizona also offers several down payment assistance programs that can reduce out-of-pocket costs further; see the full breakdown in Bonelli Financial Group's first-time buyer guide.

Is Arizona a buyer's or seller's market right now?

Arizona shifted toward a more balanced market in 2026, with statewide inventory up year over year and homes taking a median of 67 days to sell as of May 2026, according to Redfin. That gives buyers more negotiating room than during the peak seller's-market years, though conditions vary by city and price point.

Should I use a mortgage broker or go directly to a bank?

A mortgage broker shops a loan across multiple lenders, while a bank offers only its own single rate sheet and approval criteria. This distinction matters most for self-employed borrowers, buyers with a non-standard income structure, or anyone who wants to compare loan program types side by side rather than accept one quote.

Does Bonelli Financial Group handle refinancing as well as home purchases?

Yes. Bonelli Financial Group handles rate and term refinances, cash-out refinances, VA IRRRL streamline refinances, and home equity products (HELOC and HELOAN) in addition to purchase loans.

What areas of Arizona does Bonelli Financial Group serve?

Bonelli Financial Group's deepest local expertise is in Mesa, Gilbert, Tempe, Scottsdale, and Prescott, Arizona, with its main office in downtown Mesa and a second office in Prescott. The company is also licensed in California, Colorado, Florida, Idaho, New Mexico, Ohio, South Carolina, and Texas.

About the author

Travis Erickson

Licensed Mortgage Broker · NMLS# 1193479 · Bonelli Financial Group NMLS# 1211572

Travis Erickson has been in the mortgage industry for over 10 years, working every part of it. He started as a loan officer at Desert Financial Credit Union, one of the largest credit unions in Arizona, moved into production management, and eventually became Vice President at AmeriSave Mortgage where he built a top producing team and helped run a branch location funding well over a billion dollars annually.

He joined Bonelli Financial Group in 2024 to build a faster, more transparent mortgage experience for borrowers that traditional lenders often overlook. His day-to-day work spans the full mortgage spectrum — conventional, FHA, VA, jumbo, DSCR, bank statement, and non-QM programs — with a particular depth in investor financing and complex income situations. He works with borrowers in Arizona and eight other states.

His expertise has been recognized by publications including Bankrate, whose Non-Conforming Loans Guide is one of the most widely read mortgage references in the country, and Clever Real Estate. He’s based in Mesa, knows the East Valley and Scottsdale markets from years of working in them, and has closed deals across Arizona, Texas, Florida, and beyond that conventional lenders couldn’t structure.

His view on lending is straightforward: the best mortgage is the one that actually closes.