Free fha loan calculator tailored for Arizona (AZ). Calculate instantly with state-specific rates and rules.
FHA loans require a minimum 3.5% down payment (10% if credit score is 580-619). On Arizona's median home of $320,000, that's a minimum down payment of $11,200.
FHA loan limits vary by county and are tied to conforming limits. In most Arizona counties, the FHA floor limit is $498,257 (2024). High-cost areas like certain counties may qualify for higher limits up to $1,149,825. Most Arizona counties are at the standard conforming limit. Scottsdale and parts of Maricopa County approach this ceiling.
FHA MIP (Mortgage Insurance Premium) is required regardless of down payment. Conventional loans eliminate PMI at 20% equity. With Arizona's median home at $320,000, buyers who can put down $64,000 (20%) are better served by conventional financing. FHA makes sense for buyers with limited savings or credit scores below 740.
Arizona closing costs average $2,600. Arizona imposes no mortgage recording tax. Title insurance and escrow fees are the primary closing cost components. Sellers can contribute up to 6% of the purchase price toward FHA buyer closing costs.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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