FHA Loans in Paradise Valley, AZ

FHA rarely fits Paradise Valley price points, but FHA 203k can work on a rare fixer in the lower price band.

FHA Loans in Paradise Valley: what you need to know

An FHA loan is insured by the Federal Housing Administration, which lets lenders approve buyers with 3.5% down and more flexible credit than conventional guidelines. It is the most common first-time buyer program in Arizona.

• 3.5% down payment with a 580+ credit score
• Down payment and closing costs can come from gifts or our down payment assistance program
• Higher debt-to-income ratios allowed with compensating factors
• FHA 203k option to finance purchase plus renovation in one loan
• FHA Streamline refinance later with reduced documentation

The Paradise Valley market

Paradise Valley is the most expensive town in Arizona. Estate lots, hillside custom builds, and purchase prices that make nearly every loan a jumbo. Buyers here are often self-employed, asset-heavy, or relocating with complex income, and the loan has to be built around that.

How Ricky's team handles FHA loans in Paradise Valley

Every file starts with a 15-minute strategy call. We map your goal, run the numbers on FHA loan against the alternatives, and issue a pre-approval that has been reviewed by a human underwriter, not a pre-qualification from a form. You get weekly updates, one point of contact, and a closing date we hit. Ricky Khamis has been lending in the Valley since 1999, is an 82nd Airborne veteran, and personally reviews FHA loan files.

Frequently asked questions

What credit score do I need for an FHA loan in Paradise Valley?

FHA allows 3.5% down with a 580 or higher score under agency rules. Lender overlays vary. If your score is below that, we'll tell you exactly what to fix and how long it takes.

Can I buy a condo in Paradise Valley with FHA?

Yes, if the condo project is FHA approved or qualifies for a single-unit approval. We check the project before you write an offer so there are no surprises.

Is FHA only for first-time buyers?

No. Anyone who will occupy the home as a primary residence can use FHA, as long as they meet the guidelines.

Can I combine FHA with down payment assistance in Paradise Valley?

Yes. Our FHA Buyer's Choice DPA program provides 3.5% or 5% of the purchase price toward down payment and closing costs, with no first-time buyer or income requirement.

Source: Ricky Khamis, President of EPiQ Lending, NMLS #173141, Scottsdale, Arizona. Program guidelines change; contact us for current terms. Not a commitment to lend.