FHA Loans in Phoenix, AZ

FHA opens Phoenix's central and west-side neighborhoods to first-time buyers with 3.5% down and realistic credit requirements.

FHA Loans in Phoenix: 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 Phoenix market

Phoenix is a dozen markets in one. Arcadia and Biltmore behave like Scottsdale, Ahwatukee behaves like Chandler, and North Phoenix is new construction and relocation buyers. The program that fits depends on the zip code, and the lender needs to know the neighborhoods, not just the guidelines.

How Ricky's team handles FHA loans in Phoenix

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 Phoenix?

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 Phoenix 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 Phoenix?

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.