First-time home buyer guide for Arizona (2026)

Key facts at a glance

Who counts as first-time	For most programs, anyone who hasn't owned a home in the past 3 years
Common loans	FHA, conventional (HomeReady, Home Possible), VA, USDA
Down payment help	Home Plus (statewide), Arizona Is Home (Pinal), Home in Five (Maricopa), Open Doors (Phoenix)
Homebuyer class	Required by most assistance programs
Typical timeline	About 30 to 45 days from accepted offer to closing

Am I a first-time home buyer?

Probably more often than you think. Most programs count you as a first-time buyer if you haven't owned a home in the last three years. Some programs make exceptions for veterans or homes in certain areas.

What are the steps to buying my first home in Arizona?

1. Check your credit. Pull your reports and fix errors.
2. Talk to a loan officer. We'll go over your income, debts, and savings and pick the loan that fits.
3. Get pre-approved. Sellers take a pre-approval much more seriously than a pre-qualification.
4. Pick a down payment program if you're using one, before you write an offer.
5. Find an agent and shop in your budget.
6. Make an offer. Ask about seller credits toward closing costs.
7. Inspection and appraisal.
8. Close. Sign, fund, get your keys.

What loan is best for a first-time buyer in Arizona?

There's no single answer. FHA is flexible on credit. Conventional programs like HomeReady can be cheaper with good credit. VA is hard to beat if you've served. USDA can work in eligible Pinal County areas. I compare them with your numbers.

How much cash do I need to buy my first home?

It depends on the loan, the price, and how much help you get. Plan for a down payment, closing costs, prepaid taxes and insurance, and a cushion for moving in. Down payment assistance and seller credits can cover a big chunk. I'll give you a written estimate so you're not guessing.

What hidden costs should Arizona first-time buyers know about?

• HOA dues: very common in newer Pinal and Maricopa County neighborhoods, and they count in your qualifying ratio.
• Community Facilities District (CFD) taxes: some newer areas add these to the tax bill. See the Merrill Ranch CFD guide.
• Leased solar: a lease payment can affect your approval. See leased solar and your loan.
• Home insurance: premiums have climbed. See how insurance affects affordability.

Do I have to use the builder's lender for a new home?

No. Builders often offer incentives tied to their lender, but you're allowed to compare. Sometimes the builder deal wins; sometimes it doesn't. Read do you have to use the builder's lender.

Subject to eligibility, credit approval, and program guidelines. Programs can change.