Phoenix Home Loans

Phoenix has been one of the fastest-growing metros in the country for the better part of a decade, and the pipeline isn’t slowing down. TSMC’s semiconductor fab in north Phoenix and Intel’s continued expansion in Chandler are pulling in thousands of high-paying jobs — along with all the support industries that follow. The result is sustained housing demand across the Valley, from Gilbert and Mesa to Tempe, Surprise, and Goodyear.

Median home prices in the Phoenix metro hover around $430,000, which still looks like a bargain compared to what buyers left behind in LA, the Bay Area, or Seattle. That affordability gap has driven massive inbound migration, especially from California. Chandler and Gilbert draw families chasing top-rated schools. Tempe stays hot with ASU grads who stick around. North Phoenix and Anthem offer newer builds with more space. The West Valley — Buckeye, Avondale, Goodyear — is where most of the new construction action is happening.

Phoenix is also one of the biggest investor markets in the country. Snowbird demand keeps short-term rentals profitable in Scottsdale and central Phoenix, while long-term rental yields stay strong in Mesa, Glendale, and south Tempe.

Loan Programs Available in Phoenix

• FHA Loans — 3.5% down, popular with first-time buyers in Mesa, Glendale, and the West Valley where prices stay within FHA limits
• VA Loans — Zero down for veterans and active duty. Luke AFB is right here, and the Valley has a large veteran population
• Conventional Loans — Fixed and adjustable rate options for primary residences and second homes
• Jumbo Loans — For higher-priced properties in Arcadia, Paradise Valley, and North Scottsdale
• Bank Statement Loans — Phoenix’s self-employed economy is massive — contractors, pool service companies, real estate agents, tech consultants. Qualify on deposits, not tax returns
• DSCR Investment Loans — Qualify on rental income alone. Phoenix is one of the top DSCR markets in the country thanks to strong rents and snowbird demand

Phoenix Housing Market

The Phoenix market has layers. Central Phoenix — Arcadia, the Biltmore corridor, Camelback East — commands premium pricing and often pushes into jumbo territory. The East Valley suburbs of Chandler, Gilbert, and Queen Creek are where young families land, with strong schools and newer inventory mostly in the $400K–$600K range. Tempe moves fast thanks to proximity to ASU and light rail access. North Phoenix and Anthem skew toward move-up buyers who want larger lots and newer construction.

The West Valley is the growth story. Buckeye, Goodyear, and Surprise have exploded with new master-planned communities. Prices here tend to run $350K–$450K for new builds — the most accessible price point in the metro for conventional and FHA buyers.

For investors, Phoenix’s fundamentals are hard to beat. Population growth, job creation, and limited housing supply keep vacancies low. DSCR loans make it possible to scale a rental portfolio without documenting personal income on every deal.

Why Buyers in Phoenix Choose 1st Nationwide

• Self-employed lending — The Valley is full of business owners, 1099 contractors, and entrepreneurs. Bank statement loans are a core part of what we do, and we know how to structure files for Phoenix’s independent workforce.
• Investor financing — DSCR loans for single-family rentals, multi-family, and short-term rental properties. No tax returns required. Close in an LLC. No cap on financed properties.
• First-time buyer programs — FHA and conventional options with low down payments, plus Arizona’s down payment assistance programs for those who qualify.
• Speed — Phoenix moves fast. Listings go under contract in days, not weeks. We close on time so you don’t lose the house.

Get Started

Call us at (833) 350-9185 or apply online. We’ll look at your situation and match you to the program that actually fits — whether that’s FHA, VA, conventional, jumbo, bank statement, or DSCR.