FHA Loan Limits Arizona 2022 | Loan Limits By County And Home Type

FHA loan limits in Arizona set the maximum amount borrowers can get when purchasing a single unit or multifamily property with an FHA loan. FHA mortgages are backed and insured by the Federal Housing Administration and have different lending requirements than conventional loans to help borrowers qualify for a mortgage. The FHA loan limits in Arizona vary by county and the home type. They are subject to change each year. Let’s take a look at how these numbers differ across counties.

Editorial Note: All data regarding loan limits is pulled directly from the FHA and is current as of 2022. These numbers are subject to change and evaluated by the FHA each year.

Arizona FHA Loan Limits by County and Home Type

In 2022, the FHA loan limit in Arizona for a single-family home ranges from $420,680 to $441,600 depending on the county. The higher FHA loan limits of $441,600 were located in Maricopa and Pinal county. Median sales prices of homes in those counties were $384,000. 

Making Sense of the Numbers

Looking further at the numbers we can see that the FHA loan limits in Arizona increase in proportion to the size of the unit. The highest FHA loan limit in Arizona is $849,250 for a four-unit property type in Maricopa county as well as Pinal county.

Recommended Reading: FHA Loan Limits Utah – Loan Limits by County and Home Type

Looking at the FHA loan limit data in Arizona, the highest FHA loan limits for a single-family home are in the following 5 counties below.

  • Maricopa – $441,600
  • Pinal – $441,600
  • Coconino – $423,200
  • Apache – $420,680
  • Cochise – $420,680

Median home sales prices in those counties were also the highest which indicates that there is an overall higher cost of living associated in those counties.

On the flip side, below are the lowest FHA loan limits in Arizona for a single-family home for the following 5 counties.

  • Yuma – $420,680
  • Yavapai – $420,680
  • Santa Cruz – $420,680
  • Pima – $420,680
  • Navajo – $420,680

As you can see there isn’t a massive variation in FHA loan limits in Arizona based by each county. This indicates that the home prices and cost of living in Arizona don’t have a large deviation.

How to Qualify For an FHA Loan in Arizona

Arizona borrowers who are interested in getting an FHA loan will have to pass standard FHA loan requirements. FHA loans in Arizona can help borrowers who have less cash and lower credit scores qualify for a mortgage. In addition, there are first-time homebuyer programs that can help borrowers qualify for a mortgage with down payment assistance options and more.

Arizona FHA Loan Requirements

If you’re a first-time homebuyer or have purchased a home in the past, below are the FHA requirements you need to meet to qualify for a mortgage.

  • FICO score at least 580 = 3.5% down payment
  • FICO score between 500 and 579 = 10% down payment
  • Mortgage insurance is required
  • DTI of less than 43%
  • The home must be the borrower’s primary residence
  • The borrower must be employed and have a steady income

How Are FHA Loan Limits Determined?

The FHA loan limits are subject to change every year. They are based on a set percentage of the conforming loan limits set by the Federal Housing Finance Agency for conventional mortgages. The conventional loan limits reflect changes in the average U.S. home prices over the last year. These limits include county-level limits for low-cost and high-cost areas.

Loan limit calculation explained:

The 2022 low-cost limit in Arizona or commonly referred to as “floor” is $420,680 for a single-family home. It is 65% of the national conforming loan limit of $647,200. Keep in mind that this is for a single-family home. The low-cost loan limit goes up with each additional unit:

  • $538,650 for a two-unit property
  • $651,050 for a three-unit property
  • $809,150 for a four-unit property

As such, if you happen to be buying a home in a more expensive part of the state, the high-cost FHA loan limits will be higher.

Arizona FHA Lenders

Below are some of the most popular FHA lenders in Arizona along with their minimum FHA credit score requirements in order to qualify.

Important Note: Some lenders may waive their minimum credit score requirement if a borrower puts down a larger down payment amount.


Will FHA loan limits increase in 2023?

FHA loan limits are based on a percentage of the conventional loan limits. If the national conforming loan limit goes up, FHA loan limits are likely to increase.

How many units can you purchase with an FHA loan?

The maximum amount of units you can purchase with an FHA loan is 4 units.