What’s the Best Loan Type for Arizona Home Buyers?

By The Goodman Taylor Team

We want to help you live the best life you can, one where you find your dream home, move to the perfect location, or receive a life-changing deal. We’ve done this for countless clients in the past, and we’d love to do it for you too. After all, there’s a reason why we’re one of the most trusted real estate teams in our area.

Are you thinking about buying a home? Before you start looking, let’s talk about something that can make or break your deal—your financing. If you’re unsure about your loan options, you’re not alone. Many buyers feel overwhelmed when it comes to choosing the right loan. But the truth is, understanding your options is the first step toward getting into your new home with confidence.

1. Conventional loan. If you have a good credit score, low debt, and money saved for a down payment, a conventional loan may be your best option. These loans typically offer the best interest rates and terms. That means you could pay less each month and save more over time. But conventional loans also have stricter requirements, so they’re best for buyers in a strong financial position.

2. FHA loan. This works well for buyers with lower credit or less savings. If your credit score isn’t where you want it to be or you don’t have much saved, an FHA loan might be a better fit. These loans are more flexible and easier to qualify for. Even better, FHA loans can often be paired with down payment assistance programs. We’ve helped buyers get into homes with little to no money out of pocket by combining FHA loans, assistance programs, and seller concessions to cover closing costs.

3. VA loan. This type of loan is a great choice for military buyers. If you’re an active duty or a retired service member, you may qualify for a VA loan. VA loans are a powerful option because they often require no down payment and offer lower interest rates. It’s one of the best benefits available to veterans and military families.

4. USDA loan. USDA loans are available in some rural areas, so if you’re looking to buy in a rural area like Pinal County, Florence, or parts of Tonopah, a USDA loan could be an option. These loans also offer zero down payment and can be a smart choice if you’re buying outside the main metro areas.

Loan requirements and programs change all the time. That’s why it’s important to talk with a lender who understands your situation and can guide you through the best options. We work with trusted lenders who can help you get pre-qualified quickly and set you up for success.

If you’re ready to take the next step, give us a call or send us an email. We’ll help you find the right loan and get you on the path to homeownership. Call us at (480) 382-8093 or email admin@thegoodmantaylorteam.com. Let’s get you moving.