Arizona Conventional Loans 2026
Yes, Arizona buyers can get a conventional loan with as little as 3% down, and its PMI is removable at 20% equity, unlike FHA's often-permanent mortgage insurance. Conventional is often the lowest long-term cost for Arizona buyers with good credit.
Arizona's combination of low property taxes and removable PMI makes conventional loans an excellent choice. With appreciation averaging 5-7% in Phoenix metro, you can eliminate PMI faster than you think.
What are today's conventional loan rates in Arizona?
We publish conventional 30-year fixed rates daily. Here is where Arizona conventional pricing stands right now.
Today’s 30-Year Fixed (Conventional) Rate
Conventional – Primary Residence
Rate Assumptions
30 year fixed, $300k loan amount, $400k value, purchase, FICO Credit Score 759, Zipcode 95111
APR & Disclosures
The Annual Percentage Rate (APR) shown reflects the cost of credit over the loan term, including applicable fees, and is based on the assumptions above. Your actual rate and APR depend on your credit profile, loan amount, property, occupancy, and other factors. For information purposes only and does not constitute a loan approval or commitment to lend. Rates are subject to change without notice.
How does PMI work on an Arizona conventional loan?
Conventional PMI is temporary, not permanent like the mortgage insurance on an Arizona FHA loan. Phoenix metro appreciation averaging 5-7% annually means many buyers reach 80% LTV within 3-5 years and can then drop PMI. Our guide walks through strategies for canceling PMI on a conventional loan.
Request Removal at 80% LTV
Get a new appraisal showing 20%+ equity
Auto-Cancel at 78% LTV
PMI terminates automatically per federal law
Arizona Appreciation Advantage
Phoenix ranked top 10 for appreciation 2020-2025
2026 Arizona Conventional Loan Limits
Loans above these limits require jumbo financing.
| County | 2026 Limit | Type |
|---|---|---|
Maricopa (Phoenix) | $832,750 | Standard |
Pima (Tucson) | $832,750 | Standard |
Pinal | $832,750 | Standard |
Yavapai (Prescott) | $832,750 | Standard |
Coconino (Flagstaff) | $832,750 | Standard |
Mohave | $832,750 | Standard |
Verified as of July 2026 (FHFA/HUD)
How much down payment do I need for a conventional loan in Arizona?
Conventional loans in Arizona start at just 3% down for qualified buyers. Here are the most common down payment options and how PMI scales with each. Before you shop, it helps to lock in an Arizona pre-approval.
3% Down
HomeReady/Home Possible for income-qualified buyers. Can combine with HOME Plus assistance.
5-10% Down
Sweet spot for Arizona buyers. Manageable PMI with strong equity position.
20%+ Down
No PMI, best rates. Common with relocation buyers and retirees.
Estimate Your Arizona Monthly Payment
Arizona's 2026 conforming loan limit is $832,750 for a single-unit home. Adjust the price, down payment, rate, and term to see your full monthly payment. You can also see how conventional compares with Arizona's other loan programs.
Monthly Payment Calculator
Calculate your estimated monthly mortgage payment including taxes, insurance, and HOA dues
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Reviewed by Emmett Clark
NMLS #233747 • 20+ Years Experience • Arizona Conventional Specialist
"Phoenix appreciation has been exceptional. I've had clients eliminate PMI in under 3 years simply through appreciation, not extra payments. Combined with Arizona's low property taxes, conventional loans often beat FHA on total monthly cost for buyers with decent credit."
Arizona Conventional Loan FAQs
What is the conventional loan limit in Arizona for 2026?
Arizona conventional conforming limits for 2026 are $832,750 for a single-family home in every county, including Maricopa (Phoenix) and Pima (Tucson). Loans above this limit require jumbo financing.
When can I remove PMI on an Arizona conventional loan?
Request PMI removal when your LTV reaches 80% through payments or appreciation. PMI auto-cancels at 78% LTV. Arizona's strong appreciation in Phoenix metro often enables early PMI removal.
What credit score do I need for a conventional loan in Arizona?
Most Arizona conventional loans require 620 minimum. For best rates and lowest PMI, aim for 740+. Scores of 680-739 get competitive rates.
How do Arizona property taxes affect my payment?
Arizona property taxes average just 0.6-0.7%, among the lowest in the nation. This makes your total monthly payment significantly lower than similar homes in high-tax states.
Is conventional or FHA better for Arizona buyers?
Conventional is typically better with 720+ credit and 5%+ down because PMI is removable. FHA works better for lower credit or 3.5% down. Arizona's low taxes make both options affordable.
Explore Other Arizona Loan Options
Get Your Conventional Loan Quote
Connect with Emmett directly. Quick response, personalized guidance for your Arizona home purchase.
Why Contact Emmett?
- ✓ Local Arizona market expertise
- ✓ Access to 240+ wholesale lenders
- ✓ Same-day pre-qualification available
- ✓ No obligation, free consultation
From the blog & learning center
Conventional Loan Guides & Articles
What Is PMI and How Do I Get Rid of It?
Private mortgage insurance (PMI) is a monthly charge added to conventional loans when you put down less than 20%. On most conventional loans it cancels automatically once you reach 22% equity, and you can request removal at 20%.
Read more
2026 Conforming Loan Limits by County: High-Cost Areas in the 18 States I Serve
The 2026 baseline conforming loan limit is $832,750, but 9 of the 18 states I'm licensed in have counties with higher limits — here's the exact figure for every above-baseline county.
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Down Payment Assistance Programs by State
Most states offer some form of down payment assistance, and many buyers qualify without realizing it.
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Down Payment Reality Check: How Much You Actually Need
You don't need 20% down to buy a house.
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How Much Down Payment Do You Need for a Conventional Loan?
The 20% rule is a myth. On a conventional loan you can put down as little as 3% as a first-time buyer or 5% otherwise, with 5% required on high-balance loans. Here is how to find your real down payment number.
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How to Buy a House With Little Money Saved
You can buy a home with very little saved by combining a low or zero down payment loan with down payment assistance and seller-paid or lender-paid closing costs.
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