Most Arizona buyers do not put 20 percent down. First time buyers average closer to 8 to 10 percent. Here is what conventional, FHA, VA, and USDA loans actually require in Phoenix and Scottsdale in 2026. Pillar Mortgage Group, NMLS #2700076
Every situation is different, so we work with a full menu of loan products, from conventional and government-backed to specialty programs, and match you with exactly the right financing for where you are and where you want to go.
Whether you are buying your first home, a vacation property, or an investment, we have the right loan and the expertise to close it cleanly.
The gold standard for buyers with solid credit and steady income. Conventional loans offer flexible terms, no upfront mortgage insurance with 20% down, and work for primary residences, second homes, and investment properties.
Backed by the Federal Housing Administration, FHA loans are designed to help buyers with lower credit scores or smaller down payments get into a home. One of the most accessible paths to homeownership available today.
A benefit earned through service. VA loans offer some of the most powerful terms available in the mortgage market, with no down payment, no private mortgage insurance, and highly competitive rates.
For properties above the conforming loan limit, jumbo loans require custom underwriting and a stronger financial profile, while offering the same speed and clarity you expect from PMG.
If your home has appreciated, you have built a powerful financial tool. A Home Equity Line of Credit lets you access that equity on a flexible draw schedule. Use it when you need it, and pay it down as you go.
Refinancing is not always the right move, but when it is, it can dramatically improve your financial picture. We run the numbers honestly and tell you exactly when a refi makes sense for your specific situation.
Asset-based lending for real estate investors, fix-and-flip buyers, new construction projects, and deals that do not fit traditional underwriting. Speed and flexibility are the priority, and we can close in as little as 7 to 10 days.
Not every borrower fits inside the box, and that is okay. Non-QM programs are built for self-employed buyers, investors, and borrowers with complex income or recent credit events who still deserve excellent financing.
That is exactly what we are here for. A short conversation is all it takes to find your best path forward.
A side-by-side look at the key differences between our most popular loan products. Every situation is unique, so ask us for a personalized comparison.
| Loan Type | Min. Down Payment | Min. Credit Score | PMI Required | Best For |
|---|---|---|---|---|
| Conventional Popular | 3% | 620+ | No, at 20% down | Strong-credit buyers, investors, second homes |
| FHA | 3.5% | 580+ | Yes, for life of loan | First-time buyers, lower credit scores |
| VA Benefit | 0% | Flexible | No | Veterans, active military, surviving spouses |
| Jumbo | 10 to 20% | 700+ | Varies | High-value homes above conforming limits |
| HELOC | Uses existing equity | 620+ | No | Homeowners needing flexible access to equity |
| Refinance | Existing equity required | 620+ | Depends on equity | Current homeowners lowering a rate or taking cash out |
Note: The above represents general guidelines. Actual requirements may vary by lender, market conditions, and individual loan scenario. Contact us for a personalized assessment.
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