Gift funds for a down payment in Arizona 2026: who can give, the gift letter, how to document the transfer, and the $19,000 IRS annual exclusion. Fannie Mae allows the full down payment as a gift on a one unit home. Pillar Mortgage Group.
Closing costs when buying a house in Arizona in 2026: lender fees, title and escrow (about $1,365 lender policy and $1,624 escrow on $500,000 in Maricopa), prepaids, and seller credit limits by loan type. Pillar Mortgage Group.
In Arizona, you generally need a 620 credit score for a conventional loan and 580 for an FHA loan with 3.5% down. Here are the 2026 minimums by loan type from Pillar Mortgage Group, NMLS #2700076.
Straight answers on buying, refinancing, and selling a home in Scottsdale, Phoenix, and across Arizona, from Blake Hermann, Director of Lending at Pillar Mortgage Group (NMLS #2271358).