First-Time Home Buyer Guide for Arizona

Step by step

How buying your first home works in Arizona

Every purchase is a little different, but most first-time buyers follow these steps:

• Get pre-approved with a lender so you know your budget and can make strong offers
• Pick your must-haves and the areas you want to live in
• Tour homes and get a feel for prices in each neighborhood
• Make an offer, usually with an earnest money deposit
• Inspections and disclosures: Arizona purchase contracts typically include an inspection period, and sellers provide a property disclosure statement
• Appraisal and loan approval
• Close and get your keys

Money

Costs to plan for

Beyond the down payment, first-time buyers should budget for a few other costs:

• Closing costs from your lender and title company
• Earnest money when your offer is accepted
• Home inspection
• HOA fees, which are common in West Valley communities
• Moving and setup costs

Down payment assistance programs may be available to Arizona buyers. Programs and eligibility change, so ask your lender which ones you qualify for. I can connect you with lenders who work with first-time buyers every day.

Where to look

Great West Valley areas for first-time buyers

Newer communities, parks and room to grow make the West Valley a favorite for first homes. Popular places to start:

• Surprise, including Marley Park
• Peoria
• Glendale, Goodyear and Buckeye

FAQ

First-time buyer questions