See our Rates Call us
District Lending Logo
Buy
Home Purchase
Why District
Read about all the benefits
Process overview
Simplified and easy to understand
Apply now
Start your application
Get a quote
See your rate with no commitment
Perks
Free refinance for 3 years
Refinance with no closing costs
No closing costs
Zero costs options, what it means
Realtor credits
Get .5% towards your closing costs
18 Day closing
2X more likely to get your offer accepted
Price match guarantee
We beat competitors’ rates by .125% or more
Rate defense
Never miss out on rates dropping
Refinance
Rates
About
Reviews
Hear from our customers
Contact
Answers within 2 business hours
Meet the crew
Our experts, mission, and values
Careers
Join us in making a difference
Learn
Blog
Our knowledge at your convenience
Mortgage secrets
Short videos with tips&tricks
Video library
A short description can be here
Calculator
Calculate your mortgage payment
  • FHA Loans-Tucson, AZ

    If you are looking for the perfect city to move to with a new home purchase, then it will be tough to top Tucson, AZ. Part of the greater metropolitan area of Phoenix, this city could be the place where your dream of homeownership comes true. It is far more affordable than many of the nearby cities, with a median sale price of $333,000.

    Perhaps there are limits on your ability to afford a house. Fortunately, with FHA loans from the ideal lender at District Lending, you can secure the funding needed to cover the purchase price.

    get a FREE quote
  • What is an FHA Loan?

    FHA loans are insured by the federal government, specifically the Federal Housing Administration. By backing these FHA loans, a lender can take on more risk and lower their limits for approving an FHA mortgage. This allows borrowers to take advantage of several benefits.

    Reduced Credit Requirement

    A conventional mortgage typically requires a credit score of at least 620 for approval. An FHA mortgage, on the other hand, could be granted to a borrower with a score as low as 500.

    Lower Down Payment

    Another advantage of an FHA mortgage is not having to put as much money down upfront. FHA loans it easier to afford a new home in Arizona even if you have limited savings. First-time homebuyer programs can also help, such as the state-run Home PLUS initiative or the HOME Down Payment Assistance program. District Lending can provide you with more details.

    Lower Interest Rates

    The interest rate will determine the cost of the mortgage over the term length. FHA loans have lower average interest rates that make the mortgages more affordable for those with limited earnings. This benefit is one of the most significant for FHA loans.

    The best rates come with the best deal.

    get a quote

    What Affects My Payments?

    How much you will be paying each month and throughout the mortgage term will depend on multiple factors. Here are a few things that will impact your loan payments.
    • Credit Scores

      As mentioned previously, your credit history plays an important role in obtaining an FHA mortgage. It can also affect your monthly payment since a better score gives you access to favorable interest rates.

      Bear in mind that the more money you pay at the beginning of the mortgage, the lower the total cost of the loan will be. This will lower the monthly premiums for your primary residence and allow you to save on interest.

    • Financial Status

      Lenders who opt for FHA loans have limits on who can be approved for a mortgage. A debt-to-income ratio must be low enough to show that the borrower can cover payments for the home, and anything higher than 50% is not likely to be accepted. Additionally, the lender will look at bank statements, tax returns, pay stubs, and other documents to analyze your financial status. Lower-income families should look into the Pima Tucson Homebuyer’s Solution program to make their dream homes more affordable.

    • Closing Costs

      When the contract is ready to be signed, closing fees come into play. FHA loans feature similar fees to conventional mortgages, so expect to pay between 3-6% of the total cost of the home at signing.

    Tools From District Lending

    Get Pre-Qualified
    Pre-approval for an FHA mortgage can help you make quicker offers, which is a significant advantage in any real estate market, especially in a somewhat competitive area like Tucson. The right lender can get this process moving quickly so you can secure a mortgage ASAP.
    Pre-Approval
    Mortgage Calculator
    Feel like you need to know more about competitive rates and what you can afford? Play around with our mortgage calculator to test different mortgage scenarios before applying for an FHA loan.
    Calculate Payments
    Refinance
    Have you built equity in your current home after securing an FHA mortgage? Refinancing might be a great way to take advantage of that equity and a stronger credit score. Talk with a lender to find out your options for refinancing an FHA mortgage.
    Refinancing

    Serving the community of Tucson, AZ and the surrounding area

    • Phoenix
    • Tucson
    • Scottsdale
    • Sedona

    Know exactly what to expect from your loan

    Get a free loan quote today and leave the guesswork behind.
    get a FREE quote
    • No documents required.
    • No commitment.
    • No hidden costs.
    Get your free loan quote
    Buy
    Home Purchase
    Why District
    Read about all the benefits
    Process overview
    Simplified and easy to understand
    Apply now
    Start your application
    Get a quote
    See your rate with no commitment
    Perks
    Free refinance for 3 years
    Refinance with no closing costs
    No closing costs
    Zero costs options, what it means
    Realtor credits
    Get .5% towards your closing costs
    18 Day closing
    2X more likely to get your offer accepted
    Price match guarantee
    We beat competitors’ rates by .125% or more
    Rate defense
    Never miss out on rates dropping
    Refinance
    Rates
    About
    Reviews
    Hear from our customers
    Contact
    Answers within 2 business hours
    Meet the crew
    Our experts, mission, and values
    Careers
    Join us in making a difference
    Learn
    Blog
    Our knowledge at your convenience
    Mortgage secrets
    Short videos with tips&tricks
    Video library
    A short description can be here
    Calculator
    Calculate your mortgage payment
    Apply nowGet a quote