Home Loans in Tempe, Arizona
Local mortgage guidance in Tempe
Buying or refinancing in Tempe
Tempe sits between Phoenix and the East Valley and is home to Arizona State University, so its housing mix includes condos and townhomes near campus as well as established single-family neighborhoods in south Tempe.
Condo purchases come with their own checklist, including whether the project meets the loan program’s guidelines, so it helps to know early which option fits. Tempe is also a common choice for investors and for parents buying a home near ASU.
Programs Tempe buyers use most
Areas we serve around Tempe
Tempe mortgage questions
Can I use an FHA loan to buy a condo in Tempe?
Only if the condo project is approved for FHA financing or qualifies for a single-unit approval. Many Tempe condo buyers use conventional financing instead. Jeremy checks the project's eligibility early, before you are deep into the purchase.
Can parents buy a home near ASU for a student?
Yes. Parents can buy a home for a child attending school, and some loan programs treat it like a second home or allow it as an owner-occupied purchase for a family member. The right structure depends on who lives there and who is on the loan.
Do I need a larger down payment for a Tempe investment property?
Usually, yes. Investment property loans generally require at least 15 to 25% down, depending on the program and number of units. A DSCR loan can qualify the property on its rent instead of your personal income.
Is it worth refinancing a south Tempe home I have owned for years?
It can be if rates are lower than your current rate, if you want a shorter term, or if you want to remove mortgage insurance. Jeremy compares your current payment and remaining interest with the new loan, including closing costs, to show the break-even point.