First-time buyers · Scottsdale
Condos and townhomes in Old Town and South Scottsdale, the mid-century blocks near McCormick Ranch, and the gated communities of North Scottsdale — Chad works with first-time buyers and move-up buyers across the city. Here is how buying works in Scottsdale, what help exists, and what to do first.
Where buyers are looking in Scottsdale
Licensed statewide in Arizona — these are just the areas that come up most. Any address in Scottsdale works.
Down payment help in Scottsdale
The Arizona IDA's HOME+PLUS program is the state's workhorse down payment assistance program, and it is available in every county, city and ZIP code in Arizona. It pairs a 30-year fixed-rate first mortgage — conventional, FHA, VA or USDA — with down payment assistance delivered as a second lien that carries no monthly payment and is forgiven over a short term if you stay in the home. The assistance can go toward the down payment, closing costs or both. A statewide income limit applies, homebuyer education is part of the deal, and you do not have to be a first-time buyer.
Chad · Loan OfficerBuying in Scottsdale, specifically
Scottsdale prices push a lot of purchases past the conforming loan limit, which means a jumbo loan — and jumbo underwriting cares more about reserves, credit depth and documentation than a conventional file does. Chad maps out both paths early so the pre-approval letter you write with is the one the underwriter will honor.
Old Town and South Scottsdale condos are the realistic first-home price point, but the association has to qualify — reserves, owner-occupancy, insurance and, increasingly, how many units are short-term rentals. Chad checks the project before you fall in love with the unit.
HOME+PLUS has one statewide income limit and no purchase-price cap of its own, and Home in Five Advantage covers all of Maricopa County — so assistance is not off the table just because the address says Scottsdale. Chad runs the numbers either way.
Loan programs for Scottsdale first-time buyers
The workhorse of home financing — flexible terms, competitive costs, and down payments as low as 3% for first-time buyers.
Learn more →The first-time buyer favorite — 3.5% down, friendlier credit requirements, and forgiving guidelines for real-life finances.
Learn more →For those who served — $0 down, no monthly mortgage insurance, and some of the strongest terms in all of lending.
Learn more →$0 down for homes in eligible communities across Arizona and most of New Mexico — far more towns qualify than buyers expect.
Learn more →Arizona and New Mexico both have real down payment help — HOME+PLUS, Home in Five and Housing New Mexico programs can put thousands toward your down payment and closing costs.
Learn more →Six myths busted and the six-step path from first text to keys — the page to read before anything else.
Start here →How it works from Phoenix
Text, phone, video, secure document upload, and a closing at a title company near you. Your real estate agent and Chad talk directly at every milestone — offer-day numbers in minutes and a call to every listing agent included.
Timing varies by file and depends on receiving complete documentation. Turnaround figures are typical, not guaranteed. This is not an offer to enter into an agreement; not all customers will qualify. Rates, programs and terms are subject to change. All loans subject to credit and property approval.
Scottsdale first-time buyer questions
Scottsdale buyers can use conventional loans with 3% down, FHA with 3.5% down, VA with $0 down for eligible buyers, jumbo loans above the conforming limit, the Arizona IDA's HOME+PLUS program, and Maricopa County's Home in Five Advantage program. Only one assistance program can be used per purchase.
Only if the loan amount exceeds the conforming loan limit for Maricopa County, which changes annually. Many Scottsdale condos, townhomes and older single-family homes fit inside conforming limits; Chad tells you which side of the line a given house falls on.
Yes, if you meet the program income limits. HOME+PLUS is available statewide and Home in Five Advantage covers all of Maricopa County, including Scottsdale. Chad checks eligibility as part of pre-approval.
Yes. Chad Stallings is licensed in Arizona (NMLS #221569), which covers Scottsdale and every other city in the state, and works from Fairway Home Mortgage's Phoenix branch.
Scottsdale buyers
After that it's just a conversation. Text Chad what you're wondering about buying in Scottsdale — tonight is fine.
Applications happen on Fairway's secure site — never here. Prefer your phone? Get the FairwayNow app.
