VA Purchase 100% Financing in Phoenix, AZ

Maricopa County is working through an inventory overhang that has meaningfully shifted negotiating leverage toward buyers. With 20,421 active listings and a median days on market of 74, this is one of the highest-inventory environments we have tracked in the Phoenix metro since 2011. The median sale price of $475,000 is down 3.1% year-over-year, and the 97.6% sale-to-list ratio confirms that sellers are making concessions to secure closings.

For borrowers, this translates directly into opportunity. Rate buydowns funded by sellers are commonplace in Maricopa right now — we are regularly seeing 1-0 and 2-1 temporary buydowns that bring effective first-year rates 150-200 basis points below the note rate. The $806,500 conforming loan limit comfortably covers the vast majority of Maricopa transactions, keeping financing fully conventional. Scottsdale and Paradise Valley continue to transact above the conforming ceiling, where our jumbo programs are particularly active.

Maricopa County attracts a diverse mix of corporate relocations, retirees from higher-cost states, and remote workers drawn by Arizona's tax climate and lifestyle. We see strong W-2 volume from professionals in the financial services, semiconductor, and healthcare sectors anchored by major employers. The self-employed and 1099 segment is growing rapidly as Phoenix's entrepreneurial ecosystem matures. Investor demand for short-term rentals near Scottsdale and Mesa has sustained DSCR loan activity despite the rate environment.