All Articles — Tempe

If you’re looking to buy a home in Tempe, one of the most important steps is understanding the types of home‑loan options you can use. Tempe’s housing market draws a mix of first‑time buyers, move‑up buyers, and investors, and each group can qualify for different loan programs. Knowing what’s available helps you focus on the right path instead of feeling confused by all the terms lenders throw around.

Conventional loans are the most common for Tempe buyers with solid credit and steady income. These loans are not backed by the federal government, which means they usually follow strict rules on down payment, credit score, and debt‑to‑income ratio. In Tempe, many buyers choose a 15‑ or 30‑year fixed‑rate conventional loan because it locks in the interest rate for the life of the loan, making monthly payments easier to plan.

If you can put down 20% or more, you may avo...