Buying & Affordability
Do I need 20% down to buy a home in Scottsdale?
Not necessarily. Depending on eligibility, buyers may have several low- and no-down-payment strategies available, including low-down-payment conventional financing, FHA financing and down-payment-assistance options. Even some jumbo financing allows qualified borrowers to purchase with as little as 10% down.
By Virginia Fargo, Mortgage Loan Originator, NMLS #299320 · Last reviewed October 13, 2026
The best choice isn't automatically the smallest down payment
I compare the monthly payment, mortgage insurance, interest rate, cash required to close and long-term costs so you can understand the tradeoffs between programs. A smaller down payment can free up savings for closing costs, repairs and emergencies — but it may come with a higher monthly payment or mortgage insurance.
What down payment do higher-priced homes require?
For higher-priced homes, don't automatically assume 20% down. Some jumbo financing options allow qualified borrowers to purchase with 10% down — on a $1.5 million Scottsdale home, that's the difference between $300,000 and $150,000 committed to the down payment. Eligible medical professionals may even qualify for physician mortgage financing with no down payment and no monthly PMI.
Cash after closing matters too
Buying a home comes with expenses beyond closing day — moving, furniture, repairs, maintenance and emergencies. One of my priorities with buyers is discussing cash after closing, not just cash needed to close. Getting the keys shouldn't mean leaving yourself with $100 in the bank.
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Published guide on nohasslehomeloans.com · Sep 16, 2026
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