Peoria Mortgage Lender

As an independent mortgage broker licensed in Arizona, Bayview Residential Brokerage helps Peoria buyers and homeowners shop the whole market instead of a single bank's rate sheet. Peoria is a fast-growing West Valley city known for its master-planned communities, spring training baseball and easy access to Lake Pleasant. We match each borrower with the lender and program that fits, then handle the loan from pre-approval to closing.

Below is a plain-English guide to financing a home in Peoria in 2026: the local market, loan limits, the programs that apply, and the neighborhoods we serve.

The Peoria housing market in 2026

Peoria has cooled along with much of the metro, opening the door for buyers. As of mid-2026 the median Peoria home price is around $534,000, down roughly 2.7% year over year, with more inventory and longer time on market than at the peak. Ongoing growth in the north Peoria area, the Peoria Sports Complex spring training draw and recreation at Lake Pleasant continue to support demand across price points.

For buyers, a softer market means more negotiating room, and the right loan program keeps the monthly payment manageable. We shop multiple lenders so you can compare pricing in one place.

Loan programs for Peoria buyers

Conventional loans. The default for buyers with solid credit, with as little as 3% down for qualified first-time buyers.

FHA loans. A lower 3.5% down payment and flexible qualifying, popular with first-time and credit-building buyers. The 2026 FHA limit in Maricopa County is $557,750 for a single-family home.

VA loans. Eligible veterans and active-duty service members can buy in Peoria with a zero-down VA loan. Zero down payment and no monthly mortgage insurance for those who qualify.

USDA loans. Zero-down financing for eligible rural communities near the metro, for buyers within the income limits.

Jumbo loans. Financing above the $832,750 conforming limit for higher-priced homes. In Peoria this mainly applies to higher-end homes in north Peoria communities like Vistancia.

Reverse mortgages. For homeowners 62 and older who want to convert equity into cash without a monthly mortgage payment.

Down payment assistance for Peoria buyers

Arizona offers real help with the down payment. The statewide HOME+PLUS program pairs a 30-year fixed mortgage with down payment and closing-cost assistance of up to 5% of the loan amount. Typical guidelines include a household income under about $112,785, a minimum credit score of 640, and a short homebuyer education course before closing, and it works with conventional, FHA, VA and USDA loans. Depending on where in Peoria you buy, additional city or county programs may also apply. We check which programs fit your income and credit, and coordinate the assistance with your loan.

Buying across Peoria

Peoria stretches from established south-Peoria neighborhoods to fast-growing communities up north. Vistancia is a large master-planned community popular with families and remote workers, Fletcher Heights offers established single-family homes, and Trilogy at Vistancia serves the active-adult market. Old Town Peoria anchors the historic core. We match the loan to the community and property type you are targeting.

How the process works with Bayview

1. Pre-approval. We review your income, credit and goals, then issue a pre-approval so you can shop with confidence and make strong offers.

2. Shop and compare. Once you are under contract, we shop your loan across our lender network and bring back the most competitive fit on rate and fees.

3. Underwriting. We manage document collection and work the file through underwriting, keeping you and your agent updated.

4. Closing. Most purchases close in about 30 days from contract. You sign, fund and get the keys.

Refinancing your Peoria home

Already own in Peoria? Refinancing can lower your rate or payment, shorten your term, or let you tap equity through a cash-out refinance for a remodel or to consolidate debt. With how much Valley home values have risen over the past several years, many local homeowners have more usable equity than they realize. We run the numbers both ways and only recommend a refinance if it actually moves you forward.

Peoria mortgage FAQs

What is the 2026 conforming loan limit in Peoria?

For 2026 the conforming limit in Maricopa County is $832,750 for a single-family home. Loans above that are jumbo loans.

How much do I need for a down payment in Peoria?

Conventional loans can start at 3% down, FHA at 3.5%, and VA and USDA can allow zero down for eligible buyers. Down payment assistance may lower your costs further.

Do you offer FHA and VA loans in Peoria?

Yes. FHA (2026 Maricopa limit $557,750) and VA loans for eligible borrowers, along with conventional, jumbo, USDA and reverse mortgages.

What down payment assistance is available in Peoria?

Arizona's HOME+PLUS program offers up to 5% in assistance for qualified buyers, and other local programs may apply.

Can you finance new construction in Peoria?

Yes. North Peoria has a lot of new construction, and we work with buyers purchasing new-build homes as well as resales.

How long does it take to close in Peoria?

Most purchase loans close in about 30 days once you are under contract.

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Nearby cities we serve

Glendale  ·  Surprise  ·  Phoenix
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Plan your numbers

Affordability calculator  ·  Mortgage calculator  ·  Refinance calculator