That's what FHA demanded back in the day to avoid PMI. Now 3.5% down for FHA loan is not, still not a bad deal. But the average house is through the roof in Arizona. The average house in Maricopa county is running about $550,000. 3.5% of 550,000. You're nearing 20,000. How many people in the generation, my generation right below me, around their 30s, has $20,000 for a down payment? (10:13–10:17)
CLAIM
Asserts that the average house price in Maricopa County is approximately $550,000.
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