By Kim Franke-Folstad

(Last Updated – 06/2025)

First-time homebuyers in Arizona are facing many of the same challenges as buyers across the rest of the country — including high costs. But perhaps they are feeling the pinch even more. The median selling price of an Arizona home hit $440,600 in June 2025, down just 3.1% year over year in the year’s first quarter, after rising consistently during the second half of 2025, Redfin reported. In some popular Arizona communities, the numbers soar higher still. For example, in Scottsdale, the home sale price median is currently $861,520.

The median home sale price in the U.S. is $438,357, according to Redfin data, just below the Arizona median.

Wherever they are coming from, first-time homebuyers may feel as if the keys to their first homes are dangling further out of reach, but fortunately, they may be able to get financial help through programs offered by the state and some counties. Some longstanding federal programs could also improve a buyer’s chances of success. These programs can help prospective homebuyers save on their down payment, mortgage, and closing costs.

Who Is Considered a First-Time Homebuyer in Arizona?

For a number of Arizona’s home mortgage loan programs, you’re considered a first-time buyer if you haven’t owned a home in the last three years. It’s a good idea, though, to be clear on each program’s specific eligibility standards before you start the application process.

It’s a good idea, though, to be clear on each program’s specific eligibility standards before you start the application process.

💡 Quick Tip: Thinking of using a mortgage broker? That person will try to help you save money by finding the best loan offers you are eligible for. But if you deal directly with an online mortgage lender, you won’t have to pay a mortgage broker’s commission, which is usually based on the mortgage amount.

5 Arizona Programs for First-Time Homebuyers

Most first-time homebuyer programs in Arizona are designed to help low- to moderate-income buyers working to come up with a down payment and/or closing costs when they purchase a house. Generally, that assistance comes in the form of a second mortgage that is fully forgiven if the buyer stays in the home for a set amount of time (usually three years).

During that time, buyers don’t have to make a monthly payment or pay interest on the second loan. But if they sell the home before the full three years is up, they will be required to repay a portion of the assistance they received.

Participants must meet limits regarding their income, credit scores, and debt-to-income ratio. Typically, the home must be the buyer’s primary residence, and there may be limits on how much the home can cost. Also, at least one of the buyers may be required to complete a homebuyer education course.

Read on for details about Arizona’s homebuyer programs.

1. Home+Plus Down Payment Assistance Program

The Arizona Industrial Development Authority’s Home+Plus Home Buyer Down Payment Assistance
Program offers qualifying buyers a 30-year fixed-rate mortgage paired with up to 4% down payment assistance (DPA) to use toward the down payment and/or closing costs.

Depending on your eligibility and the home you plan to buy, you may have the option of choosing from different types of mortgages, including an FHA, VA, USDA, Fannie Mae, or Freddie Mac home loan.

Availability: Statewide

Assistance Amount: Up to 5% of the home’s purchase price

Type of Assistance: Second mortgage, fully forgiven after five years in the home

Benefits and Qualifications Include:

•   Annual income can’t be more than $146,503

•   All borrowers must have a minimum credit score of 620

•   Maximum DTI ratio allowed is 45% (50% in some cases)

•   Mortgage insurance is required if the first mortgage is a Fannie Mae or Freddie Mac loan and the down payment is under 20%, but the cost may be lower than for coverage outside the Home+Plus program

•   You don’t have to be a first-time homebuyer to qualify

•   At least one borrower must complete a homebuyer education course before the loan closes

To Apply: If you’re interested in Home+Plus assistance, a good first step may be to find a participating lender that is familiar with the program and can take you through the process.

2. Home in Five Advantage and Home In Five Platinum programs

Home in Five Advantage and Home in Five Platinum are offered to low- to moderate-income homebuyers in Arizona’s Maricopa County. Qualified borrowers can receive assistance with their down payment and closing costs, as well as a loan with a competitive interest rate.

Eligible K-12 teachers, first responders, military personnel and veterans, and individuals who earn up to $49,500 annually may receive an additional 1% in assistance.

Availability: Maricopa County, city of Phoenix

Assistance Amount: Up to 6% of the home’s purchase price

Type of Assistance: Second mortgage, fully forgiven after three years in the home

Benefits and Qualifications Include:

•   Annual income can’t be more than $141,820

•   All borrowers must have a credit score of 640 or above (680 for some loan types)

•   Maximum DTI ratio allowed is 50%

•   No maximum purchase price

•   At least one borrower must complete a homebuyer education course

•   Buyers must occupy the purchased home as their principal residence within 60 days of closing

•   Must be a new or existing single-family home, condominium, or townhome

Homebuyers in designated low-income neighborhoods may receive an additional 0.5% in assistance through the Home in Five Advantage BOOST program. Your lender can help you check your eligibility for this extra support.

To Apply: A trained loan officer with an approved lender can help you get started.

3. Pima Tucson Homebuyer’s Solution Program

The Pima Tucson Homebuyer’s Solution Program (PTHS) is provided by the Industrial Development Authority of the county of Pima and the City of Tucson. The program offers qualified homebuyers multiple first 30-year fixed mortgage options (including FHA, VA, USDA, Freddie Mac, and Fannie Mae loans) along with a forgivable second mortgage that can be used for a down payment (typically 2% to 5%) and closing costs.

Availability: Pima County and city of Tucson

Assistance Amount: Available at multiple levels

Type of Assistance: Assisted and unassisted rate mortgages and second mortgage, fully forgiven after three or 30 years

Benefits and Qualifications Include:

•   There is neither a first-time homebuyer nor purchase price qualification

•   Typical income cap is $126,351

•   Minimum credit score of 640 and maximum DTI of 45%

•   Buyers must occupy the property as their principal residence

•   Borrowers must complete a homebuyer education course

To Apply: Contact an approved lender.

4. Tucson Pima County HOME Down Payment Assistance Program

Qualified homebuyers in Tucson and Pima County can receive down payment assistance through the Community Investment Corporation’s HOME Down Payment Assistance Program Assistance is based on family size and household income.

Availability: Pima County and City of Tucson

Assistance Amount: Up to 20% of purchase price

Type of Assistance: Second mortgage; forgiveness depends on loan amount and duration

Benefits and Qualifications Include:

•   Maximum income of $101,550, depending on family size

•   Maximum DTI of 45%

•   Maximum purchase prices of $333,925 for existing homes; $389,491 for new properties

•   No cash assets over $10,000 and homebuyer must contribute at least $1,000 of their own funds to the purchase and have the equivalent of two months’ worth of mortgage payments on reserve in the bank

•   Buyers must occupy the property as their principal residence during the affordability period

•   Borrowers must complete a homebuyer education course

•   Inspection of property typically required

To Apply: Contact one of these approved counseling agencies for more information and assistance:

•   Administration of Resource and Choices

•   Chicanos Por La Causa

•   Family Housing Resources

•   Pima County Community Land Trust

•   Pio Decimo Center

•   Primavera Foundation

5. Mortgage Credit Certificate Program

Borrowers can use a mortgage credit certificate (MCC) to claim a portion of their annual mortgage interest, dollar for dollar, up to $2,000, as a federal tax credit every year for the life of their loan.

Applicants must be first-time homebuyers (you can’t have owned a home within the past three years) unless you’re a qualified military veteran or buying in a designated area. The nonprofit Community Investment Corporation administers the MCC program; income and purchase price limitations may vary by county.

To Apply: You can apply for the credit certificate when you take out a home loan through a state-approved participating lender. You can schedule an appointment with Arizona’s Community Investment Corporation (CIC) to learn more. The organization is not always accepting applications, so check back.

Federal Programs for First-Time Homebuyers

A number of federal government programs exist for people with low credit scores or limited down payment funds. Although they are sometimes for repeat homeowners, these national programs can be very helpful for people who are buying a first home or who haven’t owned a home in several years.

The mortgages are generally for single-family homes, two- to four-unit properties that will be owner occupied, approved condos, townhomes, planned unit developments, and some manufactured homes.

Federal Housing Administration (FHA) Loans

The FHA, a part of the U.S. Department of Housing and Urban Development (HUD), insures mortgages for borrowers with lower credit scores. Homebuyers choose from a list of approved lenders participating in the FHA loan program. Loans offer competitive interest rates and require down payments of 3.5% of the purchase price. Borrowers typically need FICO® credit scores of 580 and up. A buyer with a score as low as 500 must put down 10% or more.

FHA loan limits in 2025 range from $524,225 for single units to $1,008,300 for four-unit properties, with higher limits in high-cost areas.

In addition to looking at your credit score, lenders will examine your debt-to-income ratio (DTI, or your monthly debt payments compared with your monthly gross income). FHA allows a DTI of up to 57%, vs. a typical 45% maximum for a conventional loan.

Gift money for the down payment is allowed from certain donors and will be documented in a gift letter for the mortgage.

FHA loans always require mortgage insurance premiums (MIP): This includes a fee of 1.75% of the base loan amount, which can be rolled into the loan, upfront. Borrowers also carry annual premiums for the life of the loan. As of 2025, monthly MIP for new homebuyers is 0.15% to 0.75%. A down payment of at least 10% allows the removal of mortgage insurance after 11 years. For a $300,000 mortgage balance, upfront MIP would be around $5,250 and monthly MIP, at a rate of 0.55%, would be about $137.

To learn more about these loans, including FHA loans for refinancing and rehabbing properties, read up on FHA requirements, loan limits, and rates.

Freddie Mac Home Possible Mortgages

Low- and very low-income borrowers may make just a 3% down payment on a HomePossible® mortgage. These loans allow various sources for down payments, including co-borrowers, family gifts, employer assistance, secondary financing, and sweat equity.

The Home Possible mortgage is for buyers who have a credit score of at least 660. Once you pay 20% of your loan, the Home Possible mortgage insurance will be canceled, which will lower your mortgage payments.

Fannie Mae HomeReady Mortgages

Fannie Mae HomeReady^® Mortgages allow down payments as low as 3% for low-income borrowers. Applicants generally need a credit score of at least 620; pricing may be better for credit scores of 680 and above. Like the Freddie Mac program, HomeReady loans allow flexibility for down payment financing, such as gifts and grants.

For income limits, a comparison to an FHA loan, and other information, go to this Fannie Mae site.

Fannie Mae Standard 97 LTV Loan

The conventional 97 LTV loan is for first-time homebuyers of any income level who have a credit score of at least 620 and meet debt-to-income criteria. The 97% loan-to-value mortgage requires 3% down. Borrowers can get down payment and closing cost assistance from third-party sources.

Department of Veterans Affairs (VA) Loans

Active members of the military, veterans, reservists, and surviving spouses who are eligible may apply for loans backed by the Department of Veterans Affairs. These loans designed for those who serve our country can be used to buy, build, or improve homes, have lower interest rates than most other mortgages and don’t require a down payment. Most borrowers pay a one-time funding fee that can be rolled into the mortgage.

Another VA loan advantage is that they do not require PMI for borrowers who make a down payment of less than 20%. And they have more flexible credit score requirements. In some cases, even those who have previously been in foreclosure or bankruptcy can qualify.

They have more flexible credit score requirements. In some cases, even those who have previously been in foreclosure or bankruptcy can qualify.

Borrowers applying for a VA loan will need a Certificate of Eligibility from the VA so make sure to review a guide to qualifying for a VA loan as a first step in the process.

💡 Quick Tip: Active duty service members who have served for at least 90 consecutive days are eligible for a VA loan. But so are many veterans, surviving spouses, and National Guard and Reserves members. It’s worth exploring with an online VA loan application because the low interest rates and other advantages of this loan can’t be beat.†

Native American Veteran Direct Loans (NADLs)

Eligible Native American veterans and their spouses may use these no-down-payment loans to buy, improve, or build a home on federal trust land. The VA is the direct lender on NADLs and charges a funding fee. Learn more by emailing [email protected].

US Department of Agriculture (USDA) Loans

No down payment is needed on these loans to moderate-income borrowers that are guaranteed by the USDA in specified rural areas. Borrowers will pay an upfront guarantee fee and an annual fee that serves as mortgage insurance.

The USDA also issues direct loans to low- and very low-income people. Check out this USDA website for eligibility requirements.

HUD Good Neighbor Next Door Program

This program helps police officers, firefighters, emergency medical technicians, and teachers qualify for mortgages in the areas they serve. Borrowers can receive 50% off a home in what HUD calls a “revitalization area.” They must live in the home for at least three years.

Visit the HUD program page for more information.

First-Time Homebuyer Stats for 2025

Ever wonder where you fit amid the mix of buyers who are out there shopping for a home? Here are some stats to consider:

•   Percentage of buyers nationwide who are first-time buyers: 24%

•   Median age of first-time homebuyers: 38

•   Median down payment percentage for first-time homebuyers: 9%

•   Average credit score in Arizona: 712

•   Median single-family home value for Arizona properties: $434,739

•   Average home price per square foot in Arizona: $252

Recommended: Understanding Mortgage Basics

Additional Financing Tips for First-Time Homebuyers

In addition to federal and state government-sponsored lending programs, there are other financial strategies that may help you as a homebuyer in Arizona. Some examples:

•  Traditional IRA withdrawals. The IRS allows qualifying first-time homebuyers a one-time, penalty-free withdrawal of up to $10,000 from their IRA if the money is used to buy, build, or rebuild a home. A first-time homebuyer, for the purposes of IRA withdrawals, is someone who has not owned a principal residence in the last two years. You will still owe income tax on the IRA withdrawal. If you’re married and your spouse has an IRA, they may also make a penalty-free withdrawal of $10,000 to purchase a home. The downside, of course, is that large withdrawals may jeopardize your retirement savings.

•  Roth IRA withdrawals. Because Roth IRA contributions are made with after-tax money, the IRS allows tax- and penalty-free withdrawals of contributions for any reason as long as you’ve held the account for five years. You may also withdraw up to $10,000 in earnings from your Roth IRA without paying taxes or penalties if you are a qualifying first-time homebuyer and you have had the account for five years. With accounts held for less than five years, homebuyers will pay income tax on earnings withdrawn.

•  401(k) loans. If your employer allows borrowing from the 401(k) plan that it sponsors, you may consider taking a loan against the 401(k) account to help finance your home purchase. With most plans, you can borrow up to 50% of your 401(k) balance, up to $50,000, within a 12-month period without incurring taxes or penalties. You pay interest on the loan, which is paid into your 401(k) account. You usually have to pay back the loan within five years, but if you’re using the money to buy a house, you may have up to 15 years to repay.

•  State and local down payment assistance programs. Usually offered at the regional or county level, these programs provide flexible second mortgages for first-time buyers looking into how to afford a down payment.

•  The mortgage credit certificate program. First-time homeowners and those who buy in targeted areas can claim a portion of their mortgage interest as a tax credit, up to $2,000. (This doesn’t lower your mortgage payments, but can still be a good way to save.) Any additional interest paid can still be used as an itemized deduction.

To qualify for the credit, you must be a first-time homebuyer, live in the home, and meet income and purchase price requirements, which vary by state. If you refinance, the credit disappears, and if you sell the house before nine years, you may have to pay some of the tax credit back. There are fees associated with applying for and receiving the mortgage credit certificate that vary by state. Often the savings from the lifetime of the credit can outweigh these fees.

•  Your employer. Your employer may offer access to lower-cost lenders and real estate agents in your area, as well as home buying education courses.

•  Your lender. Always ask your lender about any first-time homebuyer grant or down payment assistance programs available from government, nonprofit, and community organizations in your area.

The Takeaway

If you can qualify for one of the many homebuyer programs in Arizona, or a federal program, you may be able to achieve your goal of purchasing a property, despite housing costs being above the national average. You may also want to look into what commercial lenders offer to see what your options are in terms of covering your down payment, mortgage, and closing costs.

By Walecia Konrad

(Last Updated – 06/2025)

If you’re house hunting in California, you don’t need anyone to tell you that buying a home is a pricey endeavor.

The median home sale price in the state was $860,300 in June 2025, and while that figure was up just 0.1% year over year for the state, it is still nearly two times the national median home sales price of $438,357, both figures according to Redfin.

Fortunately, California has an active first-time homebuyer assistance program, and federal and other programs provide a helping hand to prospective homeowners, too. This kind of backup can help make owning a piece of the Golden State a reality instead of just a dream.

7 California Programs for First-Time Homebuyers

The California Housing Finance Agency(CalHFA) offers both conventional and government-backed first mortgages. Down payment and/or closing cost assistance is available in many of the programs.

For all of the loans listed below, buyers must have a minimum credit score of 640, 660, or 680, depending on certain factors, and meet income limits . Homebuyer education counseling is required by one occupying household member.

California Housing mortgages can be used for single-family homes, condominiums, planned unit developments, manufactured housing, and in some cases, guesthouses and accessory dwelling units.

Here’s a closer look at the agency’s programs for first-time homebuyers.

1. CalHFA FHA Loan

This program offers a 30-year fixed-rate mortgage to first-time buyers. The CalHFA FHA loan can be combined with the CalHFA down payment assistance programs. In addition to the requirements listed above, debt-to-income limits may apply.

2. CalPLUS FHA Loan

The CalPLUS FHA loan is a 30-year fixed-rate FHA loan with a slightly higher interest rate than the FHA loan listed above. It can be paired with CalHFA Zero Interest Program (ZIP) for closing cost assistance.

3. CalPLUS Access FHA

The CalPLUS Access FHA loan is an FHA-insured 30-year first mortgage with a slightly higher fixed interest rate than CalHFA’s standard FHA program. CalPLUS Access FHA is combined with MyAccess for closing costs or down payment assistance.

4. CalHFA VA Loan

The CalHFA VA loan is a 30-year, fixed-rate VA mortgage available to veterans who can show a valid certificate of eligibility. Borrower requirements may differ slightly from the CalFHA programs; qualifying veterans may need to make no down payment.

5. CalHFA USDA Loan

The CalHFA USDA loan is a 30-year fixed-rate mortgage loan guaranteed by the USDA. It can be combined with the MyHome Assistance Program and the MyHome and School Program for down payment and closing cost assistance for first-time homebuyers. The USDA has its own income limits, which may be more restrictive than CalHFA limits. (See below for more information on USDA loans.)

6. CalHFA Conventional Loan

The CalHFA Conventional loan is a 30-year, fixed-rate loan insured through private mortgage insurance instead of the government. Buyers must meet the same requirements as CalHFA government-backed loans listed above.

7. CalPLUS Conventional Loan

The CalPLUS Conventional loan is a 30-year, fixed-rate loan with a slightly higher interest rate than a CalHFA conventional loan. It can be paired with the CalHFA ZIP program to help homebuyers cover closing costs.

8. MyHome Down Payment Assistance

The MyHome Assistance program works with CalHFA government and conventional first mortgages. Borrowers of government-backed mortgages can apply for a junior loan of up to 3.5% of the home purchase price (or the appraised value, whichever is less) to help with down payment and closing costs. Payments are deferred until you sell the home, refinance your mortgage, or pay your mortgage in full.

Conventional loan borrowers may be eligible for a MyHome loan as well. But in this case the junior loan is up to 3% of the home purchase price (or appraised value, whichever is less).

Recommended: First-Time Homebuyer Guide

How to Apply to California Programs for First-Time Homebuyers

The California Housing Finance Agency website provides details on each of its mortgage, down payment, and closing costs programs. Also on the website is an interactive tool that buyers can use to determine if they are eligible for CalHFA programs and if so, which program might best suit their situation.

The agency does not lend directly, but does list participating lenders . It’s especially important for first-time buyers, who may be unfamiliar with the mortgage lending process, to compare interest rates, fees, and other costs among lenders to find the most affordable loan.

Recommended: Understanding the Different Types of Mortgage Loans

Federal Programs for First-Time Homebuyers

A number of U.S. government-sponsored programs exist for people with low credit scores or limited down payment funds. They are sometimes meant for repeat homeowners, but these national programs can also be very helpful for people who are buying their first home, or who haven’t owned a home in several years.

These mortgage programs are generally for single-family homes, two- to four-unit properties that will be owner occupied, approved condos, townhomes, planned unit developments, and some manufactured homes.

Federal Housing Administration (FHA) Loans

The FHA, which is part of the U.S. Department of Housing and Urban Development (HUD), insures mortgages for borrowers with lower credit scores. Homebuyers choose from a list of approved lenders participating in the FHA loan program.

•   Loans have competitive interest rates and require a down payment of 3.5% of the purchase price for borrowers, who typically need FICO® credit scores of 580 and higher. Those with lower credit scores (as low as 500) must put down at least 10%.

•   In addition to examining your credit score, lenders will look at your debt-to-income ratio (DTI, your monthly debt payments compared with your monthly gross income). FHA allows a DTI of up to 57%, vs. a typical 45% maximum for a conventional loan.

•   Gift money for the down payment is allowed from certain donors and will be documented in a gift letter for the mortgage.

•   FHA loans always require mortgage insurance premiums (MIP): This includes a fee of 1.75% of the base loan amount, which can be rolled into the loan, upfront. Borrowers also carry annual premiums for the life of the loan. As of 2025, monthly MIP for new homebuyers is 0.15% to 0.75%. A down payment of at least 10% allows the removal of mortgage insurance after 11 years. For a $300,000 mortgage balance, upfront MIP would be around $5,250 and monthly MIP, at a rate of 0.55%, would be about $137.

You can learn more about these loans, including FHA loans for refinance and rehab of properties, by reading up on FHA requirements, loan limits, and rates.

Freddie Mac Home Possible Mortgages

Very low- and low-income borrowers may make a 3% down payment on a Home Possible^® mortgage. These loans allow various sources for down payments, including co-borrowers, family gifts, employer assistance, secondary financing, and sweat equity.

The Home Possible mortgage is for buyers who have a credit score of at least 660. Once you’ve paid off 20% of your loan, the Home Possible mortgage insurance can be canceled, which will lower your mortgage payments.

Fannie Mae HomeReady Mortgages

Fannie Mae HomeReady^® Mortgages allow down payments as low as 3% for low-income borrowers. Applicants generally need a credit score of at least 620; pricing may be better for credit scores of 680 and above. Like the Freddie Mac program, HomeReady loans allow flexibility for down payment financing, such as gifts and grants.

For income limits, a comparison to an FHA loan, and other information, go to this Fannie Mae site .

Fannie Mae Standard 97 LTV Loan

The conventional 97 LTV loan is for first-time homebuyers of any income level who have a credit score of at least 620 and meet debt-to-income criteria. The 97% loan-to-value mortgage requires 3% down. Borrowers can get down payment and closing cost assistance from third-party sources.

Department of Veterans Affairs (VA) Loans

Eligible active-duty members of the military, veterans, reservists, and surviving spouses may apply for loans backed by the Department of Veterans Affairs. These loans designed for those who serve our country can be used to buy, build, or improve homes, have lower interest rates than most other mortgages and don’t require a down payment.

•   Most borrowers pay a one-time funding fee that can be rolled into the mortgage.

•   VA loans do not require private mortgage insurance (PMI) for borrowers who make a down payment of less than 20%.

•   These loans have more flexible credit score requirements. In some cases, even those who have experienced foreclosure or bankruptcy can qualify.

Borrowers applying for a VA loan will need a Certificate of Eligibility from the VA so make sure to review a guide to qualifying for a VA loan as a first step in the process.

💡 Quick Tip: Active duty service members who have served for at least 90 consecutive days are eligible for a VA loan. But so are many veterans, surviving spouses, and National Guard and Reserves members. It’s worth exploring with an online VA loan application because the low interest rates and other advantages of this loan can’t be beat.†

Native American Veteran Direct Loans (NADLs)

Eligible Native American veterans and their spouses may use these no-down-payment loans to buy, improve, or build a home on federal trust land. Unlike VA loans listed above, the Department of Veterans Affairs is the mortgage lender on NADLs. (Contact them at [email protected].) The VA requires no mortgage insurance, but it does charge a funding fee.

US Department of Agriculture (USDA) Loans

No down payment is required on these loans to moderate-income borrowers that are guaranteed by the USDA in specified rural areas. Borrowers pay an upfront guarantee fee and an annual fee that serves as mortgage insurance.

The USDA also directly issues loans to low- and very low-income people. For loan basics and income and property eligibility, head to this USDA website.

HUD Good Neighbor Next Door Program

This program can help police officers, firefighters, emergency medical technicians, and teachers qualify for mortgages in the areas they serve. Borrowers can receive 50% off a home in what HUD calls a “revitalization area.” They must live in the home for at least three years.

Go to the HUD program page.

California First-Time Homebuyer Stats for 2025

This is a snapshot of the recent home-buying experience in California.

•  Median home sale price: $860,300

•  3% down payment: $25,809

•  20% down payment: $172,060

•  Average credit score (vs. 715 nationwide): 722

By Kelly Boyer Sagert

(Last Updated – 06/2025)

Georgetown University in Washington, D.C. is one of the leading academic and research institutions in the U.S. This guide will provide insights into the university’s admissions requirements, the Georgetown acceptance rate, tuition, financial aid, and more.

Total Cost of Attendance

In 2024-25, Georgetown University tuition for both in-state and out-of-state students was $68,017, which is more than the national average of $41,540 at private colleges.

Financial Aid

Georgetown University is need-blind, which means it accepts students regardless of their financial circumstances.

In 2022-23, 48% of first-time, full-time undergraduates received some kind of financial aid, including student loans. More specifically:

•  Grant or scholarship aid: 36% of students received this type of aid with an average award of $46,729.

•  Federal grants: 9% of students received this type of aid with an average award of $9,279.

•  Pell grants: 9% of students received this type of aid with an average award of $5,338.

•  Other federal grants: 5% of students received this type of aid with an average award of $8,008.

•  State/local: 1% of students received this type of aid with an average award of $1,733.

•  Institutional: 35% of students received this type of aid with an average award of $45,594.

•  Student financial aid: 20% of students received this type of aid with an average amount of $10,480.

•  Federal student loans: 19% of students received this type of aid with an average amount of $3,383.

•  Other student loans: 4% of students received this type of aid with an average amount of $39,527.

Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

•  Scholarships: Scholarships can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

•  Grants: Grants are generally based on financial need. These can come from federal, state, private, or nonprofit organizations.

•  Work-study: Federal Work-Study provides qualifying students with part-time employment to earn money for expenses while in school.

•  Federal student loans: Federal student loans are money borrowed directly from the U.S. Department of Education. They come with fixed interest rates that are typically lower than private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA®) to determine financial aid eligibility. The FAFSA can be completed online, but note that state, federal, and school deadlines may differ.

You can find other financial aid opportunities on databases such as:

•  U.S. Department of Education – Search for grants from colleges and universities by state

•  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

Recommended: The Differences Between Grants, Scholarships, and Loans

Private Student Loans

In 2022-23, 4% of Georgetown students received this type of aid with the average amount of $39,527.

Private student loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations, so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: Guide to Private Student Loans

Projected 4-Year-Degree Price

In 2024-25, Georgetown tuition and fees was $69,217 per year. Four years at this price would equal $276,868. As a point of comparison, the average cost for a private four-year university in the U.S. is $166,160 in tuition and fees.

Recommended: Washington D.C. Student Loan & Scholarship Information

Undergraduate Tuition and Fees

In 2024-25, the cost of tuition, fees, books, and supplies was $69,217.

Graduate Tuition and Fees

The cost of tuition and fees in 2024-25 were $61,670 at Georgetown University. There are graduate loans available to help with these costs.

Cost per Credit Hour

In 2025-26, the undergraduate costs per credit hour at Georgetown is $2,964. Graduate students will pay $2,652 per credit hour.

Campus Housing Expenses

First year students can stay in a residence hall or in one of the 14 Living Learning Communities. Students can also apply to the Capitol Applied Learning Lab (CALL) program where they’ll live in Washington D.C. while interning during the day and taking night classes.

Graduate students can live in Georgetown’s graduate housing, which is located a few blocks from the U.S. Capitol. Or they can rent an apartment off campus.

Georgetown University Acceptance Rate

Getting into Georgetown University is quite competitive, as the acceptance rate is just 13%.

Admission Requirements

You can apply to Georgetown here . The Early Action due date is November 1 of the prior year, and Regular Decision applications are due on January 10 of the academic year.

Along with their application, students will need to provide transcripts, a teacher’s recommendation, and the results of either the SAT or ACT. Academics are the most important consideration in the admissions process, but personal qualities and accomplishments outside of the classroom are also key.

SAT and ACT Scores

Applicants need to submit either SAT or ACT test scores.

In fall 2023, 75% of applicants submitted SAT scores and 33% submitted ACT scores. The 25th and 75th scores were:

Popular Majors at Georgetown University

In 2023-24, 1,857 undergraduates received degrees. Here are some of the most popular majors at Georgetown.

1. International Relations and Affairs

Specializations in this program include culture and politics, global business, international economics, international history, international political economy, international politics, regional and comparative studies, and science, technology, and international affairs.

Undergraduate degrees in 2023-24: 283

2. Finance

Undergraduates receive in-depth education in corporate finance, financial institutions, real estate, financial statement analysis, and more. Finance graduates often accept employment with commercial and investment banks, or in business or government.

Undergraduate degrees in 2023-24: 216

3. Political Science and Government

Curriculums include theoretical and practical aspects in four key areas: American government, comparative government, international relations, and political theory. Courses focus on ethics, justice, rights, and more.

Undergraduate degrees in 2023-24: 173

4. Econometrics and Quantitative Economics

Students receive an education in the tools and language needed to understand economics at a local, national, and global level. This degree will provide a sound foundation for those wishing to pursue more education in the field.

Undergraduate degrees in 2023-24: 155

5. Psychology

Undergraduates are taught historical and theoretical perspectives along with a range of modern psychology approaches: biological, clinical, cognitive, cultural, and social. They also receive education in social science research.

Undergraduate degrees in 2023-24: 87

6. Political Economy

Undergraduates delve into the “rich intersection between economics and politics” as they examine political, social, and economic factors that play a role in the production, exchange, and distribution of goods and services.

Undergraduate degrees in 2023-24: 65

7. International Business

Undergraduates focus on regional studies or international political economy/business. Students learn how to apply skills in accounting, finance, marketing, management, and operations in cross-cultural ways.

Undergraduate degrees in 2023-24: 52

8. Computer Science

Georgetown University’s Bachelor of Science in Computer Science combines rigorous theoretical foundations — such as algorithms, data structures, and computer architecture — with hands-on software development and systems coursework.

Undergraduate degrees in 2023-24: 43

9. English Language and Literature

In this program, students develop their abilities as readers and writers with an emphasis placed on critical thinking, textural and contextual interpretation, effective speaking, and more. This major is often connected to other disciplines for a broader education.

Undergraduate degrees in 2023-24: 43

10. Biomedical Sciences

Georgetown’s Bachelor of Science in Biology with a concentration in Biomedical Sciences combines rigorous coursework in molecular biology, genetics, biochemistry, and physiology with a strong foundation in chemistry, physics, and mathematics.

Undergraduate degrees in 2023-24: 33

Georgetown Graduation Rate

Graduation rates for those that began in fall 2017 are as follows:

•  4 years: 87%

•  6 years: 94%

Post-Graduation Median Earnings

Georgetown graduates earn a median of $103,494 a year, compared to the average for graduates of other four-year colleges of $68,680.

By Kelly Boyer Sagert

(Last Updated – 06/2025)

Chapman University is a four-year private research university located in Orange, California. This educational institution offers certificates as well as degrees ranging from bachelor to doctoral degrees.

Read on to learn about Chapman University acceptance rates and admission requirements, tuition and fees, popular majors, and much more.

Total Cost of Attendance

In 2024-25, Chapman University tuition for both in-state and out-of-state students was $64,984, which is more than the national average of $41,540 at private colleges.

Financial Aid

In 2022-23, 91% of students received financial aid with 87% of them receiving grants and/or scholarships. More specifically they received:

•  Federal grants: 20% with an average award of $7,996.

•  Pell grants: 20% with an average award of $5,378.

•  Other federal grants: 13% with an average award of $3,957.

•  State/local government grant/scholarships: 16% with an average award of $9,204.

•  Institutional grants/scholarships: 87% with an average award of $29,786.

•  Student loan aid: 76% with an average award of $7,210.

•  Federal student loans: 76% with an average award of $5,669.

•  Private student loans: 4% with an average award of $29,793.

Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

•  Scholarships: Scholarships can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

•  Grants: Grants are generally based on financial need. These can come from federal, state, private, or nonprofit organizations.

•  Work-study: Federal Work-Study provides qualifying students with part-time employment to earn money for expenses while in school.

•  Federal student loans: Federal student loans are money borrowed directly from the U.S. Department of Education. They come with fixed interest rates that are typically lower than private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA®) to determine financial aid eligibility. The FAFSA can be completed online, but note that state, federal, and school deadlines may differ.

You can find other financial aid opportunities on databases such as:

•  U.S. Department of Education – Search for grants from colleges and universities by state

•  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

Recommended: The Differences Between Grants, Scholarships, and Loans

Private Student Loans

At Chapman University, 76% of students take out federal student loans and 4% take out private student loans. The average private student loan is $29,793.

Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations, so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: Guide to Private Student Loans

Projected 4-Year-Degree Price

Using Chapman University figures from 2024-25, a four-year degree would cost $259,936 in tuition and fees. As a point of comparison, the average cost for a private four-year university in the U.S. is $166,160 in tuition and fees. This makes Chapman’s tuition 56% higher than the national average.

Recommended: California Student Loan & Scholarship Information

Undergraduate Tuition and Fees

In 2024-25, the cost of tuition, fees, books, and supplies was $66,584.

Graduate Tuition and Fees

The cost of tuition and fees in 2024-25 was $39,868 at Chapman University. There are graduate loans available to help with these costs.

Cost per Credit Hour

If you’re looking to attend school as a part-time undergraduate student, it would cost you $2,008 per credit at Chapman University.

Campus Housing Expenses

Freshmen are assigned to one of five learning communities for housing, while six residence halls and apartment buildings are available for sophomores and upperclassmen.

They offer a guide to off-campus living , categorizing options by how far they are from campus.

Chapman Acceptance Rate

Admission Requirements

When applying to Chapman University, here’s what you’ll need to submit with your application.

Required:

•  High school academic record

•  Letters of recommendations

•  Essay

Optional:

•  SAT/ACT scores

•  Work experience

Application deadlines are:

•  November 1 (before the academic year) for early action non-binding deadline

•  November 1 (before the academic year) for early decision binding deadline

•  January 15 of the academic year for regular decisions

You can apply to Chapman here .

SAT and ACT Scores

Chapman University has a test-optional policy. If you’d like to forward SAT or ACT scores, do so by the application deadlines above.

Twenty-four percent of applicants chose to submit SAT scores in Fall 2023 with these percentiles (25th and 75th):

Popular Majors at Chapman University

In 2023-24, Chapman University awarded 1,936 bachelor’s degrees during that academic year. The university offers around 50 majors, with the most popular being:

1. Business Administration and Management

Undergraduates receive a strong liberal arts education with a focus on business applications, including accounting, economics, finance, management, marketing, quantitative methodologies, and more.

Undergraduate degrees in 2023-24: 422

2. Cinematography and Film/Video Production

Undergraduates learn about all filmmaking aspects and will specialize in one of their choices. Using state-of-the-art equipment in professional facilities, students make a thesis film for their portfolio.

Undergraduate degrees in 2023-24: 159

3. Psychology

Besides education in clinical psychology, students will get hands-on lab and field research experience and have opportunities to make a difference.

Undergraduate degrees in 2023-24: 155

4. Health Services Administration

This bachelor’s degree combines behavioral and health sciences to give students a broad understanding of today’s health care needs.

Undergraduate degrees in 2023-24: 103

5. Speech Communication and Rhetoric

Students in this program learn how to communicate effectively in a variety of contexts, and they participate in at least one hands-on internship.

Undergraduate degrees in 2023-24: 96

6. Business/Corporate Communications

This degree prepares undergraduates for purposeful real-world communications with a focus on advancing an organization’s mission and vision.

Undergraduate degrees in 2023-24: 85

7. Political Science and Government

Political science students learn about American institutions and processes, from local, state, and national governments to media and special interests groups.

Undergraduate degrees in 2023-24: 60

8. Business/Managerial Economics

This degree empowers students to understand economics and apply them to real-world business scenarios. They also learn the skills of clear communication.

Undergraduate degrees in 2023-24: 57

9. Education

Chapman University provides students with an outstanding foundation for teachers, healthcare professionals, and more in schools and communities.

Undergraduate degrees in 2023-24: 54

10. Public Relations, Advertising, and Applied Communication

This bachelor’s degree prepares undergraduates to connect businesses with their audiences, and is a good foundation for work in advertising/PR agencies, nonprofits, and more.

Undergraduate degrees in 2023-24: 44

Learn more about the fields of study you can major in at Chapman here .

Graduation Rate

For students who began their studies in the fall of 2017, the graduation rate was:

•  4 years: 71%

•  6 years: 80%

Post-Graduation Median Earnings

Chapman graduates have median earnings of $70,070, compared to a national average of $68,680.

By Kelly Boyer Sagert

(Last Updated – 06/2025)

Georgia Institute of Technology, commonly called Georgia Tech, is a public school known for its focus on research, especially in its high-ranking engineering and computing programs.

Keep reading for an overview of Georgia Tech tuition costs, housing expenses, acceptance rate, popular majors, and more.

Total Cost of Attendance

For the 2024-25 school year, Georgia Tech tuition for in-state students was $12,058. Nonresidents pay $34,484 for Georgia Tech out-of-state tuition. These rates are slightly higher than the national averages of $11,260 for public four-year institutions (for in-state residents) and $29,150 (for out-of-state residents).

Financial Aid

A full 73% of Georgia Tech students receive financial aid, whether that is through independent or Georgia Tech scholarships, grants, or student loans. Georgia Tech is need-blind for in-state tuition only, meaning the institution does not consider an applicant’s ability to pay for their education when reviewing applications.

Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

•  Scholarships: Scholarships can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, or financial need.

•  Grants: Grants are generally based on financial need. These can come from federal, state, private, or nonprofit organizations.

•  Work-study: Federal Work-Study provides qualifying students with part-time employment to earn money for expenses while in school.

•  Federal student loans: Federal student loans are money borrowed directly from the U.S. Department of Education. They come with fixed interest rates that are typically lower than private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA®) to determine financial aid eligibility. The FAFSA can be completed online, but note that state, federal, and school deadlines may differ.

You can find other financial aid opportunities on databases such as:

•  U.S. Department of Education – Search for grants from colleges and universities by state

•  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

Recommended: The Differences Between Grants, Scholarships, and Loans

Private Student Loans

While 21% of students take out federal student loans to help with the Georgia Tech cost, 4% take out private student loans, which average $16,554.

Private student loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations, so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, as it generally may have better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: Guide to Private Student Loans

Projected 4-Year-Degree Price

The cost for a four-year degree at Georgia Tech, including books, tuition, and all other expenses, would be approximately $118,664, making the Georgia Tech cost just slightly higher than the national average of $115,360.

Georgia Tech out-of-state tuition, books, room and board, and other fees add up to $208,368 for four years. This is higher than the national average of $186,920 for four years.

Recommended: Georgia Student Loan & Scholarship Information

Undergraduate Tuition and Fees

Georgia Tech tuition, fees, books, and supplies totaled $12,858 for in-state students in 2024-25. For out-of-state students, the total was $35,284.

Graduate Tuition and Fees

Georgia Tech grad students paid a total of $15,962 for in-state tuition and fees in the 2024-25 school year, while the out-of-state tuition and fees for grad students was $32,144.

There are many options for graduate loans that can help with these costs.

Cost per Credit Hour

Undergraduate tuition at Georgia Tech is charged as a flat fee, either for a course load of six hours or less, or one of six hours or more.

However, graduate students may pay per credit hour. For one to 11 credit hours, the cost per credit hour is $601 for in-state students and $1,276 for out-of-state students.

Campus Housing Expenses

*Based on one-bedroom pricing. Average rate based on available apartments on Georgia Tech’s off-campus housing website in 2025.

Students at Georgia Tech have the option to live in traditional, suite, or apartment-style rooms in one of 48 resident halls in Atlanta. Freshmen are not required to live on campus, though many do. Freshmen have the opportunity to participate in a First-Year Experience Program, which helps them build community and meet like-minded students.

For Georgia Tech students who opt to live off campus , there are many nearby apartment buildings to choose from.

Georgia Tech Acceptance Rate

The Georgia Tech acceptance rate is just 16%, which means the admissions requirements can be rigorous.

Admission Requirements

The Georgia Tech admissions officers review applications looking for certain criteria, some of which are required and others recommended.

Required:

•  High school transcript

•  Personal essays

•  SAT or ACT scores

Recommended:

•  Counselor or teacher recommendation

•  Work experience

The deadline for Early Action 1 (for Georgia students only) is October 15, and the deadline for Early Action 2 (for out-of-state students) is November 3. The Regular Decision deadline is January 5, with a decision given by the end of March.

SAT and ACT Scores

SAT or ACT scores are required with applications. Here are the scores at the 25th and 75th percentile at Georgia Tech.

Popular Majors at Georgia Tech

Georgia Tech has six colleges with 39 different undergrad majors. These are the most popular undergraduate majors.

1. Computer Science

The most popular field of study at Georgia Tech is computer science. Students learn fundamentals in programming and computational theory, and they then get to select two “Threads,” which deepen their understanding of the field. These Threads include Computing and Devices, Information Internetworks, Intelligence, Media, Modeling, People, Systems and Architecture, and Theory.

Undergraduate degrees in 2023-24: 1,021

2. Mechanical Engineering

In this program, students learn the fundamentals of mechanical engineering, as well as design, creativity, and hands-on learning. They also have the opportunity to participate in co-op, internships, study abroad, and undergraduate research.

Undergraduate degrees in 2023-24: 437

3. Business Administration

Business administration students learn how to apply the fundamentals of subjects like accounting, finance, general management, leadership, marketing, operations, and supply chain management to real-world situations.

Undergraduate degrees in 2023-24: 351

4. Industrial Engineering

The industrial engineering degree combines mathematics, physical sciences, and business applications. Students can choose a specialization such as Advanced Studies in Operations Research and Statistics, Analytics and Data Science, Economic and Financial Systems, Operations Research, Quality and Statistics, Supply Chain Engineering, or General Industrial Engineering.

Undergraduate degrees in 2023-24: 346

5. Biomedical Engineering

The Bachelor of Science degree in biomedical engineering provides a solid foundation in engineering, math, and sciences, as well as a deep understanding of the humanities, social sciences, and communications. Students learn problem-based learning methods and gain experience working within a team.

Undergraduate degrees in 2023-24: 266

6. Chemical & Biomolecular Engineering

Undergraduates have the option to focus on biotechnology or biomolecular engineering in this program. There are also opportunities to dive deeper into areas of interest as well as participate in faculty-directed research.

Undergraduate degrees in 2023-24: 183

7. Computer Engineering

Yet another engineering option for students is computer engineering. Students can customize their degree program to include electives like Computer Architecture; Embedded Systems and Software; Design Tools, Test, and Verification; Distributed Systems and Software; and VLSI Design.

Undergraduate degrees in 2023-24: 157

8. Electrical Engineering

Electrical engineering students can take electives in Analog Electronics, Bioengineering, Systems and Controls, Electronics Packaging, Optics and Photonics, Electromagnetics, and more. In this program, they’ll learn problem-solving, team building, and innovation.

Undergraduate degrees in 2023-24: 145

9. Biology

The biology program offers interdisciplinary courses like Bio-Inspired Design, Bioethics, Biophysics, and more. Students go on to work in academia, for the government, or for private companies. Many continue their studies by attending graduate programs.

Undergraduate degrees in 2023-24: 121

10. Civil Engineering

Civil Engineering students can select a specialization area, including Construction Engineering, Environmental and Water Systems, Geotechnical Systems, Structural Systems, or Transportation Systems.

Undergraduate degrees in 2023-24: 101

Graduation Rate

Here are the graduation rates for Georgia Tech students pursuing bachelor’s degrees who began in fall 2017.

•  4 years: 57%

•  6 years: 92%

Post-Graduation Median Earnings

Upon graduation, Georgia Tech students earn on average $102,772 per year. This is significantly higher than the national average for undergraduates of $68,680 a year.