Arizona Down Payment Assistance Programs

How to Qualify:
* The maximum income limit is $105,291 for most programs. Click here for maximum income information for conventional HFA loans under 80% AMI
* A maximum debt-to-income of 50%.
* See various loan program requirements at their website linked below.

Program Highlights:
* There is no minimum amount that you have to provide to close. The down payment assistance can potentially cover all of your down payment and closing costs.
* No first time home buyer requirement for most programs.
* The assistance money received is a silent second that has no interest, no payment and is forgiven monthly over the first three years of home ownership. The lien is completely forgiven after you stay in the home for three years without refinancing. The purpose of the silent second is to provide stability and ensure the ongoing success of the Home Plus Assistance Program in Arizona.
* Qualified members of the U.S. military (active and Veterans) are eligible for an additional 1% of down payment assistance.

How to Qualify:
* Buy a house anywhere in Maricopa County, including in the City of Phoenix with no limit to purchase price outside of guidelines for the mortgage program you choose.
* New or existing single family homes, 2 to 4 unit homes, condos, and town homes.
* Qualify for a FHA, VA or USDA loan with a maximum debt-to-income ratio of 50%.
* Minimum FICO score is 640.
* Income from all borrowers may not exceed $105,000.
* Take a convenient homebuyer education course.

Program Highlights:
* Assistance for down payment and/or closing offered between 3% and 5%. An additional 1% is available to qualified Veterans, active duty Military, active Reservists and active National Guard.
* The Home in Five assistance money received is a silent second that has no interest, no payment and is forgiven monthly over the first three years of home ownership. The lien is completely forgiven after you stay in the home for three years without refinancing. The purpose of the silent second is to provide stability and ensure the ongoing success of the Home in Five down payment assistance program in Arizona.
* You do not have to be a first time home buyer.

How to Qualify:
* Qualify for a FHA, VA, USDA or conventional loan with a maximum debt-to-income ratio of 50%.
* Minimum FICO score is 640. Some of the different mortgage programs and down payment amount scenarios may require a higher score.
* Household income cannot exceed $105,291.
* Take a convenient homebuyer education course.

Program Highlights:
* Down payment assistance options available between 2.5% and 6%. You can choose what is best for you based on your loan scenario.
* There is no first time homebuyer requirement.
* Asssistance money received through the Pima Tucson Homebuyer’s Solution is a silent second that has no interest, no payment and is forgiven monthly over the first three years of home ownership. The lien is completely forgiven after you stay in the home for three years without refinancing. The purpose of the silent second is to provide stability and ensure the ongoing success of the down payment assistance program in Tucson and all of Pima County.