Are you a first-time homebuyer seeking your slice of paradise in Arizona? Look no further. This guide is your compass to uncovering affordable homeownership options in the enchanting Southwest. Delve into specialized assistance programs and resources crafted exclusively for Arizona residents. From tailored down payment assistance to favorable mortgage solutions, confidently navigate the Arizona real estate market.
State-Wide Programs
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
Home Plus | Up to 5% of the home loan that can be used for down payment assistance | Any homebuyer that can meet income requirements | Second mortgage |
Pathway to Purchase | Up to $20,000 in down payment and closing costs assistance | Any homebuyer that can meet credit score requirements | Grant |
Regional Programs
County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Maricopa | Home in Five Advantage Program | Up to 5% of the home loan that can be used for down payment and closing costs assistance | Any homebuyer that can meet income requirements | Second mortgage |
Maricopa | Individual Development Account (IDA) | Up to $22,000 in down payment and closing cost assistance | Resident first time homebuyer in Maricopa or Pinal County and can meet income requirements | Grant |
Pima | Homebuyer's Solution Program | Up to 6% of home loan that can be used for down payment assistance | Any homebuyer that can meet credit score requirements | Forgivable second mortgage |
Pima | WISH Down Payment Assistance | Up to $22,000 in down payment assistance | Any homebuyer that can meet income requirements | Second mortgage |
Pima | HOME Downy Payment Assistance | Up to 10% of home loan that can be used for down payment assistance | Any homebuyer that can meet income requirements | Second mortgage |
Pinal | Individual Development Account (IDA) | Up to $22,000 in down payment and closing cost assistance | Resident first time homebuyer in Maricopa or Pinal County and can meet income requirements | Grant |
City Programs
City | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Avondale | Avondale First Time Homebuyer Program | Up to $30,000 in down payment assistance | First time homebuyers that can meet income requirements | Forgivable loan with a 0% interest rate |
El Mirage | Homebuyer Assistance Program | Up to $10,000 in down payment and closing cost assistance | First time homebuyers | Not specified |
Flagstaff | (CHAP) Community Housing Assistance Program | Up to $15,000 in down payment and closing cost assistance | Resident first time homebuyers that can meet income requirements | Deferred loan |
Flagstaff | Employer Assisted Housing (EAH) Program | Up to $10,000 in down payment and closing cost assistance | Homebuyers that are currently employed by the city of Flagstaff for at least 1 year | Forgivale, deferred loan |
Mesa | NSP Homeownership Program | Up to $5,000 in closing costs assistance and $40,000 in down payment assistance | Any homebuyer that can meet income requirements | Forgivable loan with a 0% interest rate |
Mesa | HOA Program | Up to $30,000 in down payment assistance or as a second mortgage | Any homebuyer that can meet income requirements | Deferred second mortgage |
Mesa | Down Payment and Closing Cost Program | Up to $2,500 in down payment and closing cost assistance | Any homebuyer that can meet income requirements | Second mortgage |
Phoenix | Section 32 Homeownership Program | Down payment and closing costs assistance - amount not specified | Any homebuyer that can meet income requirements | Grant |
Phoenix | Open Doors Homeownership Program | Up to $15,000 in down payment and closing costs assistance | Any homebuyer that can meet income requirements | Forgivable loan with a 0% interest rate |
Tempe | Community Assisted Mortgage Program (CAMP) | Down payment and closing cost assistance loan | First time homebuyers that can meet income requirements | Loan with a 0% interest rate |
Tempe | WISH Program | Up to $22,000 in down payment assistance | First time homebuyers who meet income requirements and buy a Community Land Trust (CLT) home from Newtown | Grant |
Tucson | Homebuyer's Solution Program | Up to 6% of home loan that can be used for down payment assistance | Any homebuyer that can meet credit score and property requirements | Forgivale loan |
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