The Arizona Housing Finance Authority's HOME Plus program offers creditworthy homebuyers a 30-year fixed-rate mortgage, as well as down payment assistance grant that can be applied towards the down payment on the home, or its closing costs.

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HOME Plus Home Loan Program

Financial Assistance for Homebuyers in Arizona

The Arizona Housing Finance Authority’s (AzHFA) HOME Plus program offers creditworthy homebuyers a 30-year fixed-rate mortgage, as well as down payment assistance grant that can be applied towards the down payment on the home, or its closing costs.

For a buyer to be eligible, the property must be their primary residence. Their annual income must not exceed $92,984. The property price limit must not exceed $371,936. Every applicant is required to complete an HUD-approved, homebuyer education course.

HOME Plus Program Highlights
  • The mortgage for the purchase of an owner occupied, primary residences in Arizona.
  • The borrower's Income must not to exceed $92,984.
  • The purchase price is limited at $371,936.
  • Each borrower must complete a homebuyer education course before closing.   The homebuyer education requirement may be met by taking a pre purchase course through an internet-based program developed by mortgage insurance companies, such MGIC or Genworth Financial or through another HUD-approved homebuyer education provider.  
The ADOH’s HOME Plus down payment assistance program provides the applicable assistant in a grant. Since no promissory note, warranty deed or lien is filed and there are no repayment terms, requirements, etc. no additional or specific program guidance on TRID requirements is necessary for our ADOH HOME Plus participating lenders. The lender will need to follow any and all regulatory requirements relating to the underlying first mortgage. 

The amount of down payment assistance is based on the underlying mortgage type (Fannie Mae, Freddie Mac, FHA, USD-RD, and VA). The amounts vary from 2% to 5%. 

Qualified U.S. military personnel, Veterans, active duty military, active reservists and active members of the National Guard are eligible for an additional 1.00% of down payment assistance. This additional 1% is available on any mortgage type, increasing the DPA by an additional 1%. Subject to change at any time, this allocation is limited and available on a first come, first serve basis.

Down Payment Grants in Arizona

Family Housing Resources of Arizona offers a down payment assistance program for low to moderate income borrowers. The program assists homebuyers with 3.5% of the purchase price on a property in Pima County of Tucson, but only up to the sum of $3,700.

The Arizona Housing Finance Authority's HOME Plus program offers creditworthy homebuyers a 30-year fixed-rate mortgage, as well as down payment assistance grant that can be applied towards the down payment on the home, or its closing costs.

The Pathway to Purchase Down Payment Assistance program offers a 30-year fixed-rate mortgage, with a second-mortgage as down payment assistance , which is a five-year lien against the property at 0% interest. The program is strictly limited to 17 Arizona municipalities.