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.

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May 23, 2019
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Pathway to Purchase Down Payment Assistance

Financial Assistance for Homebuyers in Arizona

The Arizona Department of Housing (ADOH) working with the Arizona Home Foreclosure Prevention Funding Corporation (AHFPFC) has put together the Pathway to Purchase program. This program assists individuals who have suffered from foreclosures and are now buying homes within the 26 targeted zip codes in 12 Arizona Cities. 

Available Assistance
The “P2P” Down Payment Assistance program offers a 30-year fixed-rate mortgage, with a second-mortgage as down payment assistance (DPA), which is a five-year lien against the property at zero interest. The maximum assistance offered is $20,000.

Eligibility Requirements
ADOH has requirements that potential homebuyers must meet to be eligible for the P2P program:
  • They must use the home as their primary residence.
  • Their annual income must not exceed $92,984.
  • The purchase price of the property cannot be higher than $371,936.
  • The program is only available on Fannie Mae HFA Preferred Mortgages.
  • Applicants must complete a HUD-approved homebuyer education course before purchase.
The P2P Program is strictly limited to the following cities:
Bull Head City, Casa Grande, Glendale, Green Valley, Kingman, Phoenix, Rio Rico, Sahuarita, Sierra Vista, Tucson, Vail, and Yuma.

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but States and Local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price and income limits.

(Note: All information listed above was accurate at the time of publication and may no longer be current. Visit the program website for updated information.) spacer

Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in Arizona

Family Housing Resources of Arizona offers the HOME 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 assistance funds 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.

The Pima Tucson Homebuyer’s Solution Program offers down payment assistance to homebuyers. This can go a long a way toward helping to cover out-of-pocket expenses associated with a mortgage transaction that many first-time homebuyers could not afford otherwise.

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