Pathway to Purchase Down Payment Assistance
Financial Assistance for Homebuyers in Arizona
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.
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.)
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
Arizona Homebuyer Down Payment Assistance: HOME+PLUS
The HOME+PLUS Home Buyer Down Payment Assistance Program offers creditworthy renters who cannot afford the down payment and or closing costs the funds to move forward.
Family Housing Resources Down Payment Assistance
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.
HOME Plus Program
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.
Maricopa County Home in Five Advantage Program
Maricopa County offers eligible applicants the Home in Five Advantage program. This program helps low- and moderate-income individuals and families buy a home with down payment and closing cost assistance.
Pathway to Purchase Down Payment Assistance
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.
Pima Tucson Homebuyer’s Solution Program
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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