The Home Plus Down Payment Assistance Program for Arizona homebuyers
Down Payment Assistance for Arizona HomeBuyers… Available in every County, City, and Zip Code!
What is HOME+PLUS
The social and economic benefits of homeownership are many. Homeownership creates an asset that can provide increased wealth through equity, increase future borrowing power, and help to achieve self-reliance. And while new Arizona homebuyers are facing many headwinds in today’s market, their greatest challenge is saving enough for a down payment.
The Arizona ida HOME PLUS Home Buyer Down Payment Assistance Program seeks to eliminate the down payment hurdle. Offering a pathway to homeownership and giving creditworthy renters who can qualify for a mortgage but cannot afford the down payment and or closing costs, the funds to move forward.
The HOME PLUS Home Buyer Down Payment Assistance Program provides a 30-year fixed-rate mortgage combined with down payment assistance (DPA) ranging from 0% – 5% depending upon the new underlying first mortgage. The DPA can be used toward the down payment, closing costs, or a combination of the two.
Home Plus Program Highlights
Available statewide, all Counties, all Cities, within Arizona.
Borrower(s) annual income not to exceed $126,351.00
One borrower must complete a
homebuyer education course before closing.
Reduced mortgage insurance premiums
on conventional (Fannie/Freddie) mortgages.
More than 300 lenders across Arizona offer the Home Plus DPA Program