Arizona’s assistance comes from a mix of statewide and county programs, mostly as down payment help that is forgiven or repaid when you sell.
What is different in Arizona
- Home Plus, from the Arizona Industrial Development Authority, pairs a first mortgage with down payment assistance statewide.
- Home in Five Advantage, from the Maricopa County IDA, offers down payment assistance in Maricopa County.
- Pima County and Tucson run their own programs for buyers there.
- Income limits and maximum prices apply, and most programs require a homebuyer education course.
Questions
What grants are available for first-time homebuyers in Arizona?
Mostly down payment assistance that is forgiven over time or repaid when you sell, through Home Plus statewide and county programs such as Home in Five Advantage. Amounts and limits change, so I check what is open when you apply.
Can I get a loan as a first-time homebuyer in Arizona?
Yes: conventional 3%-down programs, FHA, VA and USDA all work in Arizona, and the state and county programs can add help with the down payment.
Do I have to be a first-time buyer for Arizona assistance?
Not always. Some programs are open to repeat buyers within the income limit; others require that you haven’t owned a home in the past three years. See also: First-time buyers.
Related
- First-time buyers
- Pre-qualification vs pre-approval
- Home affordability calculator
- Closing costs and cash to close calculator
First-time homebuyer programs in other states: California, Florida, Ohio. All of Arizona: mortgage loans in Arizona.
