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Please contact the webmaster with any queries. The following chart is provided as a summary of the basic qualifying features of the most popular Arizona down payment assistance programs. These programs are made available to help responsible Arizona home buyers who struggle to save for a down payment buy a home with as little money out of pocket as possible. More detail of each program is provided in the content below.
The Arizona Home Plus home loan program is very popular because the funds have been consistently available over the past few years. As such, many people in Arizona have been able to achieve the pride, stability, freedom and wealth that accompanies home ownership. 36 over the term of the lien. There isn’t a minimum amount that you have to provide to close.
The down payment assistance can potentially cover all of your down payment and closing costs. No first time home buyer requirement for most programs. The assistance money received is a silent second that has no interest, no payment and is forgiven monthly over the first three years of home ownership. The lien is completely forgiven after you stay in the home for three years without refinancing.
The purpose of the silent second is to provide stability and ensure the ongoing success of the Home Plus Assistance Program in Arizona. The money continues to be consistently available. If using an FHA loan with Home Plus, the maximum loan amount depends on the FHA loan limits in your county. See various loan program requirements below. It is offered anywhere in Arizona other than Pima County.