What is HOME+PLUS

Down Payment Assistance for Arizona HomeBuyers…
Available in Every County, City, and Zip Code!

The social and economic benefits of homeownership are many.  A home creates an asset that provides the ability to create wealth, borrow, and achieve self-reliance.  Plus, renters may actually realize monthly savings on buying vs. renting. Yet with rents rising faster than wages, and high levels of student loan debt, it can be VERY difficult for first-time or boomerang homebuyers to save enough money for a down payment.
The very popular HOME+PLUS Home Buyer Down Payment Assistance Program seeks to eliminate this hurdle, offering a pathway to homeownership by giving creditworthy renters who can qualify for a mortgage, but cannot afford the down payment and or closing costs, the funds to move forward.
Administered by the Arizona Industrial Development Authority (Arizona IDA), a nonprofit corporation and political subdivision of the State of Arizona, 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. The DPA is only available in conjunction with a HOME+PLUS mortgage.
HomePlus - Arizona - Home Buyer Down Payment Program

What is HOME+PLUS

Down Payment Assistance for Arizona HomeBuyers… Available in Every County, City, and Zip Code!

The social and economic benefits of homeownership are many.  A home creates an asset that provides the ability to create wealth, borrow, and achieve self-reliance.  Plus, renters may actually realize monthly savings on buying vs. renting. Yet with rents rising faster than wages, and high levels of student loan debt, it can be VERY difficult for first-time or boomerang homebuyers to save enough money for a down payment.
The very popular HOME+PLUS Home Buyer Down Payment Assistance Program seeks to eliminate this hurdle, offering a pathway to homeownership by giving creditworthy renters who can qualify for a mortgage, but cannot afford the down payment and or closing costs, the funds to move forward.
Administered by the Arizona Industrial Development Authority (Arizona IDA), a nonprofit corporation and political subdivision of the State of Arizona, 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. The DPA is only available in conjunction with a HOME+PLUS mortgage.

Home Plus Program Highlights

Available statewide, all Counties, all Cities, within Arizona.

Borrower(s) annual income not to exceed $122,100.00

One borrower must complete a
home buyer education course before closing.

Reduced mortgage insurance premiums
on conventional (Fannie/Freddie) mortgages.

All borrowers on the mortgage must have
a minimum credit score of 640 or better.

Program Information

What to do now? Click below to learn more about HOME+PLUS credit score requirements, program guidelines, and first mortgage types offered.

Home Buyer Resources

To help you better prepare for buying your new home, HOME+PLUS has put together a list of resources and information from local, state, and national organizations.

Frequently Asked Questions

We have put together a list of questions and answers to help you better understand the HOME+PLUS home buyer down payment assistance program.

Home Plus
Program Highlights

Available statewide, all Counties,
all Cities, within Arizona.

Borrower(s) annual income not
to exceed $122,100.00

One borrower must complete
a homebuyer education
course before closing.

Reduced mortgage insurance
premiums on conventional
(Fannie/Freddie) mortgages.

All borrowers on the mortgage
must have a minimum credit
score of 640 or better.