AzIDA and our HOME Plus DPA program is open for business.

AzIDA, as well as our primary program partners, Hilltop Securities (capital markets) and US Bank (master service) have already implemented business continuity plans to include cross department coverage and remote, work from home operations. We don’t anticipate, nor have we had any, delays in service, disruptions on purchases or funding issues.

Up to the minute market challenges.

With the unprecedented COVID-19 situation we did experience some instability within the capital markets during the month of March. We are back to a more normalized market and all HOME Plus DPA options are available.

The new challenge mortgage lenders are faced with relates to the forbearance policy within the federal government’s new Coronavirus Aid, Relief, and Economic Security Act (CARES Act). As lenders analyze the effect this will have on their total business operation, they are making difficult choices on the programs they are offering. Some lenders are placing a temporary hold on jumbo loans, manufactured home lending and or down payment assistance programs. This is an internal decision they have made and does not reflect upon the strength and stability of AzIDA and the HOME Plus program. We will welcome them back when they decide to return.

Be informed!

Please feel free to reach out to AzIDA HOME Plus if you have questions or concerns and let us provide you with the correct information directly. With so much uncertainty during this global health crisis, we want to ensure our partners are accurately informed about our operations.

Thank you, Be safe. Together we’ll get through this. Dirk Swift

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Arizona Home Buyer Down Payment Assistance

offering home buyer down payment and closing costs assistance

What is HOME+PLUS

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 increasing rents, stagnant 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

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 increasing rents, stagnant 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.

Available statewide, all Counties, all Cities, within Arizona.
Borrower(s) annual income not to exceed $105,291.00
One borrower must complete a
home buyer education course before closing.
(click for pdf)
Reduced mortgage insurance premiums
on conventional (Fannie/Freddie) mortgages.
All borrowers on the mortgage must have
a minimum credit score of 640 or better.
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Home Plus
Program Highlights

Available statewide, all Counties,
all Cities, within Arizona.
Borrower(s) annual income not
to exceed $105,291.00
One borrower must complete
a homebuyer education
course before closing.
(click for pdf)
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 UPDATE | COVID-19

Thursday, April 2nd, 2020 Update
AzIDA and our HOME Plus DPA program is open for business.

AzIDA, as well as our primary program partners, Hilltop Securities (capital markets) and US Bank (master service) have already implemented business continuity plans to include cross department coverage and remote, work from home operations. We don’t anticipate, nor have we had any, delays in service, disruptions on purchases or funding issues.

Up to the minute market challenges.

With the unprecedented COVID-19 situation we did experience some instability within the capital markets during the month of March. We are back to a more normalized market and all HOME Plus DPA options are available.

The new challenge mortgage lenders are faced with relates to the forbearance policy within the federal government’s new Coronavirus Aid, Relief, and Economic Security Act (CARES Act). As lenders analyze the effect this will have on their total business operation, they are making difficult choices on the programs they are offering. Some lenders are placing a temporary hold on jumbo loans, manufactured home lending and or down payment assistance programs. This is an internal decision they have made and does not reflect upon the strength and stability of AzIDA and the HOME Plus program. We will welcome them back when they decide to return.

Be informed!

Please feel free to reach out to AzIDA HOME Plus if you have questions or concerns and let us provide you with the correct information directly. With so much uncertainty during this global health crisis, we want to ensure our partners are accurately informed about our operations.

Thank you,

Be safe. Together we’ll get through this.
Dirk Swift

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