The Arizona Is Home Mortgage Assistance Program is a first-time homebuyer program that provides below market 30-year fixed interest rates combined with 4% of down payment assistance / closing cost assistance. The Program is available in the following Arizona Counties: Apache, Cochise, Coconino, Gila, Graham, Greenlee, La Paz, Mohave, Navajo, Pinal, Santa Cruz, Yavapai, and Yuma. Eligible homebuyers must have annual incomes at or below 80% of the Area Median Income (AMI). The Arizona IDA offers the Arizona Is Home Program in all Arizona Counties except for Pima and Maricopa.




BORROWER(S) MAXIMUM INCOME LIMIT HAS BEEN RAISED TO $122,100.00 (effective July 1, 2022)

Arizona HomeBuyer Down Payment Assistance

Available in Every County, City, Zip Code in Arizona!

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7 Markets with Greatest Potential of Down Payment Assistance - Home Plus Arizona DPA

7 Markets and Their Greatest Potential Impact of Down Payment Assistance

Mortgage Ready Buyers Benefit from Down Payment Help

Homeownership Program Index analyzes 7 markets with the greatest potential impact of down payment assistance

Atlanta, GA, February 12, 2019 — Down Payment Resource (DPR) communicates with 1,313 program administrators to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates, affordable first mortgages and more.

According to the updated and expanded Urban Institute Barriers to Accessing Homeownership report, commissioned by Down Payment Resource and Freddie Mac, there are about 21 million mortgage-ready renters under 40 in the 31 largest US cities. In addition, most (about 88%) of the mortgage-ready millennials in the US earn enough to afford a typical house in their city.

“We now know there are millions of buyers with the income and credit necessary to qualify to buy a home. The biggest question is: do they know it?” said Rob Chrane, CEO of Down Payment Resource. “Unfortunately, many renters don’t investigate homeownership simply because they don’t believe it’s an option. Yet, every community is served by some type of homeownership program.”

According to the Barriers to Accessing Homeownership report, 36 percent of 2017 mortgages, across 31 of the largest U.S. cities, were eligible for down payment help. The HPI analyzed the impact down payment assistance could have on seven markets with the greatest percentage of 2017 purchase mortgage loans eligible for down payment help.

7 markets with the greatest potential impact of down payment assistance

Phoenix-Mesa-Scottsdale, AZ: Buyers in the Arizona have access to the HOME+PLUS Home Buyer Down Payment Assistance Program.

The Arizona Industrial Development Authority (AzIDA), a political subdivision of the Arizona Finance Authority and State of Arizona administers the HOME Plus home buyer down payment assistance program. The HOME Plus Program provides a 30-year fixed-rate mortgage combined with down payment assistance. This assistance can be used toward the down payment, closing costs or a combination of the two. Over 500 new home buyers a month are using the HOME Plus program to purchase a home.

For valuable home buying links and to learn more about the HOME Plus program please visit our website at: https://homeplus.az.gov 

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About Down Payment Resource: Down Payment Resource (DPR) creates opportunity for homebuyers, REALTORS® and lenders by uncovering programs that get people into homes. The company tracks more than 2,500 homebuyer programs through its housing finance agency partners. DPR has been recognized by Inman News as “Most Innovative New Technology” and the HousingWire Tech100™. DPR is licensed to Multiple Listing Services, Realtor Associations, lenders and housing counselors across the country. For more information, please visit DownPaymentResource.com and on Twitter at @DwnPmtResource.

About Down Payment Resource’s Homeownership Program Index
The Homeownership Program Index (HPI) measures the availability and characteristics of down payment programs administered by state and local Housing Finance Agencies (HFAs), nonprofits and other housing organizations. It analyzed state, local and national programs available in the DOWN PAYMENT RESOURCE® registry as of January 9, 2019.

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