In 2022 we were all negatively affected by a series of unexpected events. Record inflation led the U.S. Treasury to increase interest rates at an unprecedented pace. In 2022, mortgage interest rates more than doubled over the course of that year.  This aggressive increase caused investors to reduce their participation in the mortgage-backed securities (MBS) market. This is the national capital market where we raise resources that are used to fund and support the HOME Plus Down Payment Assistance Program. The reduced participation has negatively impacted our ability to consistently provide availability for our Arizona IDA Home Plus DPA complete portfolio of products.

Conditions can change on a day-to-day basis and therefore, the lender / loan officer you work with can provide greater insight, including which Arizona IDA HOME Plus DPA offerings are available during these challenging times. To find a lender near you and discuss options, please click on the Find-A-Lender link.

We appreciate your understanding during these times and hope that we can offer a DPA solution that works best for you.


Dirk Swift
Program Administrator

*Updates and terms may change without notice. Please consult with your lender for the most updated product information.

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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A top Arizona lender shares her thoughts about the Home Plus DPA program.

There are two reasons why lenders would want to participate in the Home Plus Homebuyer Down Payment Assistance Program.  The Urban Institute’s Housing Finance Policy Center’s research explains both.  The first is that over 68% of renters cite that saving for a down payment is an obstacle to homeownership and the second is the fact that thirty-nine percent of renters believe that twenty percent is needed as their down payment.

The Home Plus Homebuyer Down Payment Assistance Program provided by the Arizona Industrial Development Authority allows lenders to utilize typical first mortgage programs already available with very few additional requirements.  At closing, the AzIDA provides a zero-interest, zero payment second lien that the borrower can use for down payment and/or eligible closing costs which will be fully forgiven at the end of 36 months if minimal criteria are met.

This program offers solutions to borrowers.  The rates are not tied to credit score, so you might use it to offset higher rates due to credit.  The assistance can be used to help pay closing costs so the borrower can keep cash in their pocket for reserves or emergencies after closing.  It can also help in the negotiations of a purchase so not to ask for assistance from the seller. 

Home Plus defeats the down payment obstacle that prevents so many from homeownership.  It is now our job as lenders to provide the accurate education about programs like Home Plus to correct the perception of loan requirements so we can turn shelter expense into future wealth.

Amy Swaney, CMB - CityWide Home Loans

Amy Swaney, CMB
Producing Branch Manager
Citywide Home Loans

Amy holds the highest designation by the Mortgage Bankers Association, the Certified Mortgage Banker (CMB). She is recognized as a leader by her clients and peers for raising the bar through education and advocacy. With a market in constant evolution, she knows her clients deserve someone who is at the forefront of the change. Her mantra? “For a Decision this Important…Consult a Professional!” – bio on the CityWide Home Loans webpage.

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