While we cannot provide market commentary, it is widely recognized that the fixed income markets have been in a free-fall since the beginning of this year.  The combination of record high inflation, the Feds reaction to that, combined with the war in Ukraine, has caused investors to reduce their participation in the mortgage-backed securities market.  This has negatively impacted our ability to provide availability for our AzIDA HOME Plus down payment assistance (DPA) offerings.  This situation is not unique to the AzIDA’s HOME Plus program, as other DPA program providers are experiencing similar difficulties.  

These conditions can change on a day-to-day basis, unfortunately they have lasted longer than anyone has anticipated.  And while we cannot predict the future, we are hopeful that the combination of current events, that are sending shockwaves throughout the market, end soon.  We apologize for any inconvenience this has caused.  Thank you for your understanding.

Please talk with your lender for any alternatives available during these challenging times.

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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Creative ways down payment assistance can be used to help a buyer compete in today’s market.

The HOME Plus program has always been and will always be a vehicle to move renters into homeownership by providing buyers a source of funds for their down payment and or closing costs.  But in today’s red-hot real estate market, buyers with 5% – 8% of available funds, who traditionally would have had enough money to purchase a home, are coming up short. What can they do? Look to the AzIDA HOME Plus program to help bridge the gap and make them a more competitive buyer. Click below to watch the “Usage of the DPA Funds” video to learn more.

This is just one of forty-six new HOME Plus videos that provide buyers, realtors and lenders with greater insight into down payment assistance and the AzIDA HOME Plus program.

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Members and Friends of

Tucson Association of Realtors

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