A NEW PROGRAM FOR ARIZONA HOMEBUYERS AS OF APRIL 1, 2024

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.

HOME BUYERS CLICK HERE

LENDERS CLICK HERE

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

Arizona HomeBuyer Down Payment Assistance Programs

Offering The Home+Plus and Arizona Is Home DPA Programs

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Offering The Home+Plus and Arizona Is Home DPA Programs

Offering The Home+Plus and
Arizona Is Home DPA Programs
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Governor Katie Hobbs delivers 2025 State of the State address

January 2025 –  In Governor Hobbs’s 2025 State Of The State address, she spoke about the success of the Arizona Is Home down payment assistance program for Arizona Homebuyers launched in 2024. She spoke of the importance of homeownership and how it is becoming more difficult to achieve that goal.

“…today, the high cost of housing is forcing that promise [of homeownership] out of reach. From Flagstaff to Sierra Vista, housing shortages and out-of-state speculators are driving up the price of housing.” -Gov. Hobbs

Hobbs mentioned an Arizona Is Home success story with first-time homebuyer Maria Magdalena Contreras.

“Maria is a widow and hardworking mom of four kids. As a medication technician, she helps keep our seniors healthy. After renting for eight years, Maria was finally able to buy a home thanks to down payment assistance from our Arizona Is Home program.” -Gov. Hobbs

With the past year’s success of the Arizona Is Home program, Hobbs announced that she will be doubling the number of Arizona Is Home assistance recipients this year. The Arizona IDA is honored to be one of the organizations offering the Arizona Is Home program alongside the Arizona IDA’s HomePlus DPA program, which has helped over 35,000 Arizona Homebuyers become Homeowners.

Gov Hobbs 2025 State of the State 1

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