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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Home Plus Home Buyer Income Limit Raised - May 1st, 2020

Home Plus Home Buyer Income Cap Raised to $109,965

Effective with new loan reservations on and after May 1st, 2020 the AzIDA HOME Plus borrower income increased to $109,965. (an increase of more than $4,500)

  • The Fannie & Freddie 80% AMI figure and the income limits on the non-forgivable DPA options will remain unchanged for now.
 

Through our new partnership with Mountain West Financial (wholesale) the AzIDA HOME Plus program is now available to mortgage brokers throughout Arizona.

 

Also, as a reminder,

  • ALL the HOME Plus DPA options are active and available.
  • We have not had any delays in service or funding.
 
 

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.

 

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WELCOME

Members and Friends of

Tucson Association of Realtors

Congratulations on
100 Years