AzIDA and our HOME Plus DPA program is open for business.

AzIDA, as well as our primary program partners, Hilltop Securities (capital markets) and US Bank (master service) have already implemented business continuity plans to include cross department coverage and remote, work from home operations. We don’t anticipate, nor have we had any, delays in service, disruptions on purchases or funding issues.

Up to the minute market challenges.

With the unprecedented COVID-19 situation we did experience some instability within the capital markets during the month of March. We are back to a more normalized market and all HOME Plus DPA options are available.

The new challenge mortgage lenders are faced with relates to the forbearance policy within the federal government’s new Coronavirus Aid, Relief, and Economic Security Act (CARES Act). As lenders analyze the effect this will have on their total business operation, they are making difficult choices on the programs they are offering. Some lenders are placing a temporary hold on Fannie & Freddie mortgages, manufactured home lending, and or down payment assistance programs. This is an internal decision they have made and does not reflect upon the strength and stability of AzIDA and the HOME Plus program. We will welcome them back when they decide to return.

Be informed!

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.

Thank you,

Be safe. Together we’ll get through this.
Dirk Swift

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Arizona Home Buyer Down Payment Assistance

offering home buyer down payment and closing costs assistance

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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