Support and Materials for
Real Estate Professionals

Maximum Borrower Limit Has Been Raised Effective May 1st 2020 from $105,291 to $109,965. 


Support and Materials for Real Estate Professionals

Maximum Borrower Limit Has Been Raised Effective May 1st 2020 from $105,291 to $109,965.

Information for Real Estate Professionals

Down Payment Assistance (DPA) programs are often misunderstood.  There is an incorrect perception in the marketplace that DPA buyers are somehow less creditworthy or that the process to obtain down payment assistance is burdensome, but neither case is true. 
  • Home buyers / borrowers in the HOME PLUS DPA program have good credit, income, job stability and fully qualify for the new underlying FHA, Fannie, Freddie, VA or USDA mortgage, they simply lack the resources for the down payment and/or closing cost.
  • Furthermore, the process to obtain HOME PLUS assistance follows the normal timeline for any mortgage and can be as quick as the home buyer, agent, and lender make it.
Homeownership makes a direct and meaningful impact on a first-time buyer, creating a tangible asset that provides the ability to borrow, build wealth and achieve independence.  Additionally, a healthy and active first-time homebuyer market creates move-up opportunities for existing homeowners and generates a positive economic ripple effect throughout the community. 
Resources like the HOME PLUS Home Buyer Down Payment Assistance program should be viewed as a favorable vehicle to move more renters into homeownership.

– Program Highlights:

  • The HOME PLUS program is available Statewide: all Counties, all Cities, all zip codes.
  • The HOME PLUS program is administered by the Arizona Industrial Development Authority (AzIDA), a political subdivision of the Arizona Finance Authority and the State of Arizona.
  • NO taxpayer funds are used for the HOME PLUS program. The program is self-funded from money raised in the national capital markets and income generated from our program operation.
  • The HOME PLUS program is continually funded without a sunset date.
  • 500 new home buyers a month access the program receiving on average $9,000 of HOME PLUS down payment assistance.
  • Program participants must work with an approved HOME PLUS mortgage lender. There is NOT a direct application from the home buyer. To find a lender nearest you, CLICK HERE.
  • There are three specific HOME PLUS program requirements:
    1. Annual borrower income under $109,657
    2. A minimum credit score of 640
    3. Completion of a pre-purchase home buyer education program
    4. For Program Information & First Steps, CLICK HERE.
  • An asset test is not part of program qualifications. If the home buyer has existing funds, they can use the HOME PLUS assistance and either:
    1. Keep their current funds in savings or
    2. Combine their current funds with the HOME PLUS assistance. Here’s a good article: “What’s Better… A Large Down Payment or More Money in the Bank?” CLICK HERE.

– Interest Rates:

  • The interest rates for the respective underlying first mortgage are set by AzIDA and are the same for each program approved participating lender. Our interest rates follow the market and are subject to the same daily fluctuations as mortgage interest rates outside the DPA program.
  •  The interest rates for the respective underlying mortgages could be slightly higher than the interest rate if a buyer uses their own funds for the down payment and closing costs. Furthermore, there is a different interest rate for each of the 22 different down payment assistance options.
  • A program approved lender will be able to provide interest rate and PITI payment (including mortgage insurance) comparisons between the different HOME PLUS program options and a straight mortgage in which the home buyer provides the down payment and closing costs. The home buyer can then determine their best course of action.

– Terms & Conditions of the Home Plus DPA:

The DPA assistance under the HOME PLUS program is provided in the form of a second mortgage with either of the following two terms:
1. FORGIVABLE DPA: Three-year, no interest, no payment, deferred soft second mortgage, forgiven monthly at a rate of 1/36 over the term of the lien. The DPA second mortgage is fully forgiven after the 36th month (3-years). The homeowner can choose to refinance (or sell) their HOME PLUS first mortgage at any time, however if a refinance (or sale) occurs in the first 36 months the DPA 2nd lien would need to be paid (note amount less the number of forgiven months from closing date).
2. NON-FORGIVABLE DPA: A life of loan second mortgage, with no interest, no payments, deferred soft second mortgage with no forgiveness. The DPA second mortgage will need to be paid in full upon refinance or sale of the property.
AzIDA does not subordinate or provide exceptions to the DPA repayment terms.

– Home Plus Participating Mortgage Lenders:

HOME PLUS has compiled a list of participating mortgage lenders. We have also included a webpage where you can search for a lender nearest you. CLICK HERE

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Marketing Materials for Agents

Download Product Marketing Sheets

All program marketing sheets are within a single high resolution PDF. The PDF file will be downloaded via a ZIP file. Each sheet is letter size (8.5″ x 11″). Your marketing department will be able to open each sheet within your selected design software in order to place your logo and contact information.
If you need custom layout or print support, please contact:
The program marketing materials are for use by Real Estate Professionals and their respective company / institution to promote the Home Plus DPA Program. There is space for your contact and brand information. Do not modify, edit, change content outside of the lender brand area. 
If you need custom layout or print support, please contact: Marketing@HomePlusAZ.com

Stay Up To Date & Informed About The Home Plus Program

Home Plus Logos

Logos for use in marketing of the Home Plus program. 
These logos are property of the AzIDA and Home Plus Home Buyer Assistance Program. As a Real Estate or Lending Professional, Home Plus Program entitles you and your company/institution to use these logos to promote the Home Plus Product. Please do not modify logos without first receiving the written consent of the Home Plus Program Administrator. 


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Hours: Monday – Friday 9:00am-5:00pm
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Attn: AZIDA / Dirk Swift / Home Plus AZ
8601 N Scottsdale Rd #300
Scottsdale, AZ 85253
This is not a public office. If you need more information, please contact Dirk Swift via email. If you need to mail items to Home Plus, please send to address above