Arizona Down Payment Assistance

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Down Payment: The Biggest Obstacle to Homeownership

Down payment and closing costs are consistently cited as the biggest barriers to homeownership in Arizona. Arizona Down Payment Assistance connects home buyers with programs that can reduce or eliminate the upfront costs of buying a home.

Available Arizona Down Payment Assistance Programs

Arizona offers a variety of down payment assistance programs that help eligible home buyers cover upfront costs when purchasing a home. These programs may provide funds as a grant, forgivable loan, or silent second mortgage depending on the program and your situation. Explore Arizona down payment assistance programs to find the options that may be available to you.

First Time Home Buyer Programs in Arizona

Arizona has several programs specifically designed to help first time home buyers purchase a home with less money out of pocket. Many of these programs can be combined with down payment and closing cost assistance to make buying your first home more affordable. Learn about first time home buyer programs in Arizona and find out if you qualify.

Arizona Mortgage Programs for Home Buyers

Arizona offers a variety of low down payment mortgage programs that can be paired with down payment assistance. Each program has different guidelines around income, assets, and credit history, and some allow more assistance than others. An experienced mortgage professional can help match you with the program that best fits your situation.

Mortgage programs that accept down payment and closing cost assistance

Arizona FHA loan limits and conventional loan limits have been updated for 2026.

The 2026 conventional loan limit is $832,750 in Arizona.

Credit Challenges?

Since the mortgage crisis, virtually all loans for people with bad credit have disappeared. However, they are slowly making comeback.  More and more lenders are willing to lower their credit score requirements as their underwriting guidelines focus on your ability to repay the loan. Currently in Arizona, you typically need a 640 minimum credit score to qualify for down payment assistance.

Your credit history is just one of eight factors that lenders focus on when deciding if it is likely that you will be able to pay your mortgage. These factors include:

• Current or reasonably expected income or assets
• Current employment status
• Monthly payment on the covered transaction
• Monthly payment on any simultaneous loan
• Monthly payment for mortgage-related obligations
• Current debt obligations
• Monthly debt-to-income ratio or residual income
• Credit history

Don’t let credit challenges scare you away from trying to buy a home. Arizona lenders will work with you to help you qualify.

If you’re not sure how credit scores work, read Arizona Down Payment Assistance’s article on how credit scores are established.

Arizona Home Buyer Concierge Service

We’ve created a free buyer concierge service for Arizona home buyers that connects you with real estate professionals who will protect your interests.

• Guidance throughout the home buying process
• Insights to find the best neighborhood for you
• Down payment and closing cost assistance programs
• Connections to superior real estate agents
• Trustworthy title and inspection companies
• And more!

Find out more about e-Homes Realty’s buyer concierge service.

We can help you find the best down payment assistance options for you.