Arizona Down Payment Assistance

down payment assistance az

First Time Home Buyer Programs in Arizona

First Time Home Buyer Programs

Arizona Down Payment Assistance offers down payment, closing cost, and support to first time home buyers in the Arizona area. These programs aim to eliminate the barrier to entry for homeownership, and in some cases, can be used in conjunction with first time home buyer programs.

Like many other states, home loan and grant programs can be offered through a variety of lenders. For help in the Arizona, fill out the form at the bottom of the page and a representative will be in touch shortly.

What is Down Payment Assistance?

Down payment assistance is aimed at providing lower to moderate income families with the means to buy a home. There can be many barriers to entry when buying a first home. Whether that be from a faulty credit or trouble saving for a down payment, with the right program and the right people, buying a home can be simple, convenient, and secure.

AZDPA offers a few loan programs for down payment assistance:

  • Home Plus
  • Home in Five
  • Pima Tucson Homebuyer’s Solution
AZ Home Plus Mortgage

How do First Time Homebuyers Qualify for Down Payment Assistance?

Down payment assistance can be offered through a variety of lenders, including:

  • Government Agencies
  • Full-service lenders
  • Non-profit organizations

Buyers need to find out what type of loan they are looking for and what type of lender they would like to work with. Loan programs can vary, so it is important to understand which lenders offer the right loan program. First Time Home Buyer programs range from:

  • FHA Loans
  • USDA Loans
  • VA Loans
  • Conventional Loans through Ellie Mae and Freddie Mac

IMPORTANT MORTGAGE DISCLOSURE

When inquiring about a loan on this site, this is not a loan application. This is not an offer to lend and we are not affiliated with your current mortgage servicer. Upon the completion of your inquiry, we will work hard to assist you with an official loan application and provide loan product eligibility requirements for your individual situation.

When applying for a loan, we commonly require you to provide a valid social security number and submit to a credit check. Consumers who do not have the minimum acceptable credit required are unlikely to be approved. Minimum credit ratings vary according to loan product. In the event that you do not qualify based on the required minimum credit rating, we may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee. Any loan product that we may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the loan product.

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Starboard Financial is an Equal Housing Lender. We do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act.

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© 2017 Starboard Financial is not a government agency and is not affiliated with HUD, FHA, VA, USDA, FNMA, FHLMC or GNMA.