Arizona Down Payment Assistance

down payment assistance az

Home Plus Down Payment Assistance in Tucson

Home Plus Down Payment Assistance in Tucson Arizona

The Arizona Department of Housing down payment assistance through the Home Plus Program to home buyers in Tucson Arizona and the rest of Pima County.

In reference to this announcement, Dirk Swift, The Home Plus Program Administrator for the Arizona Department of Housing recently stated, “I … will continue to work … to deliver the best DPA products to the marketplace in the most efficient and effective manner possible.”

For many years, the Home Plus Down Payment Assistance Program has been very popular in Arizona and considered one of the best assistance programs for home buyers in Arizona, although it was not available in Pima County.

See If You Are Eligible For Down Payment Assistance »

All Tucson home buyers who use the Home Plus Program will receive a 30-year fixed loan and Home Plus down payment assistance with different options up to 5% based on which specific loan program is chosen.  The Home Plus down payment assistance program can cover both down payment and closing costs and is calculated based on the amount of the loan. So, for example, if your loan amount is $384,000 and you chose the 5% assistance option, you would receive $19,200 to be applied towards your down payment and closing costs.

Tucson Home Plus Down Payment Assistance Program Highlights:

  • Maximum debt-to-income of 45% if your credit score is 640 and 50% if your credit score is 680 or above.
  • Multiple Home Plus down payment assistance options
  • Additional 1% down payment assistance for qualified U.S. active military and Veterans
  • There are NO first-time home buyer requirements under the Home Plus Program
  • The assistance money received is a silent second that has no interest, no payment and is forgiven monthly over the first three years of home ownership. The lien is completely forgiven after you stay in the home for three years without refinancing. The purpose of the silent second is to provide stability and ensure the ongoing success of the Home Plus Assistance Program in Arizona.
  • The assistance money comes from a revolving pool of funds to assure continuous funding.

 Get Money to Buy Your Home. It’s Fast and Easy to See if You Qualify»

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