Buy your first home It can be an exciting yet expensive process, especially if the home is in Arizona. As of February 2025, the state’s median home price was $455,100, well above the national median, according to Redfin.
Luckily there are easy trails that lead to ownership of a home in a sunny state. Whether you’re looking at Phoenix, Flagstaff, Sedona, or somewhere in between, consider these First Home Buyer Support Program.
Arizona’s first home buyer program
Home+Plus
Arizona Industrial Development Bureau (Ajida) ‘ Home+Plus Program Coupled with Lawn Principal’s down payment support of up to 4%, it offers a 30-year fixed-rate mortgage. Your first mortgage could be a traditional FHA, VA, or USDA loan, and can be brought by reducing your mortgage insurance to keep your monthly payments low.
Home+Plus is available to both first-time home buyers and former homeowners.
The program’s down payment support is a second loan with no benefits that is not permitted in three years unless you sell your home or refinance your first mortgage before the time goes on longer. The loan does not require a separate application. If you work with an approved mortgage lender and apply for a compatible first mortgage, you will be automatically supported.
Arizona is home
The Arizona Home Program is similar to the Home+Plus program, offering a 30-year fixed-rate mortgage paired with a 4% down payment support. The key difference is that Arizona is limited to first-time rural buyers, with a more stringent income cap.
This assistance comes as a fully permitted second mortgage after five years of ownership occupancy. The program is a collaboration between the Arizona Department of Housing and Azida. It is designed to expand homeownership in underserved areas.
City-specific Home Buyer Support Program
Community Home Buyer Assistance Program (Flagstaff)
There is an a in the city of Flagstaff Community Home Buyer Assistance Program This will provide up to $40,000 with down payments and closure assistance to eligible households that do not have enough cash to buy the home. Funds will be provided on an initial, initial service basis as required.
This assistance will be delivered in the form of a second unforgettable mortgage and is limited to first-time home buyers. You will pay off the loan in full when the home is sold, refinanced or the owner is not occupied.
Home of 5 Advantage Programs (Phoenix)
The Maricopa County Industrial Development Authority (MCIDA) and Phoenix IDA offer five advantage programs to help low-to-middle-income families provide homes to Maricopa County. Through this program, borrowers can obtain a 30-year fixed-rate customary, FHA or VA loan and a 3-year allowed second loan to be used for down payments and closing costs. You don’t need to pay back your second loan unless you sell your home or refinance your first loan within the first three years.
The Home in Five Advantage program offers an additional 1% to support the following down payment and closing costs:
- Qualified US military and veterans
- First responder
- teacher
- Borrowers with less than $49,500 a year
Additionally, the boost component of this program will help you get an additional 0.5% of your down payment assistance if you are purchasing in a designated low-income region.
Section 32 Homeownership Program (Phoenix)
The city of Phoenix Section 32 Homeownership Program We offer first-time Phoenix buyers a 20% discount on the value of the home paid on a 10-year, uninterested, unpaid city investment loan. The loan is entirely permitted after a 10-year affordable period, as long as the home is the buyer’s primary residence.
The program is designed for low-income households and includes additional perks such as mortgage insurance, potential grants and the ability to layer with other support programs.
Open Door Down Payment Assistance Program (Phoenix)
The city of Phoenix Open Door Down Payment Support Program We offer deferred loans to help first-time Phoenix buyers cover down payments and closure costs. Buyers who earn up to 80% of their regional median income can help up to 10% of their home purchase price. The loan does not have interest or monthly principal payments and is completely permitted after an affordable period.
This program can be layered with other support programs and requires both HomeBuyer Education and one-on-one counseling.
Pima Tucson HomeBuyers Solution Program (Tucson)
Pima Tucson HomeBuyer Solution Program It offers Pima County buyers, including Tucson, a 30-year fixed-rate mortgage with down payments and closure fee support. This assistance comes as the second permitted mortgage allowed for three years or 30, depending on the terms of the loan or as a grant for a VA loan. There are no purchase price restrictions or first-time buyers restrictions. This assistance can cover 100% of your cash.
Tucson and Pima County Down Payment Support Program (Tucson)
This local Down payment support program For first-time home buyers buying in Tucson or Pima County. As long as you can donate at least $1,000, you will provide up to 20% of your purchase price, and your income will not exceed a certain amount. You will also need to complete the home buyer consultation. Currently, the maximum purchase price is $333,925 for an existing home and $389,491 for new construction.
Other First-Time Home Buyer Loan Program
If you are a first-time home buyer or veteran in Arizona, or Target areayou may be able to lower through your tax bill Mortgage credit certificate (MCC). MCC allows you to claim mortgage interest as a federal tax credit. This amounts to up to $2,000 a year. Must be within the price limits for income and purchases. This depends on the size of your household and where you purchase it. The program costs $500 upfront and then $100 a year to renew.
In addition to the Arizona home buying program, consider one of the first-ever mortgage programs available nationwide, including:
- FHA loan – If you have a low credit score or limited savings, consider an FHA loan. These loans are widely available, with a minimum credit score of 580 and require a down payment of just 3.5%.
- VA loan – If you are a military or veteran member, you are eligible for a VA loan that does not require a down payment.
- USDA loan – USDA loans do not have down payment requirements, but are only available to borrowers who purchase in rural areas eligible for USDA. Typically, you need a credit score of 640 or higher to qualify.
- Good Neighbor Next Door Program -This HUD programme combines the extremely low down payment requirements for homes in certain regions and the ability to save 50% on purchase prices.
Let’s get started
Now that you know some of the options available to first-time home buyers in Arizona, you’re ready to buy from home. There are a few steps:
- Do your homework. Arizona Industrial Development Bureau provides a list of Mortgage lender Someone who can help you throughout the process. You can also view lenders outside of Arizona Housing Agent partners At the bank rate.
- Work on your credit score. It is the most important factor in deciding who you are Mortgage feesso focus on increasing your number.
- Compare lenders. It’s important to shop for mortgage offers regardless of the program you choose. Interest rates are constantly changing, so if you find them Particularly competitive ratesbe sure to lock in. Also, be sure to check for something different Homeowner Insurance Providers in Arizonatoo.
Additional Reports by Jeff Ostrowski
