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Comparing Arizona Down Payment Assistance Programs


Do you want to buy a home in Arizona but need money for a down payment? We list the best sources of available Arizona down payment assistance programs. Many Arizonans looking to buy a new home find the down payment step of the loan process the most difficult only because they don’t have enough money in savings. Fortunately, Arizona offers many down payment assistance programs that you can take advantage of. Don’t let your dream of owning a home stop at the down payment. Check out the amazing down payment options available to you. Be sure to contact us for the most up to date information!

Home in FiveHome PlusNew Home AdvantageAFI 100
Down Payment AssistanceUp to 5% of first mortgage amount » Additional 1% for
select professions
Up to 5% of first mortgage amount » Additional 1% for
U.S. Military
Up to 3.5% of the lesser of the purchase price or acquisition valueUp to 3.5% of the lesser of the purchase price or after improved value
Maximum Allowable IncomeFHA, VA, $105,000FHA, USDA, VA - $109,965 (may vary for lower income)Up to 115% of household Area Median Income (AMI)Up to 150% AMI
Debt-to-Income RatioUp to 50% with automated underwriting system approvalFHA, Conventional - up to 50%, USDA, VA - up to 45%Per automated underwriting systemUp to 50% dependent on credit score and automated underwriting system
Minimum Credit Score640640640620
Eligible AreasMaricopa County onlyStatewideAll AmeriFirst licensed statesAll AmeriFirst licensed states
Eligible Loan TypesConventional, FHA, VAConventional**, FHA, USDA, VAFHAFHA
Purchase Price/ Acquisition LimitsDependent on program and Loan-to-ValueDependent on program and Loan-to-ValueDetermined by FHA maximum county limitDetermined by FHA maximum county loan limit
Occupancy RequirementsOwner occupied onlyOwner occupied onlyOwner occupied onlyOwner occupied only
Homebuyer EducationYesYesNoYes, for borrowers with credit scores between 620 and 639 only
Assistance TermsDeferred second mortgage at 0% interest, forgiven over three yearsDeferred second mortgage at 0% interest, forgiven over three yearsTen year term, second mortgage at 8% interest• Deferred second mortgage at 0% interest with ≤ 115% AMI, forgiven after three years of on-time first mortgage payments

• Repayable second for income > 115% and ≤ 150% can be repaid over ten years at 0% interest or over life of loan at 5% interest

John St. Thomas

Loan Officer Assistant

NMLS 1208078 | AZ Lic 0930459

O: 480.339.5561 | M: 480.241.8600


AmeriFirst Financial, Inc. NMLS 145368 | AZBK 0013635

11811 N. Tatum Blvd., Ste. 2500 Phoenix, AZ 85028

Richard (Rick) Mauch

Realtor / Associate Broker

Cell 480.221.3149

Keller Williams Realty Sonoran Living

5301 N. Pima Road, Suite #130 Scottsdale, AZ 85250