The Arizona Housing Finance Authority (AzHFA), acting on behalf of the Arizona Department of Housing, to assist creditworthy renters who can afford a mortgage but lack the resources for a down payment.  The AzHFA “HOME Plus” Home Loan Program provides an attractive 30-year fixed-rate mortgage with a down payment assistance (DPA) grant that can be used toward the down payment and / or closing costs.


DPA is a non-repayable grant for down payment and closing costs, equal to a percentage of the initial principal balance of the mortgage loan.  DPA is only available in conjunction with a HOME Plus loan.  Qualified U.S. Military Personnel may receive an additional 1% on ANY mortgage type.


HOME Plus Program Highlights:


Mortgage for the purchase of an Owner occupied, Primary Residences in Arizona.

Borrower(s) Income not to exceed $92,984.

Purchase Price limit not to exceed $371,936.

Each borrower must complete a homebuyer education course before closing.  The homebuyer education requirement may be met by taking a pre purchase course through an internet-based program developed by mortgage insurance companies, such MGIC or Genworth Financial or through another HUD-approved homebuyer education provider.  For more details, see the last page of the HOME Plus Participating Lender document.



Mortgage Type Down Payment

Assistance Minimum Credit

Score Loan-to-Value

(% of MTG to Sales Price) Geographical Restrictions

(NOT available in...)

Fannie Mae 5% 640 95% Pima County

Freddie Mac 5% 640 95% Pima County

Fannie Mae 4% 680 97% Pima County

Freddie Mac 4% 680 97% Pima County

FHA 3% 660 96.5% Maricopa & Pima County

USDA-RD 2% 640 100% Maricopa & Pima County

VA 2% 640 100% Maricopa & Pima County

First Step:


The homebuyer MUST work through one of ADOH approved and participating mortgage lenders.  The lender will be your point of contact through the process working with the homebuyer to obtain a program qualifying mortgage and registration for the down payment assistance grant.