Administered by the Arizona Industrial Development Authority (Arizona IDA), a nonprofit corporation and political subdivision of the State of Arizona, the HOME+PLUS Home Buyer Down Payment Assistance Program provides a 30-year fixed-rate mortgage combined with down payment assistance (DPA) ranging from 0% – 5% depending upon the new underlying first mortgage. The DPA can be used toward the down payment, closing costs, or a combination of the two. The DPA is only available in conjunction with a HOME+PLUS mortgage.
Available statewide; all counties and cities within Arizona.
Borrower(s) annual income not to exceed $109,965.00
Reduced mortgage insurance premiums on conventional (Fannie/Freddie) mortgages.
All borrowers on the mortgage must have a minimum credit score of 640.
DPA OF 0% – 5%
This program is Administered by the Arizona Industrial Development Authority (Arizona IDA) for Arizona residents only. *Closing costs and fees may still apply.