Home Plus Homebuyer Down Payment Assistance Program

Open

Arizona Industrial Development AuthorityAZFirst-Time Homeowner

Funding: Provides down payment and closing cost assistance equal to as much as 4 percent of the first mortgage amount, which can be applied to the borrower down payment, closing fees or a combination of both, and is available in every Arizona county through participating Home Plus lenders.Statewide Arizona Industrial Development Authority program that combines a 30 year fixed rate first mortgage with down payment and closing cost assistance of up to 4 percent of the first mortgage amount, delivered through a network of participating lenders with options for forgivable or non forgivable assistance structures.RollingDeadline: Scope: Statewidestate

Updated: Dec 6, 2025

Summary

Statewide Home Plus down payment assistance program providing up to 4% of the loan amount toward down payment and closing costs for qualifying Arizona homebuyers.

Benefits

down payment assistanceclosing cost assistancesecond mortgageforgivable assistanceaffordable mortgage

Who Can Apply

homebuyerfirst-time homebuyerrepeat homebuyerlow-income homebuyerArizona resident

Eligible Locations

Borrowers purchasing a primary residence anywhere in Arizona who meet Home Plus income limits, generally with household income at or below 146503 dollars, qualify for an eligible 30 year fixed FHA, VA, USDA or conventional loan, complete required homebuyer education and satisfy standard credit, debt to income and underwriting guidelines.

Eligibility

Borrowers purchasing a primary residence anywhere in Arizona who meet program income limits (generally ≤$146,503 household income), qualify for an eligible 30-year fixed-rate FHA, VA, USDA, or conventional loan, and complete required homebuyer education. Standard credit, DTI, and underwriting guidelines apply.

Full Description

The Home Plus program from the Arizona Industrial Development Authority is a long-running statewide down payment assistance option designed to help Arizona renters become homeowners. It combines a 30-year fixed-rate first mortgage with up to 4% in down payment and closing cost assistance, which can be applied to the required down payment, closing fees, or a mix of both. Assistance is available in every county, city, and ZIP code in Arizona through a large network of participating lenders. Borrowers must meet income limits (currently around $146,503 maximum annual income), qualify for an eligible FHA, VA, USDA, or conventional loan, and complete an approved homebuyer education course before closing. The program offers both forgivable and non-forgivable assistance structures, reduced mortgage insurance on certain conventional loans, and is designed to remain continuously available rather than relying on short-term funding rounds. Home Plus is frequently used alongside local counseling and homebuyer education to create a more sustainable path to homeownership.

Verification & Details

Status: Open

Source: arizonaida.com

Official source → arizonaida.com

Apply on official siteUpdated Dec 6, 2025

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