Arizona Down Payment Assistance Programs
Updated February 2022
Saving for a down payment can be one of the biggest obstacles to overcome when buying a home. The good news is that there is down payment assistance available in every county of Arizona. Down payment assistance is widely popular, however, it is not widely advertised. Most down payment programs come in the form of grants, meaning you will not need to repay the assistance.
How Does Down Payment Assistance Work?
Traditionally, the minimum down payment to purchase a home is typically 3-5% down. For a 200,000 Purchase, That is $6,000 – $10,000 to purchase a home. Down Payment Assistance comes from the Arizona Department of Housing, Non-Profits and Private Lenders. What these programs do is give qualified individuals grants towards their home purchase, avoiding the need for a down payment. Our average client moves in to a home for around $2,500 out of pocket. The assistance amounts can vary depending on credit score and income however there are programs almost anyone can qualify for. The best thing you can do is use the Eligibility Checker to find the best programs available to you based on your income and credit score.
How Do I Find The Best Down Payment Assistance Program?
All of the down payment assistance providers have partnered with local lenders to make it easy for you. You must work with an approved lender to receive the assistance. To find out which program is best for you, you can use our down payment assistance Eligibility Checker. This will find you the best down payment assistance program available based on your income and credit score.
Down Payment Assistance Eligibility Checker
Up To $20,000 Assistance Available Per Household
Down Payment Assistance available up to $20,000 for the purchase of a primary residence. This program will allow you to move into a home for ZERO down. The Eligibility Checker will find the best program for you based on income and credit score.
No Income Limits
There are down payment assistance grants available that currently have no income restrictions. The programs are difficult to find as there are only a handful of approved lenders. Use our Eligibility Checker to find the best program for you.
620 Credit Scores Allowed
Down Payment Assistance Grants Available with credit scores as low as 620. Most programs are going to require significantly higher scores to qualify. Use our Eligibility Checker to find the best program.
Down Payment Assistance Eligibility Checker
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Down Payment Assistance Eligibility Checker
Content presented for informational purposes only. Information deemed reliable but not guaranteed. Nothing herein creates an agency relationship between the customer and Next Page Realty. Next Page Realty does not own, operate nor endorse any particular assistance program, lender or options presented here. Terms and conditions of these assistance programs could change at any time.