Down Payment Assistance Arizona

No Income Restrictions

Down Payments For Home Purchases Available

Down Payment Grant Programs Are Still Available As Of 

Date/Time:

The DPA advantage program is still available, even though some programs are ending.. 

 Down Payment Assistance-Arizona for 2022

Down Payment Assistance Programs There are multiple down payment programs available in Arizona. These programs are provided by the government and non-profit organizations in Arizona. If you’re a person missing a down payment or don’t want to wipe out your savings, these programs are designed to assist you in buying a home. Having access to multiple programs makes it easier for a person to qualify to buy a home. Companies that only have access to one program means they could turn you down, while you could have been approved by a different program. Why is the Down Payment Advantage Programs a better option: No income restriction, No second mortgage, No repayment plan, and multiple programs to fit your needs. 

Who is Eligible?

  • First-time buyer (has not owned home in the last 3 years) 
  • First responder (police officer, firefighter, public safety officer, paramedic, emergency medical technician (EMT) or similar;
  • Educator;
  • medical personnel (nurse, doctor, phlebotomists, health ambassador, or hospital, American Red Cross worker, or similar);
  • A civil servant in a Federal, state, or local municipality; or
  • Military personnel.

Why Government Do Assist With Down Payment Assistance? 

A Down Payment is one of the largest factors that prohibit people from buying a home. Upwards of 25% percent of all jobs are tied to the housing market for employment. The government also knows that Homeownership builds more stable communities, better employees, children that do better in school.  Our government leaders understand the effects of homeownership and promote these programs as such.

How Much of a Down Payment Can I Receive?

The amount of the down payment assistance grant/gift can vary from county to county in Arizona. The programs give up to 100% of the down payment needed to buy a home. The amount is determined by the price of the home. Check your eligibility today and find out how much you will get! 

Check Eligibility For DPA Advantage Programs

Find The Right Program! We also have programs for Veterans and Assistance with Closing Cost!

No cost to apply, but when down payment assistance funds run out, some programs end for the year. So apply early, It’s a No cost pre-approval program, so there are usually a large number of applicants.

Not All Lenders Are Equal, Why Big Banks Don’t Offer This?

Not all lenders are the same with down payment programs, some just have one program. The Big Banks do not provide down payment assistance loan products because they are considered high risk. They consider it a high risk when a buyer has no financial investment in the home purchase (no skin in the game). Banks will always ask you for a down payment based on a percentage of the purchase price. This is another reason to use us as “Your approved lender” by the program. We are approved with multiple programs to assist more people to buy a home. The Grant program regulates these lenders on what fees and rates they can charge. Typically, the big banks won’t let anyone regulate what they can make on a loan. The programs and lenders that we work with DO NOT require that you make a down payment. Your down payment is covered through grants set aside by the local Non-Profits and Government.

Frequently asked: 

Below are some of the frequently asked questions regarding the Down Payment Assistance Programs. If you have specific needs that don’t fit in the box below or you have additional questions, you’ll want to connect with one of our advisors at 480-447-0000. You have the option of submitting the online form and once it is completed, someone will reach out to you.

  1. We coordinate the Mortgage application, DPA approval, and wiring Grant funds for closing.
  2. There is no need for you or the borrower to engage with a third party
  3. There are multiple down payment programs available, giving us more ways to get you approved.
  4. There is NO application fee for you to get approved with the program.
  5. Less than perfect credit can qualify. 620 Credit Min.
  6. Programs to qualify borrowers in different incomes ranges. No Income Cap
  7. Must be used to purchase a primary residence in Arizona.
  8. Typical closing happens in approximately 30 days.
  9. Not a hard money loan or a private money loan.
  10. First-time home buyers’ benefits are available.
  11. No Application, Processing, or Underwriting fees makes the closing cost affordable
  12. No repayment required
  13. No need for a second lien on the property
  14. It may be combined with up to 6% seller concession for closing costs

We have programs for : Maricopa County, Pinal County, Pima County, Yavapai County, Coconino County, Mohave County, Gila County, Cochise County, LaPaz County, Yuma County, Navajo County, Apache County, Graham County, Santa Cruz

What People Say About Our Service! 

Zillow 5 Star Reviews 

Why Not Work With The Best! 

Check Eligibility For DPA Advantage Programs

Find The Right Program! We also have programs for Veterans and Assistance with Closing Cost!

Isn’t  It Time To Take Action Or 

Do You Really Want To Continue Paying Rent?

Speak with a First Time Buyer Expert About How to Qualify?

*The Product/Program information contained here is educational only and not a commitment to Lend available loan programs are subject to change without notice.  Eligible Products – Purchase in Arizona Other conditions and restrictions may apply.

 

Contact your Agent for more information.

Ryan Harris | 480-447-0000 | [email protected] | SA679637000 | NextPageRealty.com | 7702 E Doubletree Ranch Rd. Suite 300, Scottsdale, AZ 85258