Down Payment Assistance Programs 2022

No Income Restriction

No Repayment for the Grant 

 

 

 Down Payment Assistance-Arizona for 2022

Down Payment Assistance Programs, We have multiple programs available for the Arizona housing market. Anyone in Arizona missing a down payment or doesn’t want to wipe out their savings, these programs are designed to assist you in buying a home. Obtaining access to multiple programs makes it easier for a person to qualify for buying a home. Lenders that only have access to one down payment program means they less of a chance for approval, while you still could have been approved by a different program. This is why is the Down Payment Advantage Programs a better option: No income restriction, No second mortgage, No repayment grant, and programs built to fit your needs. 

Important Update: First Responders, Medical Employees, Teachers Grants Now Available. 

Grant for Down Payment Assistance? 

What is a grant? A grant is a way for the government to fund your ideas and projects to provide public services and stimulate the economy. Upwards of 25% percent of all jobs are tied to the housing market for employment. A “Down Payment” is one of the largest factors that prohibit people from buying a home. The government also knows that Homeownership builds more stable communities, better employees, and children that do better in school.

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. Banks will always ask you for a down payment based on a percentage of the purchase price. 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.

These Programs work with Single Family Homes, Townhomes, Condo, Site Built Homes, Mobile Homes, Manufactured Housing, Multi Duplex and Please fill out the form for confirmation of your type of home. 

Home In 5, Pathway to Purchase, Chenoa Beware! 

You need to be aware of programs like the “Home in 5”, “The Pathway to Purchase” and Chenoa Grant that put a second lien on your property that prevents you from selling or refinancing the home without the permission of the program for up to 5 years. This does not seem like a real issue until you want to refinance or sell the home. Example: If interest rates would drop in the next couple of years to be in the 3’s range again, you would not be able to refinance without their permission of the program even worst you pay the lien back. Bottom Line you do not want any second mortgages listed on your property. 

Frequently Asked 

Below are some of the frequently asked questions regarding the Grant Down Payment Assistance Programs. 

  1. We handle everything Mortgage and Grant funds for closing.
  2. Active and Former Military Benefits are available
  3. First-time home buyers’ benefits are available.
  4. First Responders and medical personnel benefits are available  
  5. There is more than one down payment program available, giving us more ways to get you approved.
  6. Can be used for Closing Costs on a home purchase.
  7. Less than perfect credit can qualify. 620 Credit Min.
  8. The program has no max Income Cap
  9. Must be used to purchase a primary residence in Arizona.
  10. Be in your home in approximately 30 days.
  11. Not a hard money loan or a private money loan.
  12. No Application fees to apply. 
  13. No repayment is required.
  14. No need for a second lien on the property.
  15. The seller can pay your for closing costs.

Down Payment Grant Programs Are Still Available As Of 

Date/Time:

 DPA Advantage Program is still available.  

Check Your Eligibility For Down Payment Programs

Find The Right Grant Program! We also have programs for the Veterans and assistance with 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!

DPA Advantage 6 years of results

Zillow 5 Star Reviews 

Why Not Work With The Best! 

Most types of grants, unlike loans, are sources of financial subsidy that do not have to be repaid. Grants can come from the federal government, your state government, school, or nonprofit organization.

Check Your Eligibility For Down Payment Programs

Find The Right Grant Program! We also have programs for the Veterans and assistance with closing costs!

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