0% Down Payment Program

Arizona Housing Finance Authority (HFA) Home Plus Program
The Arizona HFA Home Plus Program is available to buy a home anywhere in Arizona with the exception of Pima County. The Home Plus program features include:
  • Down payment assistance up to 5% of the loan amount
  • 30-year fixed term with full amortization on the first mortgage
  • Conventional and FHA loan types available
  • Homebuyer education course required
  • Credit and income restrictions may apply

Arizona Pathway to Purchase Program
The Arizona Pathway to Purchase program is only available in certain zip codes across Arizona. The Pathway to Purchase Program features include:
  • Down payment assistance up to 10% of the purchase price
  • Conventional fixed-rate first mortgage financing
  • Homebuyer Education course required
  • Certain eligible zip codes allowed

For more info you can also go to https://onqfinancial.com/home-loans/down-payment-assistance/
HOME IN FIVE ADVANTAGE

If you are buying a house in Maricopa County and you need help with your down payment and closing costs, you should consider the Home In Five Advantage program.  This program has been very popular for the past couple of years that it has been available for the right reasons.

Simply put, this is a great down payment assistance program.
Program Highlights:
  • Assistance for down payment and/or closing in the form of a 2.5% or 3.5% (depending on your credit) grant that you don’t have to pay back.  Additional assistance provided to qualified Veterans, active duty Military, active Reservists and active National Guard.
  • The assistance money is actually available.  Many down payment assistance programs run out of funds within a short period of time.
  • True down payment assistance money… no strings attached.  Many down payment programs come in the form of a 2nd mortgage that is paid back over time or when you sell your home.  Many prevent you from refinancing.
  • You do not have to be a first time home buyer.
How to Qualify:
  • Buy a house anywhere in Maricopa County, including in the City of Phoenix up to $300,000.
  • New or existing single family homes, 2 to 4 unit homes, condos, town homes, and manufactured homes.
  • Qualify for a FHA, VA or USDA loan with a maximum debt-to-income ratio of 45%.
  • Minimum FICO score is 640.
  • Income from all borrowers may not exceed $88,340.
  • Take an easy online homebuyer education course.

IDA Phoenix Home in Five Advantage Program
  • The IDA Phoenix Home in Five Advantage Program is exclusively available in Maricopa County and the City of Phoenix. The program features include:
  • Up to 7% of the note amount for down payment assistance for Conventional
  • Up to 4% of the note amount for FHA and VA
  • Up to 1% additional down payment assistance for qualified Military, First Responders, and Teachers
  • Conventional and FHA loan types available
  • Homebuyer Education course required
  • Credit and income restrictions may apply
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For more info you can also go to https://onqfinancial.com/home-loans/down-payment-assistance/