Pathway to Purchase

UP TO $20,000 IN HOME LOAN DOWN PAYMENT ASSISTANCE

The Pathway To Purchase down payment assistance program offers up to 10% of the loan amount up to a maximum of $20,000 towards your down payment and or closing costs in 17 cities throughout Arizona. Income limitations and debt ratio limitations apply. You do not need to be a First-Time Homebuyer but must meet minimum FICO score and conventional guideline requirements. Maximum purchase price cannot exceed $356,352.

Pathway To Purchase PROGRAM DETAILS

Arizona Department of Housing has created this program for individuals or families that want down payment assistance but can qualify for a conventional mortgage. The 10% assistance is a grant that is combined with a 95% or lower first loan on a 30 year fixed rate mortgage. Financing for these loans are available on existing homes, condos, or townhouses. New construction or spec homes cannot be purchased using this program

Contact a licensed housing specialist now! 602-429-6789

PROGRAM ELIGIBILITY

  • Homebuyers may purchase a home in 17 different cities throughout Arizona. These cities include Arizona City, Avondale, Buckeye, Casa Grande, Coolidge, Douglas, El Mirage, Fort Mohave, Goodyear, Huachuca City, Laveen, Maricopa, Red Rock, Sierra Vista, Snowflake, Tucson, Yuma
  • Buyers must occupy the home as their principal residence within 60 days of closing.
  • The program may only be used to purchase a home (i.e., no refinancing).

INCOME LIMITS FOR ELIGIBLE BORROWER

  • Maximum credit qualifying income may not exceed $89,088 for ALL borrowers.

PURCHASE PRICE LIMIT

  • Maximum purchase price limit of $356,352.

DOWN PAYMENT ASSISTANCE

  • All homebuyers qualifying for down payment assistance will receive 10% of the original loan amount to be used for down payment and closing cost assistance up to a maximum of $20,000.
  • THIS ASSISTANCE IS A SECOND MORTGAGE WITH A 0% RATE.
    • DPA Second Mortgage is a lien against the subject property with the following components: Five‐year, deferred loan, 100% forgiven after five years, 0% interest rate, No monthly Payment.

OTHER PROGRAMS