Home Plus
Arizona's down payment assistance program for every county except Maricopa and Pima. Up to 5% of the loan amount, applied to down payment or closing. No monthly payment on the assistance. It's repaid only when you sell or do a cash-out refinance. Phoenix buyers should look at Home In 5; Tucson buyers should look at the Pima Tucson Homebuyer's Solution.
Quick answer: how does Home Plus work?
- Where: Every Arizona county except Maricopa and Pima — specifically Apache, Cochise, Coconino, Gila, Graham, Greenlee, La Paz, Mohave, Navajo, Pinal, Santa Cruz, Yavapai (excluding Chino Valley), and Yuma. Administered by the AZ Industrial Development Authority.
- Form: grant. Non-repayable, due only on sale or refinance, with no monthly payment.
- Assistance: up to 5% of the first-mortgage loan amount, applied to down payment / closing costs.
- FICO floor: 620, across all DPA options and all loan types.
- Loan types: FHA, VA, USDA, Fannie Mae, Freddie Mac (conventional).
- FTHB requirement: some configurations require it; some don't.
- Homebuyer education course: required.
How it works, step by step
- Pre-qualify with us. We confirm Home Plus eligibility against your FICO, income, area of AZ, and target purchase.
- Choose your DPA option. Home Plus has multiple configurations — different first-mortgage rate / DPA percentage combinations to optimize for your situation.
- Complete the required HUD-approved homebuyer education course.
- Find your home with a real-estate agent of your choice.
- Close. The first mortgage and Home Plus DPA close together. The DPA is recorded as a non-amortizing second lien — no monthly payment required.
Eligibility
| Requirement | Detail |
|---|---|
| Property | Owner-occupied primary residence in any Arizona county except Maricopa and Pima. Chino Valley (within Yavapai) is also not eligible. Verify your specific zip code on the consult. |
| Loan type | FHA, VA, USDA-RD, conventional (Fannie / Freddie). |
| Minimum FICO | 620 |
| Income | Income limits apply (vary by program option, household size, and area). |
| Property type | SFR, condo, townhome, PUD; manufactured home case-by-case. |
| Homebuyer education | Required, HUD-approved course. |
FAQ
Do I have to be a first-time homebuyer?
Some Home Plus configurations require FTHB status; others don't. We'll pick the configuration that fits your situation.
Will I owe the assistance back?
Only if you sell the home, refinance for cash-out, or stop occupying it as your primary residence. There's no monthly payment and no scheduled forgiveness.
How does the rate compare to a non-DPA loan?
The first mortgage rate is typically 0.25% to 0.50% above market. That premium is what funds the assistance. The math usually still favors DPA when your alternative is waiting years to save.
Can I use Home Plus for a manufactured home?
Case-by-case. Doublewide manufactured homes on permanent foundations are sometimes allowed. We'll verify against the current program guide.
Can I use Home Plus with a co-signer?
Co-signers and co-borrowers are typically allowed; non-occupant co-borrowers are limited to certain loan types. Bring the question to your consult.
Curious if Home Plus is the right fit?
A 20-minute call. Bring your zip code, income range, and credit ballpark. We'll model real numbers against the actual program tiers.