HOME PLUS - Down Payment Assistance

No down payment? 

The HOME PLUS – Home Loan Program is here to help!


Knowing the hurdle from renting to buying is most often saving for a down-payment, HOME PLUS is a program designed to alleviate that burden. It offers credit worthy renters who can otherwise qualify for a mortgage the funds to move forward with a purchase.


Administered by the Arizona Industrial Development Authority, the HOME Plus Home Loan Program provides a 30-year fixed-rate mortgage with a down payment assistance (DPA) grant ranging from 0% - 5% depending upon the new underlying mortgage. The DPA is equal to a percentage of the initial principal balance of the mortgage loan.  DPA is only available in conjunction with a HOME Plus mortgage.


  • Property must be an owner occupied, primary residence in Arizona

  • Borrower(s) annual income not to exceed $99,170

  • Purchase price cannot exceed $396,680

  • At least one borrower (assuming two or more) must complete a home-buying education course

  • All borrowers must meet minimum credit scores as defined by the program


This program and all down payment assistance programs are offered through specific lenders.  If you think this program suits you and would like to speak with one, contact us. 


To read about this program, visit the Arizona Department of Housing 


For more information from a qualified loan professional request a Lender Contact  referencing Home Plus in the subject line.


Additional links:

Home in 5

Arizona Home Financing

Pathway to Purchase

AZ Rent to Own Homes

USDA Home Loans


Arbor Realty


Karen Peyton, Associate Broker

"Because someday begins today."