A Guide to Down Payment Assistance Programs in Phoenix, AZ

Published on October 14, 2025

For many first-time homebuyers in the Phoenix area, the biggest hurdle to homeownership is saving for a down payment. The good news is, there are several excellent programs designed to help. These programs provide funds to cover your down payment and even closing costs, making your dream of owning a home a reality much sooner.

What is Down Payment Assistance (DPA)?

Down Payment Assistance programs are typically forgivable loans or grants that cover some or all of your down payment. They are designed to make homeownership more accessible, especially for first-time buyers who have good credit and stable income but haven't had the years to save a large lump sum. Maricopa County and the state of Arizona offer several powerful options.

1. HOME+PLUS Home Loan Program

Offered by the Arizona Industrial Development Authority, this is one of the most popular programs in the state. It provides a forgivable loan of up to 5% of the mortgage amount to be used for your down payment. It's available to all homebuyers, not just first-timers, who meet the income and credit score requirements. This can be combined with an FHA, VA, or conventional loan.

2. City of Phoenix HOME Program

Specifically for properties located within the city of Phoenix, this program offers a silent second mortgage to help with the down payment. This loan is forgivable after a certain number of years, as long as you continue to live in the home as your primary residence. It's a fantastic option for those looking to plant roots in the city.

How to Qualify for DPA in Arizona

Each program has its own specific rules, but generally they look at three main factors:

Income Limits: Your household income must be below a certain threshold, which varies by program and family size.
Credit Score: Most programs require a minimum credit score, often in the mid-600s.
Homebuyer Education: Many DPA programs require you to complete a homebuyer education course to ensure you are well-prepared for the responsibilities of homeownership.

The Bottom Line

Navigating DPA programs can be complex, but that's where we come in. As experts in these programs, we can quickly determine which ones you are eligible for and guide you through the application process seamlessly. Don't let the down payment be a barrier. Contact us today for a free consultation to explore your options.