Down Payment Assistance Programs (DPA's) are designed to assist first-time home buyers with the payment and closing costs required by the HUD or Conventional Loan Programs. The State, County, City and Tribal backed Down Payment Assistance programs are typically secured as a junior lien. Some of these DPA's may be "silent" meaning there is no payments required unless the home is sold or equity is taken from the home.  Some of the programs are forgiveable after 5-20 years of living in the home.   These grants can also be layered. As an example a Navajo buying in Phoenix may use the $10,000 (Navajo) and $10,000 (ADDI) and the $5,000 (HTF) which is total of $ $25,000.  These grants are given on first-come first-serve basis and are based on available funding. 

All of these types of down payment assistance programs use the FHA, HUD 184, VA, USDA and Conventional loans. Since you must be able to obtain traditional financing in order to use any of these programs you must apply either by calling our office at 480.556.5339 or applying online.

Navajo Grant, Navajo Subordination Loan, ADDI, Avondale DPA, HTF, Acquisition Rehab Funds, Other Grant, Ameridream.

Navajo Grant (Maricopa & Coconino Counties) Source of grant funds: FY 2006 Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) block grant in accordance with the FY 2006 Navajo Nation Indian Housing Plan $10,000 grant payment/closing cost assistance Deferred loan, zero interest, due on sale, junior lien Navajo Client must provide proof of Navajo tribal membership Service Area: Maricopa County & Coconino County Client's must be a first time homeowner. Client's income must be below 80% of the area median income based on family size Client must be able to get pre-approved for the a mortgage loan acceptable to use with the grant.  Call or apply online today! Client's Responsibilities: To attend an approved (8) hour Homebuyer Education Class.  May costs to attend class. Client is to contribute a minimum of $1,000 in personal savings which will be applied towards the down payment of the home in combination with the Grant. Client is to pay for the appraisal, credit report and home/termite inspection which can be calculated towards the $1000 client is to contribute. (Back to Top)

Subordinate Mortgage- Navajo Nation

2nd mortgage is available to Navajos and Non-Navajos purchasing on a border town. Payment is principle and interest Down payment may still be required depending on the type of 1st mortgage used to purchase the home. Navajo Nation will be servicing this loan. (Back to Top)

American Dream Downpayment Initiative (ADDI)

The American Dream Downpayment Initiative (ADDI) was signed into law on December 16, 2003. The American Dream Downpayment Assistance Act authorizes up to $200 million annually for fiscal years 2004 - 2007. ADDI will provide funds to all fifty states and to local participating jurisdictions that have a population of at least 150,000 or will receive an allocation of at least $50,000 under the ADDI formula. $10,000 or 6% whichever is greater.  Deferred loan, zero interest, due on sale, junior lien Service Area: Based on available funds per county or city. Phoenix, Mesa, Glendale, Tempe Client's must be a first time homeowner. Home must past HSQ Inspection Client's income must be below 80% of the area median income based on family size Client must be able to get pre-approved for the a mortgage loan acceptable to use with the grant.  Call or apply online today! Client's Responsibilities: To attend an approved (8) hour Homebuyer Education Class.  May costs to attend class. Client is to contribute a minimum of $1,000 in personal savings which will be applied towards the down payment of the home in combination with the Grant. Client is to pay for the appraisal, credit report and home/termite inspection which can be calculated towards the $1000 client is to contribute. (Back to Top)

Avondale Down Payment Assistance

$40,000 Down Payment Assistance which is a jr lien due on sale. Add'l $5000 Assistance towards buyers closing costs which is forgiven at closing. Service Area: Avondale, AZ Client's must be a first time homeowner. Client's income must be below 80% of the area median income based on family size Home must past HSQ Inspection Client must be able to get pre-approved for the a mortgage loan acceptable to use with the grant.  Call or apply online today! Client's Responsibilities: To attend an approved (8) hour Homebuyer Education Class.  May costs to attend class. Client is to contribute a minimum of $1,000 in personal savings which will be applied towards the down payment of the home in combination with the Grant. Client is to pay for the appraisal, credit report and home/termite inspection which can be calculated towards the $1000 client is to contribute. (Back to Top)

Housing Trust Fund (HTF)

Up to $5,000 down payment/closing cost assistance Deferred loan, zero interest, due on sale, junior lien Service Area: Maricopa County Up to 80% HUD AMI Borrower must occupy property 100% max LTV Borrower must be U.S. citizen or permanent resident alien Borrower must be 1st time home buyer 1 unit single family residence, PUD, condo, townhome (please call about restrictions) Borrower must sign agreement to allow to attend delinquency counseling Ratios for payment shall be a minimum of 25% not to exceed 33% and total DTI shall not exceed 41% Client's Responsibilities: To attend an approved (8) hour Homebuyer Education Class.  May costs to attend class. Client is to contribute a minimum of $1,000 in personal savings which will be applied towards the down payment of the home in combination with the Grant.  (Back to Top)

Acquisition Rehab Funds

This amount varies based on cost of rehabilitation.  Deferred loan, zero interest, due on sale, junior lien Service Area: Scottsdale, Glendale and Avondale-- soon to include Mesa and Chandler) Up to 80% HUD AMI Borrower must occupy property Borrower must be U.S. citizen or permanent resident alien Borrower must be 1st time home buyer Client's Responsibilities: To attend an approved (8) hour Homebuyer Education Class.  May costs to attend class. Client is to contribute a minimum of $1,000 in personal savings which will be applied towards the down payment of the home in combination with the Grant. Must use an approved qualified realtor (Back to Top)

Coming Soon!

Most grants for down payment assistance require buyer to be below 80% AMI.  Funding is coming for borrower who exceed the 80% AMI up ot 120% AMI. Service Area: Avondale, Mesa, Chandler and Phoenix. Amount TBD All other requirement to be determined.   (Back to Top)

Ameridream- No Longer Available

   (Back to Top)