What Kind of Down Payment Assistance Programs Are There in Arizona?

As of 02:39 PM MST on Wednesday, May 21, 2025, homebuyers in Arizona’s East Valley are turning to down payment assistance programs to navigate the state’s competitive housing market. With median home prices around $450,000, programs like Home Plus and others offer vital support in areas like Mesa, Chandler, and San Tan Valley. These initiatives help first-time buyers and low-to-moderate-income households achieve ownership.

One key program is Arizona Home Plus, administered by the Arizona Industrial Development Authority. It provides up to $20,000 in grants or forgivable loans (5% of the home price, capped at $20,000) for down payments and closing costs. Eligibility requires first-time buyer status (no home owned in three years), income limits (e.g., $115,300 for a family of four in Maricopa County), and a 640+ credit score. Homes must be primary residences under $420,000 in targeted areas.

VA and USDA Loans also assist by offering 0% down options. VA loans benefit eligible veterans across the East Valley, while USDA loans target rural zones like Queen Creek, focusing on low-income buyers. Both may require closing cost assistance, often negotiable with sellers. Additionally, local city programs, such as Mesa’s First-Time Homebuyer Assistance, offer grants up to $15,000, varying by jurisdiction and funding availability.

Challenges include limited funds (first-come, first-served) and strict eligibility. The Anderson Team leverages our expertise to match buyers with the right program, ensuring seamless access in competitive markets like Gilbert. These programs reflect Arizona’s push for affordability amid rising demand.

Partnering with a local expert can maximize your benefits, making homeownership more achievable.

FAQ: Down Payment Assistance in Arizona

Q: Who can use Arizona Home Plus?
A: First-time buyers with incomes below $115,300 (Maricopa County) and a 640+ credit score qualify.

Q: Are there 0% down options?
A: Yes, VA and USDA loans offer 0% down, ideal for veterans or rural East Valley buyers.What Kind of Down Payment Assistance Programs Are There in Arizona?