The AzHFA Home Plus Mortgage Loan Origination Program provides down payment assistance to Arizona home buyers with an annual household income less than $89,000 using a Fannie Mae, 30-year fixed mortgage. The down payment assistance can be used to purchase a home under $357,000 for the down payment and closing costs equal to 4% of the balance of the loan. Users do not need to be first-time buyers, but they must intend to occupy the home.
The best thing is that it is a non-repayable grant! In addition, qualified U.S. military personnel and vets may receive an additional 1% for a total of 5% of the loan amount. Not all lenders are approved under this program, so contact me to learn more.
