First Time Homebuyers and Down Payment Assistance
Tucson Arizona: Think buying a home in Arizona is out of reach? There are numerous down payment assistance programs and grants available for first time homebuyers, essential workers, as well as for those that are struggling to come up with the down minimum down payment or closing costs.
Down Payment Assistance Programs in Tucson
Below is a list of a few common down payment assistance or grant programs available in Pima County Arizona. I will dive into each one of them here in the near future, as well as include a few others not on this list.
Homebuyer’s Solution
Home
- Eligible in Pima County, City of Tucson
- Down payment assistance amount up to 5% of the purchase price.
- Income limits apply
- Pair withFHA, VA, USDA, and Conventional loans
- Down payment assistance up to 20% of the purchase price.
- Homebuyer education required
- Income limits apply
- Must contribute $1,000 of your own funds
WISH
LIGHTHOUSE
- Down payment assistance up to four times the buyer’s contribution amount, up to $29,000 max
- Homebuyer education and counseling required
- Income limits apply
- Buyer must contribute at least $2,000 (can be gift)
- Limited funds available
- Other terms and conditions apply
- Assistance equal to 4% of the total loan amount.
- Can be used towards the down payment or closing costs.
- First-time homebuyer requirement applies
- Income and purchase price limits apply.
- Forgiveable after 3 years in the home.
If you are interested in learning more about these and other down payment assistance programs in Arizona, Alabama, North Carolina and South Carolina or if you just have questions, then please give us a call. 520-303-5620
The above information is for educational purposes only. All information, loan programs and interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.