Arizona's Home Plus down payment assistance
The statewide Home Plus program from the Arizona Industrial Development Authority provides up to 4% of the purchase price for down payment and closing costs as a second loan. A forgivable option is deferred with no interest or payments and is forgiven after 60 months. Home Plus pairs with conventional, FHA, VA, and USDA first mortgages.
- Household income at or below $155,386 (same limit statewide, effective April 6, 2026)
- One borrower completes a homebuyer education course before closing
- Use a participating lender; program terms and funding can change
Loans first-time buyers use most
- FHA: 3.5% down with a credit score of 580 or higher, with flexible credit guidelines
- Conventional 3% down: for qualifying first-time buyers, with mortgage insurance that can be removed later
- VA: no down payment for eligible veterans and service members
- USDA: no down payment in eligible rural areas, including parts of Pinal County
What you'll need for pre-approval
- Two years of employment history and recent pay stubs
- W-2s or tax returns
- Two months of bank statements
- Photo ID and permission to check credit
Start with a conversation. Greg looks at your budget and goals before running credit, then gets you a pre-approval letter your agent can use.
What "first-time buyer" means
For most programs, you count as a first-time buyer if you haven't owned a home in the past three years. That means many people who owned before can qualify again.
Frequently asked questions
How much do I need to buy my first home in Arizona?
With FHA at 3.5% down or conventional at 3%, plus Home Plus assistance of up to 4%, many buyers need far less cash than expected. Closing costs and reserves vary, and Greg shows you the exact cash to close before you make an offer.
Do I have to repay Home Plus assistance?
Home Plus offers forgivable and non-forgivable options. The forgivable option is forgiven after 60 months. Greg explains which option fits your plans.
What credit score do I need?
FHA allows 3.5% down with a 580 score or higher. Conventional and assistance programs set their own minimums. Greg reviews your credit and can suggest steps to qualify for better terms.
Information is general and current as of November 2026. Program availability, terms, and limits change; Greg confirms what applies to you.