Family Housing Resources - Arizona Homebuyer Solutions

Family Housing Resources has made available a statewide gift program to help promote affordable housing. Arizona Homebuyer Solutions (AHS) allows eligible borrowers utilizing an FHA 30 year fixed rate Government Insured 1st mortgage to receive a gift of up to 2-1/2 percent of a homes sales price to be used for down payment and/or closing cost assistance.

The minimum down payment requirement for a FHA loan is 3.5%
By utilizing the AHS gift program any home eligible for a FHA mortgage can now be purchased with as low as 1.0% Down.

The remaining 1.0% down required can be a gift from a family member, employer or union.

Eligible Borrowers
The AHS is available to owner occupied / primary residence homebuyers who meet the income guidelines in the chart below. Participants do not have to be first-time homebuyers. Participants must attend Home Buyer Education.

Income Limits
County in Arizona	FHA Income Limit	AHS Income Limit*
Apache	$43,700	$102,695
Cochise	$50,400	$118,840
Coconino	$59,800	$140,530
Gila	$46,100	$110,215
Graham	$44,900	$105,515
Greenlee	$56,300	$132,305
La Paz	$43,700	$102,695
Maricopa	$65,900	$154,865
Mohave	$47,400	$111,390
Navajo	$43,700	$102,695
Pima	$57,500	$135,125
Pinal	$65,900	$154,865
Santa Cruz	$43,700	$102,695
Yavapai	$53,800	$126,430
Yuma	$44,100	$103,635

This information, based on data provided to Fannie Mae by FHFA, is provided solely for convenience and not for purposes of verifying the accuracy of or determining the income limits. FHR shall have no liability or responsibility for any errors or omissions or liability in connection with the use, misuse, release, or distribution of this information.

How Do I Apply?
Interested borrowers should contact:

Brian Seligmiller
The Lending Company
(480) 621-4226
bseligmiller@thelendingco.com.