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Where in Arizona Do You Plan to Purchase a Home?
Residents of Pima County and Maricopa County qualify for all mortgage
loan programs, Arizona Homebuyer Solutions
and Pima IDA 2004A mortgage
loan programs. Residents of other Arizona counties can apply to the
FHR and Arizona Homebuyer Solutions program.
Are
You A First-time Homebuyer?
If you have never a purchased a home before or you have not owned a home
in the last three years, then you are a first-time homebuyer. First-time
homebuyers qualify for all mortgage loan programs available.
If you’re not a first-time homebuyer, you still qualify for the outstanding
benefits of the FHR and Arizona Homebuyer Solutions loan program. You may even
qualify for the Pima IDA 2004A loan program if the home you are purchasing
is located in a Target Area.
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Programs
at a Glance
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Program
Name
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Interest
Rate
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Daily
Priced
Inquire with lender |
Interest
rate varies
Inquire with lender |
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Downpayment
Assistance Amount
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Up
to 7% of sales price
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5%
of loan amount
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Downpayment
Assistance Repayment*
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Second
mortgage payment at 7%
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Gift,
no repayment
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Recapture
Tax*
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Not
Applicable
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Yes
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First-Time
Homebuyer Restriction
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No
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Yes
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Income
Limits
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Varies
by County
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Varies
by County
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Maximum
Purchase Price
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$333,700
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$189,682
($231,833 Target)
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Loan
Type
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Conventional
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FHA,
VA & USDA-RHS
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Geographical
Area
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State
of Arizona
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Pima
& Maricopa Counties
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Yes
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No
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* Click to program descriptions for further information
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