Arizona MLS Real Estate Search

Down Payment: The Biggest Obstacle to Homeownership

Survey after survey indicate that not having enough money for a down payment is the top obstacle to buying a home in Arizona.  We understand and we can help obtain Arizona down payment assistance and overcome this obstacle.

Available Down Payment Assistance Options

Many Arizonans looking to buy a new home find the down payment step of the loan process the most difficult only because they don’t have enough money in savings. Luckily, Arizona offers many down payment assistance programs that you can take advantage of. Don’t let your dream of owning a home stop at the down payment. Check out the amazing down payment options available to you.

We offer comprehensive information on assistance programs such as community second mortgages and grants as well as low down mortgage programs with the highlights and details that you need to find the best options for you.

List of available down payment assistance programs in Arizona

What are Arizona home loan grants and how do they work?

What are Arizona down payment assistance second mortgages?

First Time Home Buyer Programs in Arizona

There are a number of government funded first time home buyer programs in Arizona to help you buy a home. Many Arizona counties and cities have specialized departments that work with local housing agencies to offer down payment and closing cost assistance to eligible home buyers.

These programs work in cooperation with approved lenders that will help you qualify for a mortgage. They typically require that you first talk to a participating lender in order to be prequalified for one of their accepted loan programs.

Learn what you need to know to navigate the home buying process much easier, save money and limit your worry and stress.

Should you rent or buy a house in Arizona?

Which of the Arizona Mortgage Programs is Best for You?

There are a variety of low down mortgage programs that are available in Arizona that accept down payment assistance grants.  Each program has different guidelines regarding things such as income, assets and credit history.  Some programs allow more down payment assistance than others.  An experienced mortgage professional can help you find the program that best fits your needs.

Mortgage programs that accept down payment and closing cost assistance

Arizona FHA loan limits and conventional loan limits have been updated for 2020.

The 2020 conventional loan limit is $510,400 in Arizona.

Credit Challenges?

Since the mortgage crisis, virtually all loans for people with bad credit have disappeared. However, they are making a slow comeback.  More and more, there are lenders that are willing to lower their credit score requirements as their underwriting guidelines focus on your ability to repay the loan.  Currently in Arizona you typically need a 640 minimum credit score to qualify for down payment assistance.

Your credit history is just one of eight factors that lenders focus on when deciding if it is likely that you will be able to pay your mortgage.  These factors include:

Current or reasonably expected income or assets

Current employment status

Monthly payment on the covered transaction

Monthly payment on any simultaneous loan

Monthly payment for mortgage-related obligations

Current debt obligations

Monthly debt-to-income ratio or residual income

Credit history

Don’t let credit challenges scare you away from trying to buy a home.  Arizona lenders will work with you to help you qualify.

If you’re not sure how credit scores work, read our article on how credit scores are established.

Arizona Home Buyer Concierge Service

We’ve created a free buyer concierge service for Arizona home buyers that connects you with real estate professionals who will protect your interests.

Guidance throughout the home buying process

Insights to find the best neighborhood for you

Down payment and closing cost assistance programs

Connections to superior real estate agents

Trustworthy title and inspection companies

And more!

Find out more about e-Homes Realty’s buyer concierge service.

We can help you find the best down payment assistance options for you.

HOMES WE CAN HELP YOU FINANCE

$348,000
3 Beds ⋅ 3 Baths ⋅ 7049566 MLS ⋅ 1,340 SqFt.
OWNER FINANCING!Beautifully townhome in the heart of Mesa offering the perfect blend of style, space, and convenience. This move-in ready 3-bedroom, 2.5-bathroom home features a spacious open layout, brand-new flooring throughout, bright living areas, and a private outdoor space perfect for relaxing or entertaining. Enjoy the ultimate convenience of two covered parking spaces directly behind the unit, plus access to premium community features including large grassy play areas, a sparkling pool, and available RV parking. Ideally located just minutes from premier shopping, dining, entertainment, ASU, and Cubs Spring Training, with rapid access to major freeways. With extensive community amenities covered by the HOA, this is an incredible, low-maintenance opportunity for primary homeowners.

225 N Standage Road N Unit 58, Mesa
$269,500
2 Beds ⋅ 2 Baths ⋅ 7049521 MLS ⋅ 1,233 SqFt.
Private 55+ community of Las Alegres. Citrus and real green grass yards maintained by community, community fenced pool, inside spa, club house is remodeled with vinyl plank flooring in community room, kitchen, library, fitness & pool table room. Spacious 2 bedroom 2 bath home with added bonus office or optional room fully tiled. Large kitchen with newer appliances, smooth top range, microwave, dishwasher, Refrig included! Inside laundry with washer & dryer included! Tons of storage thru out home. Main bath & bedroom complete with ceramic plank tile. Shower redone in updated tile, newer vanity, mirrors & lighting. Glass barn door covers closet or bath. New carpet in 2nd bedroom. Shutters & ceiling fans throughout. Oversized 2+ car garage. Front courtyard. Come see this hidden gem across from community pool & clubhouse. Area for some RV storage. HOA is $260 per month which includes water, sewer & garbage, exterior maintenance, front yard maintenance, pool & clubhouse.

3345 E University Drive Unit 13, Mesa
$400,000
2 Beds ⋅ 2 Baths ⋅ 7049469 MLS ⋅ 1,623 SqFt.
Rare available end unit ideally situated just a short walk from the community center where you'll enjoy easy access to an array of amenities and social activities right outside your door. This inviting home features a desirable split floor plan, offering added privacy and comfortable living spaces. Pride of ownership is evident throughout, with meticulous care and thoughtful updates that make this home truly move-in ready. Enjoy peace of mind knowing all the major systems have been recently updated, including the roof, air conditioning system, electrical panel, water heater, and professionally cleaned ductwork. These significant improvements provide lasting value and reduce future maintenance concerns. Whether you're relaxing at home, entertaining guests, or taking advantage of the vibrant community lifestyle, this townhome offers the perfect combination of comfort, convenience, and low-maintenance living. Don't miss your opportunity to own a beautifully updated home in one of Mesa's most sought-after active adult communities!

4202 E Broadway Road Unit 16, Mesa
$336,000
3 Beds ⋅ 2 Baths ⋅ 7049376 MLS ⋅ 1,118 SqFt.
NO HOA on a large corner lot in a prime Mesa location. Just minutes from US-60, close to the East Valley's best shopping and dining! This 3-bedroom, 2-bath twin home offers the perfect blend of comfort, functionality, and low-maintenance living. Features include a 1-car garage, secure 1-car carport, private gated front courtyard, and easy-care backyard. Inside, you'll find a functional split floor plan with beautiful tile flooring throughout, neutral paint, and ceiling fans in all the right places. The inviting living area flows into the spacious eat-in kitchen, creating a comfortable space for everyday living and entertaining. The private primary suite is separated from the secondary bedrooms for added privacy. Move-in ready and perfect for first-time buyers!

1261 E Harmony Circle, Mesa
$385,000
2 Beds ⋅ 3 Baths ⋅ 7049338 MLS ⋅ 1,242 SqFt.
Life feels a little different at The Lakes. Imagine morning walks around the water, afternoons by the Olympic-size pool, pickleball with friends, neighborhood events, and evenings spent enjoying one of Tempe's most beloved lake communities. With scenic lakes, mature trees, lush greenbelts, walking paths, a private Beach & Tennis Club, fitness center, boating, fishing, tennis, pickleball, basketball, racquetball, an active swim team, and a full calendar of clubs and activities, it's easy to see why so many people love calling The Lakes home. Tucked near the back of the community, this move-in ready two-story townhome offers the perfect blend of comfort, privacy, and low-maintenance living. Step inside to a welcoming living room featuring fresh interior paint throughout, brand-new carpet, updated laminate flooring in the living area, and a convenient main-floor powder room. The kitchen blends timeless style and everyday function with white cabinetry, granite countertops, stainless steel appliances, and an adjoining dining area that opens to a spacious, fully enclosed private patio--perfect for entertaining, relaxing, or enjoying Arizona's beautiful weather year-round. Upstairs, you'll find two true primary suites, each with its own private bathroom, walk-in closet, ceiling fan, and laminate flooring, creating a flexible layout that's ideal for guests, roommates, working from home, or simply enjoying the comfort and privacy of two spacious bedroom suites. Just minutes from ASU, Tempe Marketplace, Downtown Tempe, shopping, dining, entertainment, and convenient access to US-60, Loop 101, and I-10, this home offers more than just a place to live--it offers a lifestyle.

5619 S Admiralty Court Unit C, Tempe
$250,000
2 Beds ⋅ 2 Baths ⋅ 7049321 MLS ⋅ 813 SqFt.
Welcome to this charming single level home in the heart of Gilbert, just blocks away from downtown and the vibrant Heritage District with its popular restaurants, shopping, entertainment, and local favorites. This recently updated 2 bedroom, 2 bathroom home offers a smart, comfortable layout with no interior steps, vaulted ceilings, and an inviting main living space that feels open and bright. The kitchen features a functional design with a breakfast bar and great everyday flow. Both bedrooms are nicely situated, with two bathrooms for added convenience. Enjoy Arizona mornings or evenings on the screened in covered patio, plus the ease of assigned covered parking. Located in Meadowbrook Village with nearby parks and easy access to Downtown Gilbert, this home is a great option for low- maintenance living in a highly desirable location. This condo can be sold furnished or unfurnished, offering flexibility for the buyer. Whether you are looking for a great investment, second home, starter home, right size home, or anything in between, this is a MUST SEE.

405 E Cullumber Avenue Unit C, Gilbert
$260,000
2 Beds ⋅ 2 Baths ⋅ 7049302 MLS ⋅ 1,285 SqFt.
Welcome home to this charming expanded patio home tucked away on a quiet cul-de-sac in the heart of Leisure World! This desirable split 2-bedroom floor plan sits on an oversized lot with attractive, low-maintenance landscaping and two south-facing patios perfect for enjoying Arizona's beautiful winter weather. The open kitchen flows seamlessly into the living area, creating an ideal space for entertaining family and friends. Enjoy one of the community's lower HOA fees while experiencing the award-winning lifestyle Leisure World is known for, featuring 36 holes of private golf, 3 pools, pickleball, tennis, a fitness center, library, arts & crafts, billiards, countless clubs, and 24-hour guarded security.

1612 Leisure World --, Mesa
$309,000
3 Beds ⋅ 2 Baths ⋅ 7049250 MLS ⋅ 936 SqFt.
Beautifully Remodeled Single-Level Townhome in an Unbeatable Tempe Location! Move right into this stunning 3-bedroom, single-level townhome featuring a private, fenced courtyard-perfect for relaxing, entertaining, or enjoying Arizona's beautiful weather. Every detail has been thoughtfully updated, including brand-new appliances, custom cabinetry, quartz countertops, designer-tiled showers, new flooring, and modern electric zebra blinds throughout. Ideally located just minutes from Arizona State University, Mesa Riverview, Sloan Park (Chicago Cubs Spring Training), shopping, dining, Valley Metro Light Rail, and the Loop 101 and 202 freeways, this home offers exceptional convenience for work, school, and recreation. Located within the highly regarded Tempe School District, this move-in-ready home combines modern style with low-maintenance living in a vibrant community. Whether you're looking for your primary residence, a second home, or an investment opportunity, this beautifully updated property is one you won't want to miss. Owner/Broker.

525 N May Street Unit 9, Mesa
$410,000
2 Beds ⋅ 2 Baths ⋅ 7049235 MLS ⋅ 1,587 SqFt.
Welcome to Tuscany Villas at Painted Mountain Golf Course, an exclusive gated community in NE Mesa that offers resort-style living. The property is conveniently located near the 202 Red Mountain Freeway, shopping venues, dining spots, and is only a short drive--under 30 minutes--to Sky Harbor Airport. Termite Inspection has already been completed along with updated home maintenance. This meticulously maintained two-bedroom townhome boasts a bright, open-concept design with spacious kitchen, living and dining areas, plenty of natural light, and neutral tile flooring throughout, with carpeted bedrooms. The upgraded kitchen is spacious featuring granite countertops, stainless steel app R/O system. All furniture and art work conveys. The flexible floor plan accommodates multiple bedroom options, features like tailor-made closet systems, a Murphy bed in the guest bedroom that allows for office flexibility. Private outdoor spaces include premium sized lot, courtyard and covered patio. A extended two car garage and easy-care landscaping all add to the home's attractiveness and function. Major systems have been updated: HVAC (2023), hot water heater (2025), soft water system (2025), and garbage disposal (2026). Quick close available. Residents enjoy amenities like a clubhouse, pool, spa, pickle ball court, fitness facility, media/game rooms and picturesque golf course views, perfect for either full-time living or a seasonal getaway. There are many social events and regular activities planned for the homeowners. No age restriction. Pet friendly with 2 pet limit.

6202 E Mckellips Road Unit Unit 3, Mesa
$370,000
3 Beds ⋅ 3 Baths ⋅ 7049207 MLS ⋅ 1,379 SqFt.
This rare townhome, with attached 2 car garage and in a gated community, is available to be your new home! A great room floorplan, this unit is light and bright! Wood like floors are throughout the first level. The kitchen, with stainless appliances, opens to the great room & dining area. The downstairs also has an office or den that can be used for whatever you need the space to be. A powder room is also located on the main level. Upstairs you will find the master bedroom suite, two secondary bedrooms with a hall bath & a laundry closet that includes a full size washer & dryer. An attached double garage will make you think this is a single family home! Just out the door & across the street is the community pool and the Augusta Ranch Golf Club is in walking distance down Baldwin.

2024 S Baldwin -- 79 -- Unit 79, Mesa
Start Your Search

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.