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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

$325,000
2 Beds ⋅ 3 Baths ⋅ 7049179 MLS ⋅ 1,456 SqFt.
Beautifully maintained townhome located in a desirable gated community! This thoughtfully designed floor plan features 2 oversized primary suites, each complete with its own private bathroom, making it ideal for guests, multi-generational living, roommates, or a private home office. Offering 1,456 sq ft of living space, this home features beautiful wood-look tile flooring, an open-concept kitchen overlooking the family room, and an attached 2-car garage with plenty of storage. Both primary suite bathrooms feature double sinks. One suite offers a walk-in shower, while the other includes a tub/shower combination. Each oversized bedroom features a walk-in closet and its own private balcony. Upstairs you'll also find a convenient laundry room w/ storage cabinets, a built-in desk niche in the hallway that's perfect for working from home or homework, newer carpet, and an abundance of storage throughout. Enjoy the security and convenience of gated community living while being just minutes from shopping, dining, golf, and freeway access. This move-in ready home offers a rare floor plan in a fantastic Mesa location!

6710 E University Drive Unit 156, Mesa
$287,000
2 Beds ⋅ 2 Baths ⋅ 7049175 MLS ⋅ 1,046 SqFt.
Welcome home to this refreshed 2-bedroom, 2-bath residence in a desirable West Mesa location. Perfectly positioned near Arizona State University, vibrant Downtown Mesa, and the Oakland Athletics Spring Training facility at Hohokam Stadium, this home offers an unbeatable combination of convenience and lifestyle. Spend your weekends exploring local favorites like Goat and Ram, Tacos Chiwas, and Republica Empanada, catch a performance at the Mesa Arts Center, or discover Arizona's rich history at the Arizona Museum of Natural History. With shopping, dining, entertainment, light rail access, and major freeways all nearby, this is an ideal opportunity to enjoy everything the East Valley has to offer. Soaring vaulted ceilings and fresh interior paint create a bright, open feel throughout the main living space. The kitchen features generous counter space and ample cabinetry, making meal preparation and daily living both functional and efficient. Both bathrooms have been tastefully remodeled with modern finishes, and a brand new washer adds everyday convenience, making this home truly move-in ready. Enjoy a private covered back patio for relaxing or entertaining, along with a covered carport for added convenience. The community pool provides a refreshing retreat during the warmer months. Major 2025 updates include a new roof, full PEX repipe, plumbing upgrades with new shut-off valves, and new front gutters, offering peace of mind for years to come. Whether you're a first-time homebuyer, ASU student or faculty member, investor, or simply looking for a low-maintenance home in a prime location, this thoughtfully updated residence offers exceptional value, modern upgrades, and the best of Mesa living--all ready for you to call home.

910 N Center Street Unit 16, Mesa
$344,900
2 Beds ⋅ 2 Baths ⋅ 7049140 MLS ⋅ 1,296 SqFt.
Great opportunity to own this 2 bedroom, 2 bathroom townhome that sits on a beautiful corner lot. Tile & laminate flooring throughout, vaulted ceilings, cozy fireplace, ceiling fans, all appliances, etc. Exterior features a wonderful front courtyard & back patio. Low maintenance as the HOA covers all landscaping needs (outside the patio/courtyard). Large 2-car garage with built-in storage cabinets. Community pool! Buyer to verify all facts & figures.

2059 E Brown Road Unit 16, Mesa
$320,000
3 Beds ⋅ 2 Baths ⋅ 7049093 MLS ⋅ 1,284 SqFt.
Welcome to this charming townhome in Hallcraft Villas Mesa! With 3 beds & 2 baths, it tastefully blends modern comfort and style. Enter to find a large formal living room paired with a vaulted ceiling! Neutral palette creates an inviting atmosphere, complemented by recessed lighting and wood-look tile flooring t/out. The eat-in kitchen boasts SS appliances, quartz counters, white cabinetry, a laundry closet, and sliding doors that open to the patio. The primary bedroom is downstairs, featuring a private bathroom for added comfort. Head upstairs to find the remaining bedrooms! One includes a walk-in closet, while the other offers direct access to the balcony. The private patio is the ideal spot to relax while enjoying BBQ. Plus an assigned carport space! Great location! Make this gem yours!

1342 W Emerald Avenue Unit 224, Mesa
$319,900
3 Beds ⋅ 2 Baths ⋅ 7049057 MLS ⋅ 1,136 SqFt.
WOW! This home has recently been remodeled by a licensed contractor. The home features fresh paint, new flooring, and updated fixtures throughout. Walk in to a spacious living room filled with natural light. The kitchen has been completely redone with new white cabinets, quartz counter tops, stainless steel appliances, and new hardware. All three bedrooms boast new carpet and fresh paint. Both bathrooms have been updated with new vanities, counter tops, and fixtures. Enjoy the private patio and community pool!

1970 N Hartford Street Unit 18, Chandler
$299,900
3 Beds ⋅ 3 Baths ⋅ 7049032 MLS ⋅ 1,452 SqFt.
WOW! Great Value! This large 3 bedroom, 2.5 bath townhome has a great location with golf course views from front and a private enclosed backyard patio with storage. Nicely updated in 2020 including upgraded flooring, plantation shutters + kitchen has been updated with granite countertops, tiled backsplash, stainless steel appliances, new sink, and newer cabinets. Very convenient location close to freeways, shopping, dining and entertainment! ***The vacant photos are from 2020, the other photos are current photos and there is some deferred maintenance, but nothing major. Bathrooms could use some updating. ***Please note the complex has renovations and improvements going on after some severe damage from a microburst...and there is a special insurance assessment in process temporarily.

409 E Woodman Drive, Tempe
$320,000
3 Beds ⋅ 3 Baths ⋅ 7049008 MLS ⋅ 1,377 SqFt.
$10,000 Seller Concession Available! Fully remodeled condo in the highly sought-after Dobson Ranch. This move-in ready home features a new A/c, luxury vinyl plank flooring, fresh paint, modern lighting, & designer finishes throughout. The stunning kitchen showcases white shaker cabinets, quartz countertops, waterfall island,full-height quartz backsplash, and stainless steel appliances. The open-concept floor plan creates a bright and inviting space, perfect for everyday living and entertaining. Enjoy Dobson Ranch amenities including lakes, pools,parks, walking paths, tennis courts, and recreation center. Conveniently located near shopping, dining, golf, and major freeways. Seller offering $10,000 toward buyer closing costs, interest rate buy-down, or other approved expenses.

2121 S Pennington -- Unit 21, Mesa
$309,000
3 Beds ⋅ 3 Baths ⋅ 7048987 MLS ⋅ 1,223 SqFt.
Move-in ready Tempe townhome in an unbeatable location! Recent updates include fresh interior paint, brand new carpet, new light fixtures, and a bright kitchen featuring quartz countertops, a new dishwasher, beverage fridge, and all appliances included. Step outside to your private backyard with easy maintenance artificial grass, creating the perfect space to relax without the upkeep. Located just minutes from Downtown Tempe, Mill Avenue, and ASU. With quick access to the US-60 and I-10 freeways, this puts shopping, dining, entertainment, and commuting within easy reach. Whether you're looking for a primary residence, housing for your student who is attending Arizona State University, or an investment opportunity, this Tempe townhome offers comfort, convenience, and exceptional value.

1418 W La Jolla Drive, Tempe
$399,000
3 Beds ⋅ 2 Baths ⋅ 7048971 MLS ⋅ 1,303 SqFt.
Turnkey Investment Opportunity in the Heart of Cooley Station! Located in one of Gilbert's most sought-after communities, this beautifully renovated 2-bedroom, 2-bath condo is the perfect blend of style, comfort, and income potential. Nestled along the greenbelt and just steps from the heated community pool and spa, this home offers the ideal setting for long-term value and tenant satisfaction. Enjoy a main-level master suite, while the open-concept living area and tiled balcony on the second floor provide great views of the lush greenbelt. Featuring durable commercial-grade vinyl plank flooring, tile throughout (except stairs), and a modern kitchen with stainless steel Frigidaire appliances, 42'' upper cabinets, and a reverse osmosis system—this home is both functional and stylish. All Turnkey Investment Opportunity in the Heart of Cooley Station! Located in one of Gilbert's most sought-after communities, this beautifully renovated 2-bedroom, 2-bath condo is the perfect blend of style, comfort, and income potential. Nestled along the greenbelt and just steps from the heated community pool and spa, this home offers the ideal setting for long-term value and tenant satisfaction. Enjoy a main-level master suite, while the open-concept living area and tiled balcony on the second floor provide great views of the lush greenbelt. Featuring durable commercial-grade vinyl plank flooring, tile throughout (except stairs), and a modern kitchen with stainless steel Frigidaire appliances, 42" upper cabinets, and a reverse osmosis systemthis home is both functional and stylish. All of this in an unbeatable location, just minutes from shopping, dining, parks, and Gilbert's top-rated schools. Whether you're a seasoned investor or just getting started, this gem checks all the boxes!

3647 E Leslie Drive, Gilbert
$346,500
4 Beds ⋅ 3 Baths ⋅ 7048833 MLS ⋅ 1,536 SqFt.
This low maintenance, 4 BEDROOM, 3 BATH townhome is 3.5 Miles south of Arizona State University. It's fabulous for taking on college boarders or rooms for children. A community pool, garbage, exterior home (incl. landscaping) maintenance, washer, dryer, fridge & covered parking is incl. The home has been remodeled over the last few years, has a bedroom & bath on the ground floor w 3 beds & two baths upstairs. The roof was redone in 2026. Water heater was replaced in 2024. Pictures were taken prior to the tenant, who has now moved out. A short drive to the superstition freeway, Tempe Diablo Stadium (spring baseball) Gammage theater, ASU facilities, job corridors, the nations largest municipal park, malls, golf & sky harbor airport

3909 S Mill Avenue, Tempe
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