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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

$260,000
3 Beds ⋅ 1 Baths ⋅ 7047054 MLS ⋅ 896 SqFt.
Fully remodel 3 beds 1 bath town house in Mesa.Unit is located next the pool.Recent upgrade includes wood look tile, carpet & paint, lighting and ceiling fan, doors, dual pane windows with security screens.Fully remodel kitchen with new soft close cabinet, quartz countertop.HOA fee includes water, sewer and garbage.Washer, dryer and fridge are included. Conveniently located near freeway 60 and 101, this location can not be beat, come take a look today!

830 S Dobson Road Unit 21, Mesa
$369,900
2 Beds ⋅ 2 Baths ⋅ 7047040 MLS ⋅ 1,297 SqFt.
Welcome to this exceptional opportunity in the sought-after 55+ community of Apache Wells 2 in Mesa! This popular ''A'' model offers 2 spacious bedrooms with walk-in closets, 2 bathrooms, soaring vaulted ceilings, beautiful tile flooring, and a desirable 2-car garage. Residents of Apache Wells 2 enjoy a resort-style lifestyle with a community pool and spa, clubhouse, fitness center, billiards room, and a variety of social activities and recreational amenities. Conveniently located near shopping, restaurants, golf courses, lakes, and major freeway access, this home offers the perfect combination of comfort, convenience, and active adult living. Don't miss your chance to make this wonderful home your own!

5830 E Mckellips Road Unit 34, Mesa
$265,000
2 Beds ⋅ 2 Baths ⋅ 7046953 MLS ⋅ 1,006 SqFt.
Discover the perfect blend of comfort, convenience, and location! This beautifully renovated 2-bedroom, 2-bath ground-level townhome offers the privacy of no neighbors above and easy single-level living. open floor plan., spacious bedrooms, Back lit Mirrors in Bathrooms and move-in-ready finishes throughout. Step outside and you're just moments from the community pool, Arizona State University, Mill Avenue, Tempe Marketplace, shopping, dining, entertainment, Sky Harbor Airport, and quick access to Loop 101 and US-60. Whether you're searching for your primary home, a winter retreat, or an investment opportunity, this Tempe gem puts you in the heart of everything. Don't miss your chance to own affordable living in one of the Valley's most desirable locations!

916 S Hacienda Drive Unit A, Tempe
$335,000
2 Beds ⋅ 2 Baths ⋅ 7046945 MLS ⋅ 975 SqFt.
Welcome to Beach Club Village at Val Vista Lakes, one of Gilbert's most sought-after communities and the address that actually delivers on the resort lifestyle promise. This is one of the larger units in the community, giving you the space to spread out without sacrificing the low-maintenance living you came here for. Your HOA covers water, sewer and trash, providing significant monthly savings compared to many standard Gilbert homes. It also includes roof maintenance, exterior maintenance, pest control and landscaping, making for easy, low-maintenance living. Step outside to a white-sand lagoon beach, Jr. Olympic pool, heated spa with waterfalls, six pickleball courts, tennis, racquetball and a full fitness center. Quick access to US-60 and Loop 202 puts SanTan Village, Dana Park Village Square and Downtown Gilbert's award-winning restaurant row minutes from your door. This is the unit in this community that gives you more room, more savings and more of the life you actually want.

1633 E Lakeside Drive Unit 165, Gilbert
$266,000
3 Beds ⋅ 2 Baths ⋅ 7046843 MLS ⋅ 1,343 SqFt.
The property is being sold as a professionally negotiated short sale. Please look under the document tab for a short sale explanation and status. This cozy 3-bedroom, 2-bathroom townhome offers 1,343 square feet of comfortable living in the heart of Mesa, Arizona. Centrally located just off the Loop 202, the home provides quick and convenient access to shopping, dining, entertainment, and major employment corridors. Inside, the well-designed floor plan features inviting living spaces filled with natural light, creating a warm and welcoming atmosphere.

222 W Brown Road Unit 57, Mesa
$425,000
2 Beds ⋅ 2 Baths ⋅ 7046730 MLS ⋅ 1,100 SqFt.
Golf course views, an extensive list of upgrades, and one of Mesa's most desirable communities... welcome to Mission Square at Alta Mesa. Perfectly positioned on the 9th fairway of the private Alta Mesa Golf Club, this beautifully updated home offers the ideal blend of comfort, style, and low-maintenance living. Enjoy your morning coffee or unwind in the evening from the oversized screened-in patio while taking in sweeping golf course views and Arizona sunsets. Inside, you'll find a home that's been thoughtfully updated from top to bottom. The remodeled kitchen features modern finishes and was completed in 2023, complemented by porcelain wood-look flooring, updated bathrooms, newer carpet in the bedrooms, and newer windows that fill the home with natural light. Major system updates provide peace of mind, including a new 3-ton HVAC system (2025), hot water heater (2025), roof coating (2026), new skylights (2026), and a recently completed screened-in patio (2026). Additional improvements include: " Full kitchen remodel (2023) " Porcelain wood-look flooring (2022) " Bedroom carpet (2024) " Updated bathrooms (2021) " New windows and stucco pass-through arch (2021) Located in the sought-after Mission Square at Alta Mesa, residents enjoy a heated saltwater pool and spa, beautifully maintained grounds, and a low-maintenance lifestyle, all just minutes from shopping, dining, golf, parks, and convenient freeway access. Move-in ready with the updates already done, all that's left is to enjoy the view.

1235 N Sunnyvale -- Unit 71, Mesa
$314,000
2 Beds ⋅ 2 Baths ⋅ 7046706 MLS ⋅ 1,133 SqFt.
1111 W Summit Pl is a residential home with practical interior spaces and outdoor living potential. The living area centers around a fireplace that adds warmth and ambiance, while the primary bedroom includes a walk-in closet for convenient storage and organization. A spacious patio extends the living area outdoors, creating room for dining, seating, or container gardening. Clean interior finishes support a polished, move-in-ready feel without distracting from the home's functional layout. This residence brings together everyday comfort, useful storage, and outdoor space in a well-presented setting.. Included 100-Day Home Warranty with buyer activation

1111 W Summit Place Unit 28, Chandler
$285,000
3 Beds ⋅ 2 Baths ⋅ 7046558 MLS ⋅ 1,186 SqFt.
Spectacular single level townhome with a great Mesa location. This recently updated townhome is an end unit and features three bedrooms and two bathrooms. Newer cabinets, appliances, flooring, baseboards, HVAC and water heater highlight the updates you find here.

225 N Standage -- Unit 136, Mesa
$285,000
2 Beds ⋅ 3 Baths ⋅ 7046428 MLS ⋅ 1,771 SqFt.
What if your next home felt like a vacation--every single day? Tucked inside the highly sought-after, guard-gated 55+ community of Province, this beautifully maintained Valencia model may be one of those homes you'll know is special the moment you walk through the front door. Built in 2016, this large residence offers split floorplan with 2 spacious bedrooms and a private office, Designed for effortless living, this energy-efficient home is in true move-in-ready condition--not a project, not a fixer...just unpack and start enjoying life. But here's what photos can't capture... It's the peaceful feeling of waking up each morning in one of Arizona's premier active adult communities. See More. The evening strolls around sparkling lakes. Friendly pickleball matches. Relaxing afternoons by the resort-style pools. Dinner with friends just minutes from your front door. The lifestyle here is every bit as impressive as the home itself. Beyond the gates, you'll discover an incredible collection of amenities, including: Resort-style pools and spa Scenic lakes and walking trails Pickleball and tennis courts State-of-the-art fitness center Beautiful parks and gathering spaces On-site dining and social activities A vibrant calendar of clubs, events, and entertainment And perhaps the biggest surprise? This exceptional lifestyle comes at an incredibly affordable cost. Homes in this condition--and in a community this desirable--don't come along often. If you've been waiting for a home that offers peace of mind, low-maintenance living, and a resort lifestyle every day of the year, this is one you'll want to experience in person. Come see what everyone is talking about...because once you do, you may never want to leave.

41629 W Caliente Drive, Maricopa
$379,000
3 Beds ⋅ 3 Baths ⋅ 7046400 MLS ⋅ 1,726 SqFt.
Beautiful townhome located in the highly desirable gated community of The Palms at Mesa! This spacious, open-concept floor plan features a warm, inviting color palette, decorative art niches, upgraded lighting, and neutral tile flooring throughout the main living areas. The gourmet kitchen offers granite countertops, a large center island with breakfast bar, stainless steel appliances, a pantry, and rich wood cabinetry--perfect for entertaining family and friends. Upstairs, the expansive primary suite provides a private retreat complete with its own balcony and a separate office/sitting area, ideal for working from home or relaxing. Additional highlights include plush carpet in all the right places, upgraded ceiling fans, window blinds, 2.5 beautifully maintained bathrooms, generous closet space, and an attached 2-car garage. Conveniently located near the US-60 and Loop 101, this resort-style community offers outstanding amenities, including two sparkling pools, spas, a clubhouse, fitness center, and private theater. This exceptional home truly has it all and is sure to impress!

1367 S Country Club Drive Unit 1328, Mesa
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