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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

$229,000
2 Beds ⋅ 1 Baths ⋅ 7044516 MLS ⋅ 784 SqFt.
Beautifully renovated 2-bedroom, 1-bath townhome in a convenient Mesa location with modern upgrades throughout. Recent improvements include new vinyl windows, a new sliding glass door, luxury waterproof laminate flooring, recessed LED lighting, ceiling fans, and fresh interior paint. The open-concept kitchen features white shaker cabinets, granite countertops, new GE and Bosch stainless steel appliances, and a custom breakfast bar with additional storage and generous prep space. The remodeled bathroom includes updated tile, a modern vanity, stylish fixtures, and a tub/shower enclosure. Additional features include two dedicated off-street parking spaces, washer/dryer hookups, private covered patio and access to the community pool. Easy Access Freeways, Shopping and Dining.

830 S Dobson Road Unit 72, Mesa
$255,000
2 Beds ⋅ 2 Baths ⋅ 7044489 MLS ⋅ 862 SqFt.
Fantastic opportunity near Arizona State University! This 2-bedroom, 2-bathroom condo with 1 covered parking space is ideally located in the heart of Tempe, just minutes from ASU, shopping, dining, and major freeways. HOA includes water service, and the refrigerator, washer, and dryer are all included, making this a truly move-in-ready property. Conveniently located across from Safeway and only a short drive, bike ride, or walk to campus. With its prime location near ASU and strong rental demand in the area, this property presents an excellent opportunity for both investors and owner-occupants. Whether you're looking for a primary residence, a home for an ASU student, or a long-term investment property, this condo offers exceptional value in a highly desirable location. Don't miss this affordable Tempe opportunity!

1125 E Broadway Road Unit 113, Tempe
$379,999
3 Beds ⋅ 3 Baths ⋅ 7044379 MLS ⋅ 1,397 SqFt.
This adorable two-story stand alone home, in Seawynds at the Islands is the one for you! Light &. Bright,Freshly painted & all new flooring/LVP/Carpet throughout.Conveniently close to restaurants, shopping & golfing! Spacious living area showcasing soaring ceilings to enhance the space. Spotless kitchen complete with lots of storage. a peninsula with a breakfast bar & sleek stainless steel appliances for a seamless cooking experience. The serene primary bedroom promises a good night's sleep, including a full bathroom with dual sinks The low maintenance backyard is the perfect size to enjoy weekend grilling and relaxing evenings. Multiple Community Pools & Green Belt/Parks, Walking Paths, Community Ctr. Plus lake rights.You can launch a no motor boat on the lake a putt around the Islands

1071 W Sandy Banks Drive, Gilbert
$445,000
3 Beds ⋅ 2 Baths ⋅ 7044337 MLS ⋅ 1,539 SqFt.
Beautifully updated home in a desirable Tempe location, offering a blend of modern updates, flexible living areas, and low-maintenance outdoor living. Fresh neutral finishes, wood-look tile flooring t/out, updated lighting, and abundant natural light create a clean, move-in-ready feel from the moment you enter. The spacious floor plan features an oversized dining room with custom built-in cabinetry and shelving, providing storage and entertaining space. Multiple living areas offer flexibility for working from home, hobbies, or creating the perfect media room. The kitchen features ample cabinetry, granite counters, and stainless-steel appliances. Private backyard designed for easy maintenance and year-round enjoyment with newly installed Gazebo. Over $75k in improvements - see supplement HOME IMPROVEMENTS since purchase: Fresh interior paint throughout in 2022 Shiplap to one bedroom wall in 2024 Window blinds to all rooms in 2022 Kitchen and laundry rooms have window blinds within the doors (built in) All windows replaced by previous owner. New GE stainless steel refrigerator in 2023 11/2025 - 12'x16' aluminum gazebo for backyard 3/2025 - installed/wired 3 ceiling fans w/ light kits in all bedrooms and family room 11/2024 - replaced all cast iron sewer ($21k) 5/2023 - new HVAC 2023 - refinished tub and shower 2022 & 2023 - 2 new bathroom vanities and installation and new toilets 10/2022 - ceramic tile plank flooring throughout 10/2022 - Backyard landscape (turf, fruit trees, pavers, pots) and front yard update (pavers, add rock)

1988 E Oxford Drive, Tempe
$400,000
2 Beds ⋅ 2 Baths ⋅ 7044231 MLS ⋅ 1,401 SqFt.
Beautifully maintained 2-bedroom plus den home in the desirable Alta Mesa golf community! This move-in ready property features an updated interior with upgraded custom kitchen cabinetry, Corian countertops, stainless steel appliances, decorative stove hood, and abundant storage. Refrigerator, washer, and dryer are all included. The spacious great room showcases a cozy fireplace, while tile flooring extends throughout the main living areas with carpet in the bedrooms for added comfort. The den offers flexibility for a home office, hobby room, or guest space. Enjoy outdoor living in the private gated courtyard or relax under the covered patio. Additional highlights include extra storage cabinets in the garage and access to the heated community pool. Conveniently located near golf, shopping, dining, and freeway access, this well-cared-for home offers comfort, style, and low-maintenance living in the heart of Mesa's sought-after Alta Mesa area.

1235 N Sunnyvale Street Unit 94, Mesa
$325,000
3 Beds ⋅ 2 Baths ⋅ 7044097 MLS ⋅ 1,269 SqFt.
Beautiful turnkey home that was recently updated from top to bottom with brand new flooring, carpets, designer chef's kitchen complete with granite countertops, and stainless-steel appliances, new water heater, brand new windows throughout the home, new sky dome with blackout curtain, brand new A/C plus a brand new mini split a/c in the nursery/office. It has an excellent Security/Alarm System that can be control and view from your phone. Save on your electric bill with a roof Solar System that is installed and will be paid off by SELLER upon sale of the home. Enjoy your private backyard with an extra storage unit. Don't miss this opportunity to live in a desirable neighborhood close to several businesses, walking/bike paths, and well-kept community pool and spa.

2455 E Broadway Road E Unit 103, Mesa
$319,000
3 Beds ⋅ 2 Baths ⋅ 7044089 MLS ⋅ 1,189 SqFt.
Located just North of Downtown Gilbert! This home features 2 Bedrooms plus loft that could be used as a third bedroom, den or office. The home is appointed with granite counters and real hardwood flooring. Two-car tandem garage attached. Enjoy community pool and playground. Excellent dining and entertainment just moments away!

163 W Campbell Court, Gilbert
$314,000
3 Beds ⋅ 2 Baths ⋅ 7044025 MLS ⋅ 1,110 SqFt.
Move in ready! Adorable 3 bedroom, 2 bath townhome in Northpointe II. Great community, low maintenance living. Waterproof vinyl flooring throughout. Washer, dryer and refrigerator included! Two parking spots, one is covered. Common area is maintained by HOA. Three large community pools and 2 hot tubs; Playground, picnic and cookout areas and lots of green paths throughout. Conveniently located close to US-60 and 202 Freeways, restaurants, shopping, city parks, Boeing, McDowell Mountain Region Park, Usery Mountain, Tonto National Forest and plenty of athletic facilities nearby.

5136 E Evergreen Street Unit 1084, Mesa
$295,500
2 Beds ⋅ 2 Baths ⋅ 7043885 MLS ⋅ 1,119 SqFt.
What a find! Your Move in Ready home within the Gated subdivision of Tivoli awaits. A wonderful location in the Golf Course Community of Augusta Ranch. This DR Horton Condo is well situated with a shaded terrace over your 1 car garage and just steps away from the Pool. From the moment you walk into this home you will enjoy the abundance of natural light, vaulted ceilings and an open design. The living and dining areas flow together seamlessly. Wait till you see the large walk-in pantry, stainless appliances, and eat in bar within this updated Kitchen. The bedrooms are separated perfectly with the Master having a nice walk-in closet. You will enjoy having the laundry room and a separate storage room as well. Have comfort in a 2024 variable speed Carrier AC System. Don't wait, Hurry Over!

2024 S Baldwin -- Unit 110, Mesa
$369,900
2 Beds ⋅ 3 Baths ⋅ 7043876 MLS ⋅ 1,318 SqFt.
Immaculate townhome in gated community , lovingly maintained and care for. Main level has a nice front door patio area for private outdoor relaxing. Upgraded features: granite countertops; ''smart'' appliances; flooring, doors, fixtures. Upscale kitchen shares huge great room. Upstairs from here to two large master suites, each with own bath. Plus a bonus, landing space- like an additional room. Home is also available for lease.

300 N Gila Springs Boulevard Unit 282, Chandler
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