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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

$439,000
3 Beds ⋅ 2 Baths ⋅ 7041955 MLS ⋅ 1,471 SqFt.
Turnkey potential in the heart of Mesa! This townhome combines value with an unbeatable location. Boasting a functional vaulted ceiling floor plan. Enjoy a spacious great room with wood burning fireplace, kitchen featuring granite countertops, breakfast bar, and separate eating area. Other features include an indoor laundry room, large primary with dual en-suite sinks and walk-in closet, wood vinyl plank and carpet flooring, 2-car garage, and an outdoor patio leading to a manicured backyard with grass. This home is an ideal fit for first-time buyers or savvy investors looking for a low-maintenance gem. Don't miss this opportunity to secure your place in a thriving community.

2059 E Brown Road Unit 79, Mesa
$235,000
2 Beds ⋅ 2 Baths ⋅ 7041952 MLS ⋅ 944 SqFt.
Welcome to Fiesta Pointe Townhomes in Mesa. The 2 bedroom/2 bath townhome is ready for its new owner. First floor bedroom and full bath is perfect for guests while the primary bedroom and bath is on the second floor, provides extra privacy. Stainless and black appliances compliment the contemporary black countertops, honey cabinetry and wood laminate flooring throughout. The front entry door is complimented with a gated patio for outdoor living and relaxation.

625 S Westwood Street Unit 103, Mesa
$285,000
2 Beds ⋅ 2 Baths ⋅ 7041920 MLS ⋅ 999 SqFt.
Welcome home to this terrific 2 bedroom 2 bath condo in Tempe. This ground floor unit has lots of upgrades including upgraded kitchen cabinets, granite counter tops, tile flooring and tiled tub surrounds. It is an end unit for privacy and includes a 1 car garage. The AC unit is around 2 years old. The complex has nice green spaces, a community pool and a spa. Great central location too. Buyer to verify all info.

2333 E Southern Avenue Unit 1039, Tempe
$325,000
2 Beds ⋅ 2 Baths ⋅ 7041859 MLS ⋅ 1,086 SqFt.
Affordable Mesa ownership in Moondance Townhomes! This end-unit 2-bedroom, 2-bath single-level residence offers a functional floor plan with a comfortable living area, wood-look flooring, neutral tones, and sliding doors to the back patio. The kitchen features flat-panel cabinetry, built-in appliances, and a convenient serving window to the main living space. The primary suite includes soft carpeting and a private bath. Solar adds an energy-conscious feature for buyers looking for potential utility savings. With low-maintenance living, an accessible price point, and a convenient Mesa location near shopping, dining, freeway access, and everyday amenities, this home is a great option for full-time living, a seasonal retreat, or investment use.

7006 E Jensen Street Unit 67, Mesa
$220,000
2 Beds ⋅ 2 Baths ⋅ 7041857 MLS ⋅ 950 SqFt.
Welcome to this charming single-story end-unit townhome located in a desirable Mesa community. This well-maintained 2-bedroom, 1.5-bath residence offers the convenience of no neighbors on one side, providing added privacy. The functional floorpan offers a spacious great room and generously sized bedrooms. The primary bedroom has a walk-in closet and half bath with access to the full bathroom as well. Outside, the low maintenance backyard features artificial turf, easy access to the community pool, and a private storage room. The cherry on top - the HVAC was replaced in 2025! Don't miss out on this move-in ready, low maintenance home!

6454 E University Drive Unit 9, Mesa
$350,000
2 Beds ⋅ 2 Baths ⋅ 7041783 MLS ⋅ 1,070 SqFt.
Prime Tempe Location in the Highly Desired Brittany Lane Community. Beautiful 2 bedroom, 2 bathroom home located in one of Tempe's most sought-after areas. This charming home sits in the tree-lined Brittany Lane Community, featuring lush greenbelts, HOA-maintained front yards, and a sparkling community pool just steps away. The home offers a desirable floor plan, an inviting living area with fireplace, with granite countertops, inside laundry, ceiling fans, washer, dryer, dishwasher, and a private rear enclosed patio with block fencing. You will love this low maintenance back yard! Enjoy a shaded front courtyard, mature landscaping, and a convenient 2-car garage. Excellent location near shopping, dining, ASU, freeways, and everything Tempe has to offer.

328 W Lodge Drive, Tempe
$314,999
2 Beds ⋅ 2 Baths ⋅ 7041761 MLS ⋅ 1,140 SqFt.
Beautifully updated second-level end unit with no upstairs neighbors & vaulted ceilings. Fully furnished, this move-in-ready home is located just 1.25 miles from ASU & minutes from Sky Harbor Airport, Mill Avenue, Tempe Marketplace, and major freeways. Features include luxury plank flooring, fresh interior paint, no carpet, granite countertops, stainless steel appliances, in-unit laundry, and a newer 2020 HVAC system. Enjoy a spacious great room, large private patio, a primary suite with dual sinks, and a guest bath with a convenient two-room layout. Steps from one of two community pools, with optional RV, boat, & trailer storage available. An excellent investment opportunity or ideal home for college students, young families, seasonal residents, or retirees seeking low-maintenance living.

1905 E University Drive Unit 207, Tempe
$399,900
2 Beds ⋅ 2 Baths ⋅ 7041752 MLS ⋅ 1,246 SqFt.
Welcome to this beautiful townhouse located in the gated neighborhood of Serenity shores in the desirable Fulton Ranch community. This unit is only a few steps away from the community pool/Spa and the gym. The Beautiful neutral flooring and designer paint create a warm, inviting atmosphere throughout. The stunning kitchen features white cabinetry, granite countertops, a gas range, stainless steel appliances, and ample storage - all opening seamlessly to the dining area and family room with a cozy fireplace and custom lighting. Natural light fills the home, highlighting the many upgrades, including plantation shutters and thoughtful finishes throughout..... Relax and entertain on either of the two private patios. Additional features include a two-car garage and a new air-conditioning unit for added peace of mind. Experience the exceptional lifestyle Fulton Ranch offers, including gated access, a community pool, beautifully maintained grounds, walking paths, lakes, and lush green spaces. This is low-maintenance living at its finest. Don't miss this opportunity to call Fulton Ranch home!

4777 S Fulton Ranch Boulevard Unit 2033, Chandler
$425,000
3 Beds ⋅ 3 Baths ⋅ 7041694 MLS ⋅ 1,609 SqFt.
Welcome to an exceptional opportunity to own a private residence in the highly coveted gated community of The Lakes at Annecy. Built in 2006 and meticulously maintained, this move-in-ready home offers 1,609 square feet of thoughtfully designed living space, seamlessly blending comfort, functionality, and modern style. The main living area and kitchen are situated on the second level, where abundant natural light pours in through expansive windows and multiple exposures. A sliding glass door and charming Juliette balcony enhance the bright, open atmosphere, creating an inviting setting for both everyday living and effortless entertaining. The third level serves as a private retreat, featuring a spacious primary suite and two additional bedrooms, thoughtfully designed to accommodate family guests, or a home office. A welcoming front patio provides the perfect place to enjoy your morning coffee, connect with neighbors, or unwind in the evening. Recent updates include fresh interior paint throughout, brand-new carpeting in the bedrooms, and new kitchen appliances, offering a truly turnkey living experience. Residents of The Lakes at Annecy enjoy access to an impressive collection of amenities, including scenic lakes and fountains, tree-lined walking paths, lush green spaces, and three resort-style pools and spas. This beautifully maintained community offers a walkable, low-maintenance lifestyle in one of Gilbert's most desirable neighborhoods. Ideally located just minutes from SanTan Village and with convenient access to the Loop 202 SanTan Freeway, this exceptional home combines privacy, convenience, and community living in a premier location. Discover the lifestyle you've been waiting for and experience all this remarkable home has to offer.

2623 S Balsam Drive, Gilbert
$365,999
3 Beds ⋅ 3 Baths ⋅ 7041599 MLS ⋅ 1,704 SqFt.
Charming Tempe Townhouse with popular 2 level split floor plan. Beautifully upgraded! Quartz counterops, moden appliances and travertine flooring throughout lower level. Spacious 3 bedrooms 2.5 bathrooms home. Conveniently located close to ASU campus, fine dining, coffee shops, public transportation and Freeways.

1609 E Malibu Drive, Tempe
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