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

$224,500
2 Beds ⋅ 2 Baths ⋅ 7030978 MLS ⋅ 903 SqFt.
This is the one! A well maintained 2 bedroom townhome with a full bathroom upstairs and an EXTRA added powder room downstairs. Perfect for guests & entertaining, this great room plan features an open room off the updated kitchen, plus a dining nook. You'll love the solid granite countertops, backsplash and feel of a gourmet kitchen with stainless steel appliances including a counter depth fridge and undermount sink. The pantry runs under the stairwell storage giving you extra space! The home has tile in all the right areas and brand NEW carpet! You'll love the bathroom updates & colors. The roof is less than a year old and will be maintained by the Association along with sewer and trash. Laundry room is off the courtyard and includes the washer and dryer plus extra storage space. The community pool is nearby and ready for the summer swimming season. The outdoor private patio is perfect for mornings and afternoon BBQ's and fully fenced and gated for privacy and convenient for pets. The home includes a covered parking space as well. Close to major shopping, including Mesa Riverview and Cubs facilities, freeway access, including 101, 60 and 202, medical, restaurants and the Fiesta revitalization corridor. Come see if this is your next home.

600 S Dobson Road Unit 92, Mesa
$360,000
3 Beds ⋅ 3 Baths ⋅ 7030960 MLS ⋅ 1,704 SqFt.
Beautifully updated townhome in the heart of Tempe! This move-in ready home offers spacious living areas, abundant natural light, and tasteful upgrades throughout. Upstairs you will find generously sized bedrooms, updated bathrooms, new windows and sliding glass door updated in 2022. Major recent improvements include a NEW ROOF in 2026 and NEW AC in 2024, offering added value and peace of mind. Enjoy the private patio space, covered parking, and low-maintenance living. Conveniently located near ASU, Tempe Marketplace, shopping, dining, parks, and easy access to the 101, 202, and US-60.

1407 E Malibu Drive, Tempe
$429,000
4 Beds ⋅ 3 Baths ⋅ 7030807 MLS ⋅ 1,701 SqFt.
Beautifully maintained by the original owner and never used as a rental! This premium floorplan includes a full bedroom/office on the first floor, perfect for guests, multi-generational living, or working from home. Fresh new interior paint, brand new stainless steel microwave and range. Enjoy high ceilings extending from the second to third floor, creating an open and bright atmosphere throughout. The spacious third floor offers a large loft with endless possibilities for entertainment, game room, or additional living space. Conveniently located just minutes from Chandler Fashion Center, wholesale stores, grocery shopping, dining, and easy access to Loop 101 and Loop 202 freeways. A rare opportunity to own a spacious and well-cared-for home in an excellent location!

900 S 94th Street Unit 1188, Chandler
$280,000
3 Beds ⋅ 2 Baths ⋅ 7030428 MLS ⋅ 1,132 SqFt.
Priced well below competing properties for a quick sale! Incredible opportunity to own a rare single-level corner townhome in one of Tempe's most convenient locations. Perfect for a second home, ASU housing, long-term rental, short-term rental, or investment property. This desirable 3-bed, 2-bath floorplan features vaulted ceilings, open-concept living and dining areas, and a bright kitchen with excellent natural light. Spacious primary suite includes a walk-in closet, private bath, and direct patio access. Two additional bedrooms provide flexibility for guests, office space, or roommates. Enjoy two private patios ideal for outdoor dining, pets, entertaining, or extra storage. Additional highlights include inside laundry, newer A/C, newer flooring, assigned parking, guest parking, and access to the community pool. Excellent access to Loop 101, ASU, Tempe Marketplace, Mesa Riverview, Sloan Park/Cubs Spring Training, shopping, dining, entertainment, and major employment centers. Opportunities at this price point in Tempe are becoming harder to find.

704 S Lebanon Lane, Tempe
$275,000
3 Beds ⋅ 2 Baths ⋅ 7030094 MLS ⋅ 1,118 SqFt.
MOTIVATED SELLER! JUST REDUCED! Beautifully updated 3-bedroom townhome featuring a highly desirable floorplan with one bedroom conveniently located on the main level complete with its own en suite bathroom -- perfect for guests, multigenerational living, or a private office setup. The stylish kitchen has been thoughtfully updated with sleek quartz countertops, white cabinetry, and modern floating shelves, creating a bright and inviting space that flows seamlessly into the main living areas. Cozy up by the fireplace in the living room, while upstairs the spacious primary suite also features its own fireplace for an added touch of warmth and charm. Additional highlights include in-unit laundry, a private and cozy enclosed patio perfect for relaxing and a dedicated 1-car carport

510 N Alma School Road Unit 210, Mesa
$289,000
2 Beds ⋅ 2 Baths ⋅ 7029874 MLS ⋅ 1,119 SqFt.
Completely remodeled 2-bedroom, 2-bath townhome in the heart of Tempe offering the perfect blend of style, convenience, and investment potential! And brand new A/C Unit! Ideally located just minutes from Arizona State University, Phoenix Sky Harbor International Airport, and all the dining, shopping, entertainment, and nightlife that make Tempe one of the Valley's most desirable locations. Enjoy low-maintenance living with a private outdoor patio featuring a spacious storage shed, plus two assigned covered parking spaces. Community amenities are just steps away, while major freeways provide easy access throughout the Valley. With no rental restrictions and Airbnb/VRBO approval, this property is an incredible opportunity for investors, short-term rental owners, students, professionals, or anyone seeking a lock-an-leave lifestyle. Whether you're looking for an investment or your next home sweet home, this Tempe gem checks every box!

3847 S Mill Avenue, Tempe
$440,000
2 Beds ⋅ 2 Baths ⋅ 7029690 MLS ⋅ 1,538 SqFt.
Experience resort-style living in the highly sought-after community of Encanterra Golf & Country Club. This beautifully designed Resort Collection Evia model offers the perfect blend of efficiency, comfort, and low-maintenance lock-and-leave living. Featuring 2 bedrooms plus a flexible den space, this thoughtfully designed floorplan lives larger than its footprint with open-concept living and smart use of space throughout. Encanterra residents enjoy a true resort experience with world-class amenities including championship golf, resort pools, fitness center, pickleball, member clubs, events and concerts. On site private dining at Palma Tap and Kitchen. This community offers a lifestyle unmatched in the southeast valley.

292 E Las Puertas Lane, Queen Creek
$429,000
3 Beds ⋅ 3 Baths ⋅ 7029653 MLS ⋅ 1,647 SqFt.
Wow! GORGEOUS 3-bed, 2.5-bath 3.5-car garage, 3 Story Townhouse Tempe AZ! Luxury and Location! Walking Distance to All the Tempe Hot Spots and the University. One Bedroom Master Suite with Private Balcony. 2 Bedrooms Jack&Jill Pass through Bathroom. Gorgeous Updated Black Tan and White interior shades. Stackable Interior Laundry. Gated Grounds.

1081 W 1st Street Unit 10, Tempe
$299,500
3 Beds ⋅ 2 Baths ⋅ 7029422 MLS ⋅ 1,081 SqFt.
***Motivated Seller*** Beautiful 3 bedroom 2 full bath Condo in Tempe right next to ASU Campus! Freshly Painted, New Flooring, Community Pool, Raised panel cabinets and a breakfast bar. Walk to Resturants ,close to shopping shops on Mill Ave. This is one of a kind floor plan on the 2nd floor with balcony.

510 W University Drive Unit 208, Tempe
$329,900
3 Beds ⋅ 2 Baths ⋅ 7029177 MLS ⋅ 1,413 SqFt.
New price 7/15 * This charming 3-bedroom, 2-bathroom end-unit townhome in gated community offers an unbeatable Tempe lifestyle near Arizona State University, shopping, restaurants, and transportation options. As you enter the home, you are welcomed by soaring ceilings and abundant natural light, creating an open and inviting feel. Just outside, enjoy a generously sized private patio enclosed by a high block wall perfect for relaxing, entertaining, or enjoying added privacy. The desirable floor plan includes one bedroom and a full bath downstairs, with two additional bedrooms and another full bath upstairs. All bedrooms feature walk-in closets, and the home offers exceptional storage throughout. Freshly updated with new interior paint and carpet, this move-in-ready home will also feature . new 2" wood blinds in the great room. The open kitchen overlooks the spacious great room and features granite tile countertops and light wood cabinetry, creating a bright and functional living space. A full-sized washer and dryer are conveniently located inside the unit with added cabinetry above for extra storage. The attached single-car garage provides direct access into the home, plus there is one additional assigned parking space and ample guest parking nearby. Residents enjoy a gated community with a sparkling pool and hot tub, ideal for easy lock-and-leave living. Located just minutes from the free Orbit shuttle, streetcar, and light rail, this home offers quick access to Downtown Phoenix, sports venues, entertainment, and more. Enjoy an easy bike ride to downtown Tempe, campus, and Tempe Town Lake, along with nearby parks perfect for dog walking and outdoor recreation. Close proximity to grocery stores and everyday conveniences makes this an ideal primary residence, investment property, or a smart opportunity to purchase for a student while building long-term equity. This little treasure is not to be missed!

1445 E Broadway Road Unit 120, Tempe
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.