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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

$370,000
3 Beds ⋅ 2 Baths ⋅ 7029016 MLS ⋅ 1,310 SqFt.
Designer finishes, luxury upgrades, and the award-winning Eastmark lifestyle come together in this exceptional 3-bedroom, 2-bath home. Every detail has been thoughtfully designed w/premium finishes and custom upgrades throughout. The spacious owner's suite offers a luxurious retreat featuring dual vanities, a walk-in shower, and a custom-designed walk-in closet. The gourmet kitchen is sure to impress with stainless steel appliances, quartz countertops, a designer backsplash, a breakfast bar, and abundant cabinetry. The open-concept great room boasts soaring ceilings, a custom fireplace, and an expansive sliding glass door that opens to a private balcony, creating the perfect space for relaxing or entertaining. Enjoy the award-winning Eastmark lifestyle w/exceptional community amenities including a resort-style pool, splash pad, game center, community farm, coffee shop, restaurant, lakes, skate park, dog park, volleyball, basketball and baseball courts, playgrounds, frisbee golf, walking trails, and year-round community events. Conveniently located with easy freeway access and just minutes from shopping, dining, and entertainment. This exceptional home truly offers the perfect blend of luxury, comfort, and convenience.

9923 E Wavelength Avenue, Mesa
$349,500
3 Beds ⋅ 2 Baths ⋅ 7028802 MLS ⋅ 1,571 SqFt.
Welcome to resort-style living in the prestigious gated community of Province -- an exclusive active adult neighborhood offering 24-hour guarded security, incredible amenities, and a vibrant lifestyle. This absolutely stunning 1,500+ square foot home combines comfort, elegance, and low-maintenance living in one beautifully designed package. Inside, you'll find soaring 9-foot ceilings, three spacious bedrooms, and two full bathrooms thoughtfully laid out for both everyday comfort and entertaining. Tasteful ceramic tile and luxury vinyl flooring throughout provide beauty and easy maintenance. The spacious primary suite is a peaceful retreat featuring a charming bay window overlooking the private backyard, while the en suite bathroom offers dual sinks, a spacious shower, and an oversized walk-in closet. The heart of the home is the expansive family room, kitchen, and dining area -- ideal for relaxing evenings or hosting family and friends. A cozy gas fireplace adds warmth and ambiance during Arizona's cooler months. The beautifully upgraded kitchen features rich cherry wood cabinetry with pull-out drawers in all lower cabinets, abundant granite countertop space, and plenty of room for cooking and entertaining. The dining area easily accommodates a large table and offers lovely views of the patio and backyard oasis. The two-car garage, conveniently accessed through the laundry room, includes extensive built-in cabinetry and attractive epoxy flooring for a clean, organized appearance. Step outside to your private patio and lush backyard retreat where colorful landscaping creates a serene desert oasis perfect for relaxing mornings or evening gatherings. Additional upgrades including sunscreens, whole-house water filtration, and a reverse osmosis system enhance the efficiency and comfort of this exceptional home. Living in Province means enjoying world-class amenities designed for an active and social lifestyle. Residents have access to media rooms, game rooms, a library, pickleball and tennis courts, indoor and outdoor pools, a heated spa, fitness center, and countless community activities that make it easy to connect with neighbors and stay active year-round. Even better, the HOA assessment includes roof maintenance, exterior home maintenance, and front yard landscaping -- giving you more time to enjoy everything this incredible community has to offer. This is more than just a home -- it's the lifestyle you've been waiting for.

41975 W Ellington Lane, Maricopa
$280,000
2 Beds ⋅ 2 Baths ⋅ 7028699 MLS ⋅ 1,336 SqFt.
Beautifully maintained property in a highly sought-after North Mesa townhome community! The kitchen offers oak cabinetry, newer countertops, black appliances, built-in microwave, and refrigerator included. Wood flooring in main living and carpet in bedrooms. Spacious primary suite with walk-in closet. Major updates include A/C replaced in 2017 and water heater in 2016. Attached 2-car carport plus TWO storage sheds provide excellent storage. Enjoy the private courtyard with tiled flooring, pergola, and lush plants. Screen doors, washer, dryer, and fridge all convey! Resort-style community amenities include clubhouse, pool, basketball court, playground, mature trees, and greenbelts. Prime location near the 202, 101, Tempe, Scottsdale, and ASU!

1550 N Stapley Drive Unit 79, Mesa
$299,900
3 Beds ⋅ 2 Baths ⋅ 7028514 MLS ⋅ 1,400 SqFt.
Just Reduced - Don't Miss This Opportunity! Welcome to this stunning 3-bedroom, 2-bath townhome in a gated Mesa community. Perfectly situated near Mesa Riverview, Tempe Marketplace, and Sloan Park, this home offers unbeatable access to Loop 101, US-60, and Sky Harbor. Inside, discover modern charm with a spacious living area, sleek two-tier breakfast bar, granite counters, and stainless appliances. Retreat to the primary suite featuring a walk-in closet and spa-like shower. Enjoy morning coffee on your private balcony or relax at the sparkling community pool. An attached garage adds everyday convenience. Close to ASU, MCC, and Banner Desert, this move-in-ready home offers exceptional value in the heart of it all. Turn the key and make this vibrant lifestyle yours today!

805 S Sycamore Street Unit 203, Mesa
$355,000
2 Beds ⋅ 2 Baths ⋅ 7028490 MLS ⋅ 1,397 SqFt.
BIG $25K PRICE DROP! LOCATION! LOCATION! ROOMY 2 BEDROOM, 2 BATH SINGLE LEVEL TOWNHOME OR PATIO-TYPE HOME THAT GIVES YOU THE FEELING OF PRIVACY AND EASY CARE LIVING. THE KITCHEN IS SPACIOUS WITH LOADS OF CABINETS WITH NEW COUNTERTOPS AND SINK/FAUCET, ALL NEW VINYL WOOD LOOK PLANK FLOORING T/O EXCEPT THE 2 BEDROOMS HAVE NEW PLUSH CARPET, NEW PAINT INSIDE/OUT, THE LARGE GREAT ROOM HAS A WOOD BURNING FIREPLACE, THE LARGE MASTER BEDROOM HAS A WALK-IN CLOSET, WITH DOUBLE SINK VANITY IN BATH. HUGE INSIDE LAUNDRY INCLUDES BUILT-IN DESK, THE NEWLY PAINTED GARAGE HAS UTILITY SINK WITH CABINETS, LARGE ENTERTAINING COVERED PATIO HAS TILE FLOORING AND A BUILT-IN GAS BBQ. THE HOA MAINTAINS THE YARD, MAKING A NO BRAINER FOR CARE. COME IN AND RELAX AND YOU WILL SOON FIND THE COMFORT THIS HOME HAS TO OFF

507 W Knox Road, Chandler
$355,000
3 Beds ⋅ 3 Baths ⋅ 7028280 MLS ⋅ 1,704 SqFt.
Freshly painted, all wooden flooring and no carpet. Two car assigned parking and walkable distance to shopping area. Close to aldi, fry's Walmart and lot of other areas. Close to ASU and good for college students if they want to share the rooms.

3320 S Juniper Street, Tempe
$495,000
2 Beds ⋅ 2 Baths ⋅ 7028188 MLS ⋅ 1,342 SqFt.
This absolutely STUNNING, one of a kind, designer Loft at the Orchidhouse shows as well as it did when it was featured in 'Desert Living' Magazine! Offering Downtown Tempe living at it's absolute finest, this 2 bedroom, 1.5 bathroom, modern dwelling places you right in the heart of shopping, dining, theatre, sports, and the cultural center! Completely Move In Ready... wood style flooring and tile installed throughout. Boasts a modern glass waterfall fountain! This is a must see loft for any clients with modern design taste! Mere moments away from Mill Avenue, Tempe Town Lake, the Light Rail, and Mill Ave Streetcar, this loft is certainly one of the nicest in Downtown Tempe, if not the entire valley!!

21 E 6th Street Unit 510, Tempe
$299,999
2 Beds ⋅ 2 Baths ⋅ 7028028 MLS ⋅ 999 SqFt.
FULLY FURNISHED all appliances included!!! Beautifully updated 2 bed, 2 bath ground-floor, corner unit located in the desirable Hudson Trace community in Tempe. Turn key unit was completely remodeled in 2022 offering an open layout with vaulted ceilings, fireplace and tile floors throughout plus a stacked washer/dryer. Kitchen has stainless steel appliances, granite counters with a pantry. Private covered patio, attached 1-car garage, new HVAC installed in 2022 and just serviced in May 2026, and low-maintenance living with no exterior upkeep. Amenities include a rec center, fitness center, pool, and spa. Conveniently located near shopping, dining, freeway access, airport and ASU. Perfect for seasonal living, first time home buyer or investors seeking low maintenance and a great value!

2333 E Southern Avenue Unit 1073, Tempe
$330,000
3 Beds ⋅ 2 Baths ⋅ 7027973 MLS ⋅ 1,113 SqFt.
Welcome home to Casa Tierra -- one of Chandler's most beloved communities. This rare 3-bedroom, 2-bath townhouse offers the kind of warmth and ease that's hard to find. Step inside to soaring vaulted ceilings, a cozy living room fireplace, and a private courtyard ideal for morning coffee or evening entertaining. The open kitchen delivers generous counter space and storage that actually works. Thoughtful upgrades throughout -- double pane windows, a newer AC unit, laminate wood flooring in the bedrooms, and a beautifully remodeled primary bath. Outside your door: a sparkling community pool and hot tub, manicured grounds, and quick access to top-rated schools, dining, shopping, and freeway connections. Whether you're planting roots or finding your Arizona retreat, this one checks every box!

2019 W Lemon Tree Place Unit 1145, Chandler
$229,900
2 Beds ⋅ 2 Baths ⋅ 7027966 MLS ⋅ 1,018 SqFt.
This unit offers a prime location, being conveniently situated near shopping, Banner hospital, and Mesa Community College. The renowned Dobson Ranch Golf Course is located across the street, boasting an 18-hole course and a fantastic restaurant. Residents can easily walk to a grocery store and a variety of restaurants, ranging from pizza to pierogis! Additionally, doctor's offices are close by with local churches in the vicinity. Plus easy access to two freeways within a 5-minute drive enables effortless travel throughout the valley! A Home Warranty is included for 1 year for peace of mind. A perfect winter getaway or a great starter home!

1920 W Lindner Avenue S Unit 170, Mesa
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