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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

$310,000
2 Beds ⋅ 2 Baths ⋅ 7021570 MLS ⋅ 1,174 SqFt.
Remodeled move-in ready gem with no common walls in 55+ gated enclave with ZERO capital improvement fee! Enjoy modern finishes, newer luxury vinyl plank, natural light from skylights, seating at engineered granite countertop island. Desirable split bedrooms w/ensuite baths provide privacy. You'll love the indoor outdoor living with a 3-panel glass slider to extended covered patio at fenced private prof landscaped yard w/synthetic turf. Recent improvements include 2_yr new AC & 2_yr new roof. Extra storage with built-in cabinets at 2Car garage. Community amenities include heated pool & spa. HOA maintains front landscaping. Ideal locale near fwy, shopping, dining, Cubs spring training, 20-22minutes to main airports.

5445 E Mckellips Road Unit 21, Mesa
$420,000
3 Beds ⋅ 2 Baths ⋅ 7021463 MLS ⋅ 1,368 SqFt.
Experience elevated living in this beautifully upgraded Gilbert home, featuring wood plank tile flooring, granite countertops, and spa inspired renovated bathrooms. The open, modern layout extends to a private balcony, perfect for morning coffee or sunset views. Located in a premier community offering serene lakes, resort style pools, lush parks, greenbelts, and an exclusive clubhouse, this home blends upscale comfort with an exceptional lifestyle. All just minutes from top dining, shopping, malls, and major freeways in the heart of Gilbert.

2730 S Pewter Drive Unit 103, Gilbert
$349,500
2 Beds ⋅ 2 Baths ⋅ 7021257 MLS ⋅ 1,729 SqFt.
Charming and move-in ready, this adorable townhome offers the perfect blend of comfort and convenience! Featuring 2 spacious bedrooms and 2 beautifully updated bathrooms, this home is thoughtfully designed with modern finishes throughout. The updated kitchen shines with stylish cabinetry, sleek countertops, and ample storage, flowing effortlessly into the open living space--perfect for entertaining or relaxing. A versatile bonus room provides the ideal space for a home office, gym, or guest area. Step outside to enjoy your private covered patio, perfect for morning coffee or evening unwinding. Ideally located near ASU, Sloan Park, Riverview shopping center, the community pool, and just minutes from the airport, this home offers low-maintenance living in a prime location!

332 N Dobson Road Unit 22, Mesa
$299,900
2 Beds ⋅ 2 Baths ⋅ 7021096 MLS ⋅ 972 SqFt.
$28,000 price drop on an exceptionally stylish Tempe condo close to Arizona State University! Modern single-level split bedroom floor plan with vaulted ceilings, clerestory windows & open layout filled with natural light. Fully updated with premium tile flooring, glass enclosed walk in shower in primary bath, granite countertops, stainless appliances, satin nickel fixtures & designer finishes throughout. Spacious private backyard features covered patio, mature orange tree & extra storage room. Inside laundry/pantry, covered parking beside front door & outstanding functional layout. One of the most impressive condos in the area -- discover it & make it yours before it is gone. :)

633 W Southern Avenue Unit 1152, Tempe
$340,000
4 Beds ⋅ 3 Baths ⋅ 7020919 MLS ⋅ 1,536 SqFt.
Minutes from Arizona State University and the Mill Avenue district. This NEWER ROOF, NEWER A/C, and NEW WATER HEATER- 2-story townhome offers 1,536 sq ft with 4 bedrooms and 2.5 bathrooms, All the major components have been handled, that's real peace of mind from day one. Inside you will get a move-in ready feel with tile in the main living areas and vinyl flooring throughout the bedrooms--no carpet anywhere. Updated shaker-style white cabinetry, stainless steel appliances, and a modern backsplash give the kitchen a fresh, finished look. Ceiling fans in every room add comfort throughout. Whether you're buying to live in or invest, the flexibility is there. Currently tenant-occupied on a month-to-month lease, with tenants open to staying. If you've been waiting for the right Tempe opportunity at the right price--this is one you don't sit on.

3941 S Mill Avenue, Tempe
$329,000
2 Beds ⋅ 3 Baths ⋅ 7020837 MLS ⋅ 1,135 SqFt.
This beautifully maintained condo reflects true pride of ownership. Ideally situated within the community, the unit offers a rare combination of privacy and peaceful green space views from the patio. The kitchen is efficiently designed with stainless steel appliances and a functional layout that makes the most of the space. Thoughtful updates throughout the home include upgraded wood flooring, window shades, patio door shade, and updated lighting. Additional conveniences include a large washer and dryer, a built-in water softener, and a single-stall attached garage. Enjoy outdoor living on the nicely finished patio--perfect for relaxing or dining. The community also features a pool and a low HOA fee, adding to the ease of ownership.

1350 S Greenfield Road Unit 1216, Mesa
$210,000
1 Beds ⋅ 1 Baths ⋅ 7020711 MLS ⋅ 705 SqFt.
Come and check out this move-in ready condo! The property is super close to Downtown Chandler and it's in a Gated Community! This cozy 1-bedroom, 1-bath ground-floor property offers comfort, convenience, and style, with crown molding and a Bead board ceiling. With 705 square feet of thoughtfully designed living space, this home is perfect for first-time buyers, seasonal residents, or anyone looking for low-maintenance living. Step inside to find a bright and inviting family room featuring, a cozy tiled fireplace, and an open layout that flows into the dining area. The Kitchen is equipped with Stainless steel appliances, raised panel cabinet doors with decorative pulls. The bathroom has a Walk-in-Shower and a granite countertop for the sink! Full Washer and dryer Inside the unit too There is good storage here and a covered patio, all next to the greenbelt area! Hot water heater is about 2 years old!! This property is Just 1.5 miles away from the heart of Downtown Chandler, and puts you right around the corner from one of the East Valley's most vibrant dining scenes, shops and live music options. Whether you're in the mood for a laid-back patio brunch, craft cocktails, or a lively night out, you'll have it all within minutes. Fun Living here means your weekends can be spontaneous, your evenings effortless, and your social calendar as full (or relaxed) as you want it to be, all just minutes from your front door. There are more than 4 dozen locally owned restaurants and here are a few to check out: SanTan Brewing Company, The Perch Brewery, The Hidden House, Crust Simply Italian, DC Steak House, Blacksheep Wine Bar, The Brickyard Downtown, Elliot's Steakhouse, The Maple House, Murphy's Law Irish Pub, Craft 64 Chandler, Acqua di Mare, Snooze, an A.M. Eatery, Over Easy Plus you have the Downtown Chandler Farmers Market and Chandler Center for the Arts for many events!! The Crowne Plaza Phoenix-Chandler Golf Resort and Hilton Garden Inn too!

1075 E Chandler Boulevard Unit 104, Chandler
$405,000
3 Beds ⋅ 2 Baths ⋅ 7020541 MLS ⋅ 1,742 SqFt.
Here's your rare chance to own arguably the best Lakefront lot in La Mariposa Villas! Walking into this generously sized 3 Bed, 2 Bath you're instantly greeted with high ceilings and flooded with tons of natural light, highlighted by the direct lake views. This home has everything you need and want including a large primary suite with direct access to your patio with hot tub, ensuite primary bath with walk-in closet. The kitchen was recently remodeled with stainless steel appliances and tons of counter space. Your new flooring encompasses every square foot of this open floor plan. Enjoy the outstanding location and amenities including steps away from the community pool, easy guest parking, and tennis courts. Plenty of storage space with your 2-car garage. Shortlist this one!

1360 E Brown Road Unit 28, Mesa
$287,900
3 Beds ⋅ 3 Baths ⋅ 7020408 MLS ⋅ 1,255 SqFt.
**NEW A/C!** VERY well cared for Condo in a gated Community. Great location! This condo features a 2 car garage, new white kitchen cabinets 2021, fresh interior paint 2025, new updated light fixtures 2025, new roll down blinds downstairs 2024, new hot water heater in 2024, & updated shower in main bath 2024. Half bath is downstairs. 3 bed, and 2 baths upstairs. The new roof was completed by HOA within the last 2 years. All tile downstairs, including the stairs. NEW carpet upstairs Aug 2025! Full size washer & Dryer in hallway upstairs. Must see this adorable, CLEAN condo!

125 S 56th Street Unit 153, Mesa
$318,900
3 Beds ⋅ 2 Baths ⋅ 7019842 MLS ⋅ 1,339 SqFt.
Check out this charming 3-bedroom townhome! Explore the inviting living areas, featuring soft carpeting underfoot, tile in all the right places, track lights, and an earthy palette that makes every space feel warm and welcoming. The kitchen is complete with ample cabinetry, plenty of counter space, and built-in appliances for a seamless cooking experience. Get a good night's sleep in the main retreat, offering attached cabinetry for ample storage, a walk-in closet for added organization, and a private bathroom. The bonus is perfect for an office or pet space. Out back, you'll have an easy-care patio, perfect for weekend grills and peaceful evenings. What are you waiting for? Come see it before it's gone!

636 N Lesueur Circle, Mesa
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