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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

$260,000
2 Beds ⋅ 2 Baths ⋅ 7058034 MLS ⋅ 1,130 SqFt.
Stunning, completely remodeled in July 2026 Condo 2 Beds, 1.5 Baths offer low-maintenance living. HOA covers landscaping, water, sewer, trash, Roof repairs and exterior building maintenance. Interior features fresh paint, quartz countertops, new floor, upgraded bathroom. New curtains, New light ceiling fan. Community pool and moving ready. Conveniently located close to ASU, Tempe Market place and tons of Food and Shopping. Very quick and easy access to Freeway 202.

1455 N Alma School Road Unit 40, Mesa
$385,000
3 Beds ⋅ 3 Baths ⋅ 7058015 MLS ⋅ 1,510 SqFt.
Move-in ready townhome in desirable West Main Station Village! This beautifully upgraded 3 Bedroom, 2.5 Bath home features an open floor plan with laminate flooring, granite countertops, stainless steel appliances, upgraded fixtures, a spacious pantry, and ENERGY STAR dual-pane windows. The master suite offers a walk-in closet, dual sinks, and an en-suite bath. Enjoy your own private, cozy patio perfect for morning coffee or relaxing evenings. Attached 2-car garage provides added convenience. Community amenities include a pool, spa, and walking paths. Conveniently located near Mesa Community College, Valley Metro Light Rail, shopping, dining, and easy access to the US-60, Loop 101, and Loop 202. Low-maintenance living at its best!

1406 W Main Street Unit 137, Mesa
$341,000
2 Beds ⋅ 3 Baths ⋅ 7057994 MLS ⋅ 1,456 SqFt.
NEW AC, NEW ROOF, REMODELED KITCHEN! Move in ready townhome located in a gated community. Well maintained 2 story situated adjacent to greenbelt. Walk up to your beautiful pavered patio complete with built in fireplace. Inside you'll see a light and bright floorplan, with newly remodeled kitchen complete with quartz counters and plenty of storage. Half bath located downstairs. Upstairs you will find 2 large Primary suites each with full baths, walk-in closets and walk out private balcony. Buit-in desk conveniently located on the loft along with enclosed washer and dryer. Unit has attached 2 car garage. Community has pool and spa. Amazing location close to shopping and the freeways. Don't miss out on this beauty!!

6710 E University Drive Unit 171, Mesa
$230,000
1 Beds ⋅ 1 Baths ⋅ 7057964 MLS ⋅ 865 SqFt.
This 1 bedroom plus loft, 1 bath residence in Mesa Coronado community in Mesa, AZ, close to freeways, shopping and dining is perfect for a full-time resident, a winter visitor looking for lock/leave seasonal home or an investor! It has been fully refreshed with new carpet, new neutral tone interior paint for any decor, all new appliances including new refrigerator and washer and dryer. Kitchen features stainless steel appliances, granite counters with breakfast bar and coordinating tile backsplash. The nice size bedroom includes spacious walk-in closet and bathroom offers granite countertop and tile surround shower/tub. Loft creates additional living space and has a closet and portable divider which makes it convenient for a second bedroom or visiting guests! Nice patio with storage room!

1432 W Emerald Avenue Unit 757, Mesa
$475,000
3 Beds ⋅ 3 Baths ⋅ 7057935 MLS ⋅ 1,618 SqFt.
Discover the charm of sought-after Alta Mira in South Tempe! Nestled in a quiet, beautifully maintained community, this move-in ready 3-bedroom, 2.5-bath townhome is updated throughout. Soaring vaulted ceilings, abundant natural light, a cozy fireplace and a stunning designer kitchen create an inviting space for everyday living and entertaining. Rare dual primary suites include one on the main level and a second upstairs with a private ensuite and dedicated split A/C. Enjoy a 2-car garage, extra storage, RV parking, plus a community pool, spa, tennis and pickleball courts. Ideally located with easy access to ASU, Downtown Tempe, Tempe Marketplace, major freeways, and walking distance to shopping, dining, and neighborhood favorites.

1843 E Sarah Lane, Tempe
$395,000
2 Beds ⋅ 2 Baths ⋅ 7057908 MLS ⋅ 1,104 SqFt.
This charming 2-story townhome in the gated Villagio at Tempe is move-in ready! It features 2 bedrooms, 2 bathrooms, & a 1-car garage with epoxy floors. The interior boasts vaulted ceilings, a neutral palette, tile & wood-look flooring t/out, and tons of natural light for a fresh & airy feel. You'll love the separate dining room! The open layout connects the kitchen & living areas, perfect for entertaining. A walk-in pantry, wood cabinetry, granite counters, and peninsula w/breakfast bar make up the culinary space. The main suite includes a private bath with a walk-in closet! It also includes access to the cozy balcony for outdoor relaxation. Enjoy access to the nearby sparkling pool & spa and a greenbelt, just behind the building! Directly across from spring training! Don't miss this gem!

2401 E Rio Salado Parkway Unit 1139, Tempe
$275,000
3 Beds ⋅ 2 Baths ⋅ 7057853 MLS ⋅ 1,144 SqFt.
Fresh, clean, and move-in ready! This Tempe condo features brand-new flooring throughout and a freshly repainted interior. The functional layout includes three bedrooms, two bathrooms, a spacious living area, and a private enclosed patio with additional exterior storage. The refrigerator, washer, and dryer are all included. An assigned covered parking space is conveniently located just outside the gate to the home. Great Tempe location near ASU, with easy access to the Loop 101 and 202 freeways, shopping, dining, and entertainment. Whether you're looking for a primary residence, housing near ASU, or an investment property, this condo is ready for its next owner!

826 S Casitas Drive Unit B, Tempe
$365,000
3 Beds ⋅ 2 Baths ⋅ 7057771 MLS ⋅ 1,380 SqFt.
Welcome home to this BEAUTIFULLY MAINTAINED 3 bedroom, 2 bathroom townhome in the sought after Tesoro at Greenfield community. The thoughtfully designed OPEN-LAYOUT offers a spacious floor plan with rich HARDWOOD flooring, VAULTED ceilings, and abundant NATURAL LIGHT that creates an inviting atmosphere throughout. The kitchen is well appointed with GRANITE countertops, wood cabinetry, built in appliances, a center ISLAND with breakfast bar seating, and plenty of counter space. A DOWNSTAIRS OFFICE provides the flexibility to create the perfect home workspace, playroom, or additional living area to fit your lifestyle. Upstairs, the private primary suite features a WALK-IN closet and an ensuite bath with DUAL VANITIES, while the additional bedrooms offer comfortable space for family or guests. Step outside to a low maintenance backyard complete with ARTIFICIAL TURF and a COVERED PATIO, perfect for relaxing or enjoying Arizona evenings. A rear entry 2 CAR garage and access to the community POOL add even more convenience. One of the community's most desirable floor plans paired with an unbeatable location just minutes from Downtown Gilbert's popular restaurants, shopping, and entertainment, plus CONVENIENT FREEWAY access, makes this home an exceptional place to call home.

1350 S Greenfield Road Unit 1202, Mesa
$439,999
3 Beds ⋅ 3 Baths ⋅ 7057755 MLS ⋅ 1,399 SqFt.
Welcome to this beautifully maintained 3-bedroom, 2.5-bath home in desirable Gated Villagio at Tempe! Across from Cubs stadium, near all shopping! Located on the quiet side of 280 S Evergreen with abundant guest parking, this home offers an east-facing orientation for morning sun without the intense afternoon heat. Enjoy a private backyard with no neighbors directly behind. The HOA covers exterior maintenance, roof, blanket insurance, and exterior pest control. Updates include a high-efficiency 16 SEER A/C ( 5 years old), newer water heater, granite countertops, and refreshed downstairs flooring in 2025. Pride of ownership and consistent maintenance throughout! This one is the right one for you and your family. 2 Car garage and fresh backyard for you to imagine with pavers and

280 S Evergreen Road Unit 1247, Tempe
$499,900
3 Beds ⋅ 2 Baths ⋅ 7057754 MLS ⋅ 1,862 SqFt.
Welcome to 326 E. Huntington Dr., Tempe, AZ 85282, where modern upgrades, an unbeatable location, and exceptional privacy come together to create the perfect place to make home. This beautifully renovated, move-in-ready townhome has been thoughtfully updated from top to bottom, offering the ideal combination of style, comfort, and low-maintenance living. From the moment you step inside, you'll appreciate the bright, open layout, contemporary finishes, and inviting living spaces designed for both everyday living and effortless entertaining. Every detail has been carefully considered, making this home truly turnkey so you can simply move in and start enjoying everything Tempe has to offer. What truly sets this home apart is its premium location within the community. Unlike most units, this desirable townhome is uniquely surrounded by expansive grassy common areas to the right side and rear of the property, creating a peaceful setting with added privacy, beautiful views, and a spacious feel that's rarely available. Enjoy your morning coffee or unwind after a long day on the private patio while overlooking the lush greenbelt instead of neighboring homes. MAJOR 2026 UPDATES INCLUDE: AC REPLACED 2026 ROOF RECOATED 2026 ALL SEWER LINES RELINED 2026 Location is everything, and this home delivers. Ideally situated in the heart of Tempe, you're just minutes from Arizona State University, Tempe Marketplace, Mill Avenue, Sloan Park, Tempe Town Lake, top-rated restaurants, shopping, entertainment, and endless recreation. Commuting is effortless with quick access to Loop 101, Loop 202, US-60, and I-10, placing the entire Valley within easy reach. Whether you're a first-time homebuyer, investor, busy professional, or looking to downsize without sacrificing quality or location, this home checks every box. Opportunities like this don't come around often, especially with extensive recent improvements, unmatched privacy within the community, and a prime Tempe location. Homes with this level of updating, privacy, and location don't stay on the market long. Experience everything this exceptional townhome has to offer!

326 E Huntington Drive, Tempe
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