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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

$275,000
2 Beds ⋅ 2 Baths ⋅ 6985328 MLS ⋅ 1,079 SqFt.
Located in the gated 55+ community of Fountain of the Sun, this well-maintained 2-bedroom, 1.75-bath townhome features a desirable corner location, a rare private patio, and guest parking conveniently located right next to the unit. Enjoy an active lifestyle with access to a beautifully maintained golf course, a full calendar of activities, and a pool and hot tub just a short walk away. The community is walkable and bike-friendly, making it easy to stay active and enjoy Arizona sunshine year-round. Ideally situated within the community, this home has been thoughtfully cared for and offers comfortable, low-maintenance living. Please note: this phase of townhomes does not allow pets.

537 S Palo Verde Way, Mesa
$369,900
3 Beds ⋅ 2 Baths ⋅ 6985215 MLS ⋅ 1,310 SqFt.
Discover this lovely two-story townhome in the sought-after Towns at Eastmark! Inside, you'll find a bright and comfortable open layout designed with comfort in mind, where you'll spend enchanting moments. The eat-in kitchen features ample cabinetry, spacious counters, and essential appliances. Get a good night's sleep in the main bedroom, offering a bathroom for privacy. The balcony is the perfect spot for relaxation-imagine yourself enjoying your favorite drink in peace! Great location close to top-rated schools, parks, and the freeway! Hurry up, this one won't last!

9845 E Gamma Avenue, Mesa
$285,000
2 Beds ⋅ 1 Baths ⋅ 6984726 MLS ⋅ 1,073 SqFt.
Welcome to this charming 2-bedroom townhome with a new roof that proves great living doesn't require extra square footage--just smart design. First perk? An attached carport, because hunting for parking should not be part of your daily routine. Step inside to a bright and inviting living room featuring a new decorative wall panel, new baseboards that are perfect for bringing in natural light or stepping out for a breath of fresh air. The kitchen strikes the perfect balance of style and function, with butcher block countertops, a tile backsplash, new lighting, built-in appliances, and a pantry ready to keep everything organized (including that snack stash you definitely don't share). Both bedrooms offer comfortable, well-designed spaces that feel like your own private retreat, ideal for restful nights, a home office setup, or whatever your lifestyle calls for. The bathroom features dual sinks, making busy mornings just a little more civilized. Out back, you'll find a covered patio for relaxing evenings, paved space for easy outdoor living, and a convenient attached shed for extra storage because holiday décor and "I might need this someday" items deserve a home too. Low maintenance, new closet doors, thoughtfully laid out, and full of charm, this townhome is designed to simplify your day-to-day. And if it's checking your boxes, it's probably checking someone else's too.

5308 S La Rosa Drive, Tempe
$460,000
2 Beds ⋅ 2 Baths ⋅ 6984722 MLS ⋅ 1,492 SqFt.
Beautiful Views from this unit, welcome to the best views of Superstition mountain, Two bedroom split floor plan offers east facing patio for morning coffer enjoying the morning sun and open golf course views. New roof being replaced March 2026. Pullout cabinets throughout kitchen.

11250 E Kilarea Avenue Unit 254, Mesa
$394,900
1 Beds ⋅ 1 Baths ⋅ 6984508 MLS ⋅ 882 SqFt.
Truly one of a kind, 1 Bed, 1 Bath, 882 s.f., 11ft Ceilings, loft style exposed ductwork! Here is a rare opportunity for any future urban dweller. This Loft at the Orchidhouse boasts amazing views and great SUNLIGHT from its expansive 3rd floor windows. Customizations galore!! Wood floors, custom painting, custom cut art glass, built-ins, stainless steel, and exposed brick walls. Recently remodeled bathroom with W/D and stainless steel kitchen appliances. Absolutely perfect for entrepreneurs looking for a LIVE-WORK flex space or for any urbanite searching for their very own home in the modern world! Enjoy Mill Avenue's shopping, dining & the Metro light rail, Mill Ave Streetcar, Whole Foods Market, Tempe Town Lake, ASU and all of Downtown Tempe's entertainment right out your front door!

21 E 6th Street Unit 311, Tempe
$271,000
2 Beds ⋅ 2 Baths ⋅ 6984053 MLS ⋅ 1,227 SqFt.
Welcome to this charming 2-bed, 2-bath townhome in Muirfield Village Condominium! The inviting interior showcases abundant natural light, a neutral palette, and soft carpet & tile flooring throughout. You'll love the seamlessly flowing open layout, perfect for everyday living & entertaining! The kitchen boasts black matching appliances, ample wood cabinetry, a pantry, and a 2-tier island w/breakfast bar. Enter the primary bedroom to find a full bathroom for added comfort. The sliding doors from the dining space open to the cozy balcony, where you can relax while enjoying your favorite beverage! This gem also includes an attached 1-car garage, ensuring secure parking and extra storage. Take advantage of the Community pool, spa, and playground. Excellent Mesa location! Don't miss this gem!

1255 S Rialto -- Unit 134, Mesa
$449,500
3 Beds ⋅ 2 Baths ⋅ 6984002 MLS ⋅ 1,732 SqFt.
Welcome to Tempe's Shalimar East, a well-maintained, stable community with mature landscaping and a quiet atmosphere. Homes rarely come up for sale, reflecting residents' long-term satisfaction. This turn-key residence offers both privacy and comfort. This home combines modern updates with timeless design. Step inside to a soaring vaulted ceiling and a light, bright great room floor plan that creates an open, inviting atmosphere. The beautifully remodeled kitchen features stainless steel appliances, granite countertops, a breakfast bar, and ample cabinetry (soft close, of course)-perfect for both everyday living and entertaining. Enjoy the gorgeous Arizona days from your private courtyard. This property backs to a lush grassy common area with the sparkling community pool just steps away, creating a resort-like feel. The home showcases renovated bathrooms, updated flooring, neutral paint tones, and stylish lighting and ceiling fans throughout. Modern floating stairs add a contemporary touch to the interior design. All three of the bedrooms are spacious and comfortable. There are two bedrooms up with a full bath to share, and one bedroom down with a powder room. **The seller is willing to install a shower & vanity downstairs if the buyer is interested**. See example photos in the gallery. Additional highlights include a spacious two-car garage. A definite bonus to most townhome floor plans. This is the perfect lock-and-leave property! The flat roof portion was resurfaced in Jan/Feb 2026. The tile portion in 2022. The a/c unit is newer, replaced in 2020, and the water heater in 2024. All new double-pane windows, and an Arcadia door on all west-facing windows. The stackable washer/dryer and refrigerator all convey! The big-ticket items have been taken off your to-do list! Tempe has so much to offer. A central location close to shopping, dining, great golf courses, Arizona State University, The Botanical Garden, Phoenix Zoo, Papago Park, and the list goes on and on. Easy access to the 101, 202, and US-60, yet the neighborhood feels tucked away from the city's hustle. Shalimar East combines the best of Tempe living: central convenience, peaceful surroundings, and a true sense of community. Visit today, you'll be happy you did!

3147 S Fairfield Drive, Tempe
$260,000
2 Beds ⋅ 2 Baths ⋅ 6980662 MLS ⋅ 934 SqFt.
NEW PRICE! Great opportunity to own a 2-bedroom, 2-bath lower-level townhome offering 934 sq. ft. in a highly desirable Tempe location. This functional floor plan features comfortable living spaces, a private courtyard patio, and convenient ground-floor access.Enjoy community amenities including a sparkling pool and well-maintained common areas, all just minutes from ASU, shopping, dining, entertainment, major freeways, and everyday conveniences. Sold AS IS, this home presents an excellent opportunity for a first-time buyer, student, or investor. While it could benefit from some cosmetic updates and TLC, it offers the chance to personalize the space, add value, and build equity in one of Tempe's most sought-after locations.Don't miss this affordable opportunity to make it your own!

1905 E University Drive Unit 102, Tempe
$399,900
3 Beds ⋅ 3 Baths ⋅ 6980555 MLS ⋅ 1,618 SqFt.
THIS IS THE ONE! 3-bedroom with a 2-car garage is move-in ready and filled with upgrades, including a new roof, newer AC unit, new interior and exterior paint, new flooring throughout, and new appliances and more! Soaring vaulted ceilings create a bright, open feel in the spacious living and dining area, complete with a cozy fireplace. The kitchen features stainless steel appliances, white cabinetry, and ample counter space. The primary bedroom offers backyard access and a private bath with dual sinks. Relax outdoors or enjoy the community pool, spa, and amenities—this charming home truly has it all! Conveniently located close to dining, shopping, and freeway access! This wont last long!

1906 E Calle De Arcos Drive, Tempe
$243,000
3 Beds ⋅ 1 Baths ⋅ 6980427 MLS ⋅ 988 SqFt.
BRAND NEW HVAC! Welcome to this beautifully updated 3-bedroom, 1-bathroom townhome in the heart of the Mesa Fiesta District. This move-in ready home features a modern kitchen with quartz countertops, stainless steel appliances, a subway tile backsplash, and updated cabinetry. The interior is finished with a mix of durable tile on the main floor and laminate wood flooring upstairs. Recent upgrades include newer windows, a sliding door and an updated bathroom with a walk-in shower. Enjoy community amenities like a sparkling pool, BBQ area, and green spaces. Perfectly located within walking distance to Mesa Community College and Banner Desert Hospital. Includes two assigned parking spaces.

948 S Alma School Road Unit 128, Mesa
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