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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

$429,000
3 Beds ⋅ 3 Baths ⋅ 6979949 MLS ⋅ 1,679 SqFt.
***Seller to offer up to $10,000 dollars in concessions to buyer with a full price offer****Welcome to this beautifully maintained 3-bedroom, 2.5-bath condo located in a desirable gated community. This spacious home offers a well-designed floor plan with an open living and dining area, ideal for both everyday living and entertaining. The kitchen features ample cabinetry and counter space, with pantry. A convenient half bath on the main level adds extra functionality. Additional highlights include an attached garage, upstairs laundry, and low-maintenance living with community-managed exterior. Conveniently located next to shopping, parks and freeways

1255 N Arizona Avenue Unit 1061, Chandler
$349,900
2 Beds ⋅ 2 Baths ⋅ 6979733 MLS ⋅ 1,237 SqFt.
Brand New A/C. Embrace easy living in this move-in ready, fully updated 2-bedroom, 2-bath townhouse located in the desirable Greenfield Glen 55+ community. This low-maintenance home features a functional open layout with new flooring, updated appliances, modern window shutters, and contemporary light fixtures throughout. Enjoy resort-style community amenities, including a sparkling pool and beautifully maintained common areas, perfect for Arizona living. Ideal for a lock-and-leave lifestyle, this affordably priced property offers comfort, convenience, and peace of mind. Don't miss this opportunity to enjoy carefree living in a quiet, welcoming adult community.

1021 S Greenfield Road Unit 1045, Mesa
$469,900
2 Beds ⋅ 2 Baths ⋅ 6979681 MLS ⋅ 1,542 SqFt.
JUST REDUCED $60,000! Great value and opportunity to live in this amazing community of Encanterra. Take advantage of all the amenities it offers or just relax and enjoy the manicured common areas. This home was lived in for less than 3 months then seller relocated. It's like new but only better with window treatments, water softener, reverse osmosis, and all the little things that are needed. This Evia model offers great room living with modern stainless steel appliances, gas cooktop, large kitchen island, breakfast bar, and coffee station. Bathrooms have upgraded finishes and tiled surrounds. Primary bath offers floating dual sink vanity with undermount lighting, private toilet room, walk-in closet, and glass enclosed shower. Easy living, low maintenance, gated, and ready for you

506 E Citrus Hollow Way, Queen Creek
$370,000
3 Beds ⋅ 3 Baths ⋅ 6978858 MLS ⋅ 1,358 SqFt.
Finding a property that balances a prime location w/a ''no-expense-spared'' renovation is a rarity. Finding one with a first-floor primary suite & full basement is virtually unheard of! This one underwent a complete, ground-up transformation around 5 yrs ago. Forget the ''builder grade'' upgrades often seen in today's market. This home was meticulously reconstructed starting from bare plywood & drywall to ensure structural & aesthetic integrity. Newer premium wood-look tile flooring flows t/o main living areas anchored by substantial 4.5'' baseboards for a custom, high-end finish. Brand new carpeting just installed in all 3 bedrooms. HOA maintains roof/replacement, water/sewer/garbage, front yard/exterior/street/common areas. The chef's kitchen has been entirely reconfigured for a modern flow. It features custom cabinetry, stunning granite countertops, premium stainless steel appliance package, & an expansive island design. Total peace of mind comes standard. The home features entirely updated electrical wiring, newer outlets, & designer lighting fixtures. Beyond the surface, the "guts" of the home are newer, including a high-efficiency water heater, newer supply lines, & contemporary sinks. This layout was intelligently redesigned to maximize both comfort & convenience. Originally a 2-bath unit, this home now boasts 2.5 elegantly appointed bathrooms. Each features newer vanities topped with luxe marble & all-new commodes. Enjoy the rare convenience of a first-level primary bedroom, offering a private retreat without the need for stairs. The detached & oversized 2-car garage provides ample space for vehicles & all of your gear, while the basement offers that elusive extra square footage with 2 additional bedrooms for a home gym, theater, or workshop. Why settle for a view of a parking lot? This unit occupies the coveted "Golden Spot" of the community. Step out your front door & find yourself mere steps from the community pool & mailboxes- The ultimate in convenience. Your personal outdoor escape features a professionally landscaped yard with premium AstroTurf, providing a lush, green aesthetic year-round with zero maintenance required. This is a "ground-up" remodel. In a market of cosmetic flips, this home stands alone as a complete reconstruction! Enjoy weekend grills in the backyard, & don't forget to visit the community's pool for a refreshing time. Easy access to the 101, 202, & 60 freeways, near ASU Research Park, Intel, Chandler Regional Hospital, shops, dining, top-rated schools... You are at the center of it ALL! Come see it before it's gone!

2875 W Highland Street Unit 1133, Chandler
$429,900
3 Beds ⋅ 3 Baths ⋅ 6978751 MLS ⋅ 2,187 SqFt.
Located in the highly desirable Cooley Station community in Gilbert, this beautifully upgraded home offers 3 bedrooms and 2.5 bathrooms with thoughtful finishes throughout. Enjoy park-front living with a spacious balcony/deck overlooking acres of lush green space, while the community pool, playground, and open park areas are just steps from your front door—an unbeatable lifestyle feature. Upstairs, the primary suite provides a relaxing retreat with a double-vanity bathroom and upgraded countertops. The additional bedrooms are generously sized, offering ample space for family or guests. Downstairs, the versatile family room adds flexibility and can easily function as a fourth bedroom, home office, or media room. This is a rare opportunity to own a thoughtfully designed, move-in-ready home in one of Gilbert's most sought-after communities. Come take a look!

3671 E Leslie Drive, Gilbert
$214,900
1 Beds ⋅ 1 Baths ⋅ 6978666 MLS ⋅ 606 SqFt.
This unit is the largest 1 bed unit. It is 606 sqft where the others are 597sqft. Andersen Springs has it all, a lake, pickleball courts, tennis courts, 3 heated pools with hot tubs, fitness center and lakeside walking paths for year round fun. Plus this unit makes you feel like your living in a magazine! Just perfect for vacation home living. Complete with southwest charm. A serene north facing balcony with lakeview and a gorgeous tree to watch the birds. Sought after, impeccably kept Chandler community, close to shopping and freeways. Recently renovated bathroom All appliances stay. All the furnishings can stay in seperate bill of sale to truly make this a smart vacation home buy. Just bring your swimsuit.

1825 W Ray Road Unit 2120, Chandler
$365,000
2 Beds ⋅ 2 Baths ⋅ 6977552 MLS ⋅ 1,096 SqFt.
PRICE IMPROVED! Resort-style living in the heart of Gilbert! This beautiful townhome is located in the highly desirable Lakes at Annecy community. The southeast-facing unit is filled with natural light and enjoys a prime location directly across from a park-like setting featuring a lake with fountains, resort-style pool complex, and children's playground. The home offers direct access from the 2-car garage and a thoughtfully designed layout ideal for modern living. The kitchen boasts ample quartz counter space, sleek cabinetry, and beautiful appliances, perfect for both everyday use and entertaining. The living area opens to a private balcony, providing additional outdoor space. Additional features include a full-size stackable washer and dryer, included with the home. Conveniently located within walking distance to shopping, dining, and entertainment, with easy access to the Loop 202. Just minutes from SanTan Village Mall and Mercy Gilbert Medical Center. This is a fantastic opportunity to enjoy low-maintenance living in one of Gilbert's most sought-after communities.

2750 S Voyager Drive Unit 101, Gilbert
$250,000
3 Beds ⋅ 2 Baths ⋅ 6976768 MLS ⋅ 1,230 SqFt.
Well-maintained 3 bedroom, 2 bathroom home offering 1,230 square feet of comfortable living space. Built in 1970, this property features a functional floor plan with spacious living areas and well-sized bedrooms. The primary suite includes a private full bathroom, while two additional bedrooms provide flexibility for guests, home office space, or additional living needs. Sewer lines have been updated, offering added peace of mind for future ownership. Residents enjoy access to a community pool, and the property includes an assigned parking space for convenience. Ideally located approximately 10 minutes from Arizona State University, this home offers excellent potential as a primary residence or investment opportunity.

2015 E Southern Avenue Unit 22, Tempe
$242,900
2 Beds ⋅ 3 Baths ⋅ 6976196 MLS ⋅ 1,100 SqFt.
Welcome home to this beautifully updated 2 bed 2.5 bath townhouse in a quiet neighborhood, minutes from the 101, 60, and 202, Cubs Stadium, Mesa Riverview, Tempe Marketplace, and 10 minutes from Phoenix Sky Harbor Airport. Upgrades include popcorn ceilings removed, fresh paint, epoxy-finished concrete floors downstairs, remodeled backyard, fully remodeled downstairs half bath and upstairs spare bath with updated plumbing and ventilation, newer dishwasher with added cabinetry, custom master closet, new stair railing, new front door with transferrable lifetime warranty (7/2025), and new water heater (10/2025) + 6 year warranty. Appraised at $291K in 2022 with additional upgrades since.

1500 W Rio Salado Parkway Unit 28, Mesa
$490,000
3 Beds ⋅ 3 Baths ⋅ 6975996 MLS ⋅ 1,921 SqFt.
Resort living at ''The Lakes at Annecy'' has stunning Lakes, access to 3 pools, spas, playgrounds, BBQs, peaceful green spaces surrounding the community's tree-lined streets, tranquil water features, and resort-style amenities. Nearby dining, shopping, and entertainment. Walking distance from SanTan Village, minutes from Loop 202, downtown Gilbert, and downtown Chandler yet feels like its own private world at this true resort-style living community! Featuring a courtyard, 3 bedroom plus a spacious loft, 2.5 baths, 42'' uppers cabinetry, a large kitchen with designer selected quartz kitchen countertops, an island, stainless steel appliances, 2 car garage, and only shares one wall. This is a prime Gilbert location. move-in ready! You just to unpack, unwind, and start enjoying life.

1821 E Bernie Lane Unit 107, Gilbert
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