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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

$229,000
2 Beds ⋅ 2 Baths ⋅ 7054780 MLS ⋅ 1,037 SqFt.
Fantastic opportunity in the heart of Tempe! Want a rental near ASU, or a home to personalize to your own taste this property offers incredible potential. Featuring a newer A/C system 2023, this home is ready for your vision and updates and is priced to sell accordingly. Located just minutes from Arizona State University, Tempe Marketplace, major freeways, shopping, dining, and Sky Harbor Airport, you'll love the convenience and strong rental demand this area offers. Don't miss this chance.

827 S Hacienda Drive, Tempe
$204,900
2 Beds ⋅ 2 Baths ⋅ 7054778 MLS ⋅ 890 SqFt.
Charming 2-bedroom, 2-bathroom townhome in well situated community with well maintained grounds and inviting community pool and single car garage. Inside, the home has updated flooring and appliances along with a stacked washer and dryer. Relax on the deck outside the upstairs bedroom or in the hot tub by the pool just steps away from the front door. A good opportunity for either an owner occupant or investor.

3716 E University Drive Unit 2010, Mesa
$200,000
1 Beds ⋅ 1 Baths ⋅ 7054346 MLS ⋅ 672 SqFt.
At this price, most buyers assume there's a catch. Then they step onto the patio. Fairway greens out front, mountain views beyond, and the catch everyone was bracing for never shows up. This furnished, move-in-ready 1-bedroom in Felicia at Golden Hills Fairway lives far larger than its size. Two private patios add real outdoor living space, vaulted ceilings & natural light open up the interior, and an end-unit location with just one shared wall keeps it quiet. Inside you'll find granite counters, reverse osmosis & a newer 2025 HVAC, so comfort is already handled. Here's the part that seals it: the $325/mo HOA covers water, trash, pest control, exterior upkeep, front-yard care and even roof repair & replacement. Owners also get a free on-site laundry room, and no, it's not 55+. Golf-course living with true lock-and-leave ease, minutes from the US-60 at Power & Southern. The only question is... which patio will you claim first?

649 S Power Road Unit 373, Mesa
$330,000
2 Beds ⋅ 3 Baths ⋅ 7054300 MLS ⋅ 1,152 SqFt.
New kitchen and bath cabinets, interior doors, baseboards, electric receptacles and switches, ceiling fans, smoke detectors, lights, top tier carpet and pad, electric water heater, sinks, faucets, water shutoff valves and hoses. Porcelain tile. Granite counter tops. Brand new air conditioning 4 ton split heat pump system.

860 N Mcqueen Road Unit 1164, Chandler
$350,000
2 Beds ⋅ 2 Baths ⋅ 7054155 MLS ⋅ 1,596 SqFt.
Welcome home to this great one story split floorplan 2 bedroom, 2 bathroom home with a den located in a private gated community. This home was updated with granite countertops and new kitchen sink in 2024, a new HVAC system in 12/24 and a new roof in 6/2025. This home has a great size master bedroom with ensuite bathroom that features a tub/shower combo, a walk in closet, double vanity and a water closet. The second bedroom is also a great size and is located right next to the hallway bathroom. Also featuring a 2 car garage, this home is ready for immediate move in. HOA: The HOA is managed by Metro Property Services and the community manager is Tracy Scoffield and her contact information is: (480) 967-7182 x 104 if you have any additional questions. The HOA features a community pool that is heated to 82, a spa that is heated to 104 in the winter time and they cover the following: Exterior maintenance, common area maintenance, roof repairs and replacement, monthly general pest and spot termite treatment and exterior painting when needed. If the home needs painting in between, that would be the owner's responsibility. The HOA does not cover any water, sewer or garbage. Home Features: This home features no interior steps, an attached 2 car garage with direct access into the home, a new roof was installed in 6/25, new granite countertops, kitchen sink and new HVAC system in 2024. The property is located off of Power Road and Brown road and is minutes from the 202 freeway, Red Mountain High School, Freemont Jr High School, parks, a variety of restaurants to eat, Golf Resorts, multiple bus stops and more.

6720 E Encanto Street Unit 69, Mesa
$333,000
2 Beds ⋅ 2 Baths ⋅ 7054079 MLS ⋅ 1,510 SqFt.
Charming end-unit in Park Riviera -- one of the largest 2BR/2BA in the complex! Split-floorplan layout features a spacious living room, galley kitchen with eat-in dining, and sliding door to a private patio. Inside W/D off the kitchen. Oversized master with vanity and walk-in closet. Brand-new roof, AC is less than 5 years old and newer kitchen appliances. Steps to Sprouts and neighborhood dining. Minutes to ASU, Sky Harbor, MCC, Freeways, Light rail and bus stops.

1633 E Southern Avenue, Tempe
$429,900
3 Beds ⋅ 3 Baths ⋅ 7054065 MLS ⋅ 1,307 SqFt.
Welcome to this beautifully maintained 3-bedroom, 2.5-bath townhome nestled in one of Chandler's most desirable locations. Enjoy resort-style living with access to a community pool and heated spa, along with a private front patio tucked behind a security gate--an ideal spot to relax with your morning coffee or unwind at the end of the day. The updated kitchen features granite countertops, abundant cabinet and counter space, a pantry, all appliances, and a convenient breakfast bar that opens to the dining area, making it perfect for everyday living and entertaining. The spacious family room showcases attractive wood-look laminate flooring and offers plenty of room for gatherings with family and friends. A convenient powder room completes the main level. Ustairs, you'll find two Welcome to this beautifully maintained 3-bedroom, 2.5-bath townhome nestled in one of Chandler's most desirable locations. Enjoy resort-style living with access to a community pool and heated spa, along with a private front patio tucked behind a security gate--an ideal spot to relax with your morning coffee or unwind at the end of the day. The updated kitchen features granite countertops, abundant cabinet and counter space, a pantry, all appliances, and a convenient breakfast bar that opens to the dining area, making it perfect for everyday living and entertaining. The spacious family room showcases attractive wood-look laminate flooring and offers plenty of room for gatherings with family and friends. A convenient powder room completes the main level. guest bedrooms that share a well-appointed hall bathroom, along with an oversized primary suite featuring dual sinks, a private water closet, a shower/tub combination, and a large walk-in closet. Step outside to your private backyard retreat featuring low-maintenance artificial turf, planter boxes, and ample space to relax and enjoy Arizona's beautiful weather. An added bonus is the open feel created by the absence of rear neighbors directly behind the home. Additional highlights include a spacious 2-car garage and an unbeatable location just minutes from Chandler Fashion Center, Intel, Downtown Chandler, parks, biking trails, shopping, dining, entertainment, top-rated schools, and convenient freeway access. This exceptional home offers the perfect combination of comfort, convenience, and low-maintenance living.

1404 W Weatherby Way, Chandler
$455,000
3 Beds ⋅ 3 Baths ⋅ 7053925 MLS ⋅ 1,589 SqFt.
Come home to this modern 2-story townhouse in the gated community of Mosaic at Layton Lakes! Offering 3 beds, 2 baths + powder room, and a 2-car garage. The interior boasts high ceilings, recessed lighting, abundant natural light, and wood-look tile flooring downstairs. The open layout connects the living, kitchen, and dining areas, for a bright & airy feel! The impressive kitchen provides white shaker cabinets, quartz counters, tile backsplash, SS appliances, and an island with breakfast bar. The bedrooms are upstairs, featuring soft carpet! The main suite has a private bathroom with a dual-sink vanity and a walk-in closet. The private backyard includes an extended paver-covered patio for relaxing & entertaining. Perfectly positioned just moments from the resort-style pool, spa, and community amenities! Located in one of the only gated townhome communities in the area, offering an added level of privacy and security that's hard to find. Don't miss out on this gem!

753 E Beauchamp Drive Unit 102, Gilbert
$310,000
3 Beds ⋅ 4 Baths ⋅ 7053914 MLS ⋅ 1,546 SqFt.
Move-in Ready Mesa Townhome with Extensive Updates! Welcome home to this beautifully updated 3-bedroom, 2.5-bath Mesa townhome where nearly every major improvement has already been completed for you. This move-in-ready home offers peace of mind with an impressive list of recent upgrades, combining modern style with thoughtful functionality. Step inside to discover new luxury vinyl plank flooring and baseboards (2023), fresh interior paint (2023), and custom window shades throughout. The spacious floor plan features updated bathrooms with new vanities and toilets, along with new ceiling fans and replaced vent fans for added comfort. The kitchen has been enhanced with a new dishwasher and garbage disposal (2024), while the pantry now includes custom built-in shelving for exceptional storage. The HVAC is new 2025 and includes Warranty. Updated Electrical Panel and Electrical throughout in 2022 and All Cast Iron Drain Pipes throughout the home in 2023. This Beauty will not last long!

451 N Lesueur --, Mesa
$319,900
3 Beds ⋅ 2 Baths ⋅ 7053877 MLS ⋅ 1,203 SqFt.
Fall in love with this bright and beautiful 3-bedroom + open den/playroom, 2 full bath corner townhome in Chandler! Rare 1,200+ sq ft with soaring vaulted ceilings, cozy woodburning fireplace, spacious kitchen with eating area, neutral colors, brand new plank flooring and sparkling clean - ready for you! Fabulous North/South exposure, low traffic, greenbelts, private patio to green space perfect for BBQs or coffee. Enjoy the community pool and canal paths for Arizona sunsets. Low-maintenance corner unit with one shared wall, HOA covers roof and exterior for lock-and-leave ease. Near shopping, freeways, downtown Chandler, tech corridors and Playa del Rey Elementary (Gilbert Schools). A heartfelt winner for your next home or smart investment - come see it today!

3491 N Arizona Avenue Unit 71, Chandler
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