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Need help with ANY AZ Mortgage or Down Payment Assistance Programs in AZ?

We can help you get qualified for ANY AZ mortgage so you can buy a home including the several Down Payment Assistance Programs in AZ!   There are a few First Time Home Buyer Programs in AZ as well!! Which mortgage program is best for you?  What program will get you the best payment?  Are you looking for an FHA Loan, VA Loan, USDA Loan, Jumbo Loan or a Conventional Loan?  We're here to help get you the most up to date mortgage rates in Arizona with the best payment that fits your situation!

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AZ Conventional Loan Down Payment Assistance Program

The Arizona Conventional Home Plus home loan program is very popular because it offers assistance that can be used for down payment and/or closing costs equal to as much as 5% of the mortgage loan.

The main advantage to a conventional loan is that there is more flexibility related to mortgage insurance. Conventional loans require mortgage insurance if your down payment is less than 20%; however, you have the option of removing it in the future.

Another benefit is that mortgage insurance is typically cheaper with a conventional loan than it is with a FHA loan. So, your payments could be lower.

Arizona Conventional Home Plus Program Highlights

  • Down payment assistance options between 1% and 5%. You can choose what is best for you based on your loan scenario.
  • No first time home buyer requirement for most programs.
  • Qualified members of the U.S. military (active and Veterans) are eligible for an additional 1% of down payment assistance.
  • The money is consistently available.
  • The assistance money received is a silent second that has no interest, no payment and is forgiven monthly over the first three years of home ownership. The lien is completely forgiven after you stay in the home for three years without refinancing. The purpose of the silent second is to provide stability and ensure the ongoing success of the Home Plus Assistance Program in Arizona.

Home Plus Fannie Mae HFA Preferred Loan Program

This program is derived from the Fannie Mae HomeReady program and is one of the Arizona conventional Home Plus loan programs offered. It is offered anywhere in Arizona.

Home Plus Freddie Mac HFA Advantage Loan Program

This program is derived from the Freddie Mac Home Possible Advantage program and is the other Arizona conventional Home Plus loan programs offered. It is offered anywhere in Arizona.

Additional Program Highlights:

  • The Home Plus Fannie Mae HFA Preferred Loan Program offers down payment assistance options between 1% and 5%. You can choose what is best for you based on your loan scenario.
  • The Home Plus Freddie Mac HFA Preferred Loan Program offers down payment assistance options between 1% and 5%.
  • Minimum FICO score is 640.
  • Maximum debt-to-income of 50%
  • Maximum income of $105,291

Is the Arizona Conventional Home Plus down payment assistance program right for you? Let’s find out.

HOMES WE CAN HELP YOU FINANCE

$390,000
3 Beds 2 Baths 7034300 MLS 1,560 SqFt.
With close proximity to Arizona State University makes this property ideal for students. The location is also great for professionals, winter visitors, or anyone who wants to enjoy everything Tempe has to offer while still having easy access to the rest of the Phoenix metro area. Your new 3-bedroom, 2-bathroom Tempe home offers the perfect combination of location, lifestyle, convenience, and flexibility in one of the most desirable areas of the Valley. Your new home is situated in a beautifully maintained community featuring a sparkling community pool, spa, tennis courts, walking paths, mature landscaping, and inviting common areas that create a true Arizona resort-style atmosphere. Whether you are looking for a low-maintenance primary residence, seasonal lock-and-leave home, or investment property, this community offers the lifestyle many buyers are searching for. Inside, your new home features a functional floor plan with spacious living areas, natural light, comfortable bedrooms, and flexible living space perfect for roommates, guests, a home office, or college living. The layout provides both privacy and functionality, making it a great fit for a variety of living situations. Previously operated as a successful Airbnb, this property also presents an outstanding opportunity for buyers looking for income potential or a flexible investment property in a high-demand location near ASU and some of the Valley's most popular destinations. Living here places you close to Arizona State University, Tempe Marketplace, Mill Avenue, Old Town Scottsdale, Sloan Park, Cubs Spring Training, Sky Harbor International Airport, Mesa Riverview, and countless shopping, dining, entertainment, hiking, golf, and recreation opportunities. Major freeway access including the Loop 101, Loop 202, US-60, and I-10 makes getting around the Valley simple and convenient.

1608 S Torre Molinos Circle, Tempe

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