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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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Home Plus has been a very popular down payment assistance program in Arizona for many years. It is offered statewide in all counties and can be combined with various first mortgage programs such as FHA, VA, USDA and conventional loans.

The Home Plus home buyer down payment assistance program offers home buyers down payment assistance in the form of 3-year, zero-interest silent second mortgage that is forgiven partially over the three years from the time that the house is purchased. The Home Plus program is administered by the Arizona Industrial Development Authority, a nonprofit corporation and political subdivision of the State of Arizona.

The various loan programs that are offered through Home Plus have different qualifying guidelines. This includes having Home Plus income limits.

Why Does Home Plus Have Income Limits in Arizona?

Home Plus and the other down payment assistance programs in Arizona were designed to help responsible Arizonans become homeowners who may not be able to overcome the barriers to homeownership on their own.

The Home Plus down payment assistance program gives borrowers a chance to become a homeowner that would otherwise be unable to get approved for a loan because they lack the minimum down payment required.

Maximum income limits are used to make sure that the Home Plus down payment assistance program is better aligned with these housing goals.

Income Limits for Home Plus Using FHA Loans With All Down Payment Assistance Options

The maximum income limit for the Home Plus down payment assistance program combined with FHA financing for all down payment assistance options is $105,291 for all counties in Arizona.

Income Limits for Home Plus Using VA Loans With All Down Payment Assistance Options

The maximum income limit for the Home Plus down payment assistance program combined with a VA home loan for all down payment assistance options is $105,291 for all counties in Arizona.

Income Limits for Home Plus Using USDA Loans With All Down Payment Assistance Options

The maximum income limit for the Home Plus down payment assistance program combined with a USDA mortgage for all down payment assistance options is $105,291 for all counties in Arizona.

Home Plus Income Limits When Using Fannie Mae HFA Preferred or Freddie Mac HFA Advantage Loan Programs With All Down Payment Assistance Options AND Borrower Income is Over 80% AMI

The maximum income limit for the Home Plus down payment assistance program combined with a conventional Fannie Mae HFA Preferred or Freddie Mac HFA Advantage loan program for all down payment assistance options is $105,291 for all counties in Arizona.

Home Plus Income Limits When Using Fannie Mae HFA Preferred or Freddie Mac HFA Advantage Loan Programs With All Down Payment Assistance Options AND Borrower Income is Under 80% AMI

The maximum income limit for the Home Plus down payment assistance program combined with either the Fannie Mae HFA or the Freddie Mac HFA program for all down payment assistance options varies by county.

Here is the maximum borrower income for each county.

Apache County is $39,760.

Cochise County is $43,280.

Coconino County is $61,120.

Gila County is $40,400.

Graham County is $49,040.

Greenlee County is $49,040.

La Paz County is $39,760.

Maricopa County is $58,320.

Mohave County is $44,960.

Navajo County is $39,760.

Pima County is $51,120.

Pinal County is $58,320.

Santa Cruz County is $39,760.

Yavapai County is $52,880.

Yuma County is $40,720.

Maximum Borrower Income Chart by County in Arizona provided by the Arizona IDA.

What is AMI?

AMI stands for Area Median Income. Every year, the Department of Housing and Urban Development (HUD) publishes annual income limits based on household size that are used to determine the maximum household income. The Area Median Income (AMI) is the midpoint of an area’s income distribution. In other words, half of the families in an area earn more than the median and half earn less than the median. If your household income falls between 51% and 80% of your area’s AMI, you are considered a low-income household.

Fannie Mae provides this tool to help you lookup the Area Median Income in your region. It shows the applicable Area Median Income (AMI) for each applicable census tract. Lender may use the AMI limits for purposes of determining income eligibility for HomeReady or other loans — such as the Home Plus Fannie Mae HFA Preferred and the Freddie Mac HFA Advantage programs — that have AMI requirements.

How is Household Income Calculated?

When applying for a mortgage, the gross income from both the borrower and co-borrower is included in the qualifying income. Gross income is the amount of income that a borrower makes before income taxes. In order to be used to qualify for a loan, income must be considered stable and durable. Although this is subjective, mortgage companies have to examine an applicant’s income source to obtain a satisfactory level of comfort that the borrower will has the ability to repay the loan. Typically, a lender will want to see that the borrower has had a stable source of income for the past two years and that the income is likely to continue for at least the next three years.

The typical income used for qualifying purposes includes:

  • standard salary or hourly pay
  • overtime income
  • bonus income
  • commission
  • self-employment income
  • disability income
  • social security income
  • any other income that an applicant receives on a regular basis.

Determining a Mortgage Amount a Borrower Can Afford

As mentioned, a lender must determine a borrower’s ability to repay a loan in order to provide loan approval. Once the household income is determined, the mortgage company will review the borrower’s monthly required payments for consumer debts. Lenders pay attention to the debts on a credit report. For most Arizona home buyers looking to use the Home Plus down payment assistance programs, these debts include some or all of the following:

  • credit card minimum required payments
  • auto loan payments
  • student loan payments
  • installment loan payments
  • alimony and/or child support payments
  • payment arrangements for taxes owed for previous years

Debt-To-Income Ratios

Once the mortgage company has calculated an applicant’s usable gross monthly income and total monthly debts, the lender will calculate the borrower’s debt-to-income ratios. A debt-to-income ratio is an applicant’s total monthly debt payments divided by his or her usable gross monthly income. Lenders must calculate to debt-to-income ratios to determine how much an applicant can qualify to borrow.

Front-End Ratio

The first debt-to-income ratio that the lender will calculate is the borrower’s front-end ratio. This is the borrower’s total potential monthly housing payment divided by the applicant’s usable gross monthly income. The housing payment must include the full PITI payment. PITI stands for principal, interest, tax and insurance (homeowners insurance). In addition to these items the full payment also must include mortgage insurance and monthly HOA payments when applicable. So, if an applicant wants to buy a home with a $1500.00 PITI mortgage payment and the borrower has $6000 in monthly income, his front-end ratio would be 25%. $1500 / $6000 = 25%

Back-End Ratio

The next ratio that a lender will calculate is the borrower’s back-end ratio. The back-end ratio is the applicant’s combined amount of the proposed monthly housing payment and all other monthly debt payments divided by his or her usable monthly gross income. So, for example, if an applicant has a potential mortgage payment of $1500, a car payment of $275, a student loan payment of $60 and a minimum monthly credit card payment of $100 and his/her monthly income is $6000, then the back-end ratio is 32%. ($1500 + $275 + $60 + $100) / $6000 = 32%

Note: Maximum debt-to-income ratios are listed throughout this site, for the various down payment assistance programs (ex. 50%). Unless specifically stated otherwise, the maximum debt-to-income ratio is referring to the back-end ratio.

How Your Debt-To-Income Determines How Much You Qualify to Buy

Here is a quick explanation of how a lender will calculate what home purchase price you qualify to buy.

  • Based on the information that you provide during the loan application interview, your loan officer will select the best loan program to meet your needs.
  • Your loan officer will confirm the maximum back-end debt-to-income ratio allowed for the selected mortgage program.
  • Your loan officer will calculate your usable gross monthly income.
  • Your loan officer will multiply your usable gross monthly income by the maximum debt-to-income ratio to determine the maximum debt ceiling.
  • Your loan officer will review your total monthly debt payments (excluding your potential mortgage payment) and subtract them from the maximum debt ceiling. This will leave the maximum allowable total monthly mortgage payment.
  • Your loan officer will make sure that this amount does not exceed the maximum front-end ratio requirement.
  • Your loan officer will check to see what the current interest rate is for the selected loan program, estimate tax, insurance and HOA payments in the area you are looking to buy and use these variables to determine the maximum loan amount that you qualify to buy.
  • The loan officer will apply the minimum down payment required to the calculation to determine the maximum purchase price.

Pay Attention To How Your Maximum Purchase Price is Calculated

It is important that you know how your maximum purchase price is calculated so you can make sure your lender is giving you the best opportunity to buy in the price range you want. There are many different variables in play.

Here are some things that you must consider:

  • The lower the rate, the more you will qualify to buy.
  • Loan programs have different interest rates.
  • Each house has a different tax, insurance and HOA amount. Your loan officer needs to be fairly acquainted with the area where you are looking to buy.
  • Lenders can calculate your income differently. If they are too conservative, they may qualify you for less than you want. If they are too aggressive, they may over qualify you.
  • You need to check for errors on your credit report to make sure that it is reporting your monthly debt obligations correctly.

You might find out that your debt-to-income ratio is too high and it is keeping you from qualifying to buy homes in the price range that you want. If this happens, here are some things that you can do to lower your debt-to-income ratio:

  • Ask a family member to co-sign for the loan.
  • Ask your employer for a raise.
  • Look for homes that are priced lower.
  • Pay off or pay down some debts.
  • Put more money down.
  • Select a different loan program that has a lower rate.
  • Get seller concessions and use them to buy down your interest rate.

There are other strategies that you can employ. It’s important that you talk to an experienced lender to get the right advice and form the right plan. Remember, it is not difficult to qualify for the Home Plus program. You aren’t placed on a waiting list or ranked against other applicants. You just have to meet the standard criteria to qualify for the loan.

The Home Plus assistance program is among the most flexible programs offered in Arizona. It even allows you to purchase a home with others that will not be on the loan. If you meet the standard criteria, you have a variety of ways to get yourself approved for this program.

If you have any questions, please contact us. We are eager to assist you in your homebuying journey.

HOMES WE CAN HELP YOU FINANCE

$349,900
3 Beds ⋅ 2 Baths ⋅ 7070809 MLS ⋅ 1,320 SqFt.
Prized single-level corner/end-unit location with picture-window views across an expansive, tree-lined greenbelt. Step outside to an unusually open and peaceful setting with broad lawns, mature shade trees and a sense of privacy rarely associated with townhouse living.This beautifully updated 3-bedroom, 2-bath home combines an unusually open and private setting with the ease of low-maintenance townhouse living. Thoughtful improvements include a new HVAC system (2024), new kitchen appliances (2025), new Pergo flooring and 3-inch baseboards throughout (2026), fresh interior paint (2026), and new recessed dual-position kitchen lighting (2026). The primary bath has been refreshed with a new countertop, mirror and lighting, while the secondary bath cabinetry has been refinished. Beyond the home itself, Park Riviera offers the combination that's increasingly difficult to find in the heart of the Valley: established surroundings, generous green space and low-maintenance living in an exceptionally convenient Tempe location. ASU, Sky Harbor International Airport, Old Town Scottsdale, Downtown Phoenix and Tempe Marketplace are all within easy reach, along with convenient access to the Valley's major freeways. Residents enjoy two community pools, walking paths and a playground, while HOA roof maintenance helps simplify ownership. Whether used as a full-time residence, seasonal retreat or convenient home base for someone frequently on the Kitchen cabinetry and countertops were previously updated, and a freshly painted front door adds to the homego, the emphasis here is on enjoying where you live rather than spending your weekends maintaining it. With the updating already done, there's little left to do but settle in and enjoy the home, the setting and everything this central Tempe location has to offer.

4806 S Birch Street, Tempe
$275,000
2 Beds ⋅ 2 Baths ⋅ 7070622 MLS ⋅ 1,403 SqFt.
Welcome to this charming, move-in ready home in Province, one of Maricopa's sought-after 55+ communities. This 2-bedroom, 2-bath home has a warm, inviting feel with fresh interior paint and newer flooring throughout. The kitchen features a beautiful cast iron sink, and the home has been thoughtfully updated and well cared for. Step outside to enjoy a beautifully landscaped backyard with mature ficus trees, planter boxes and a spacious pergola perfect for entertaining or relaxing with friends. One of the best features is the location! Situated just a short distance from the Province community center, you'll have easy access to the pool, fitness center, clubhouse and all the activities and amenities that make Province such a special place to live.

20674 N Licorice Lane, Maricopa
$475,000
2 Beds ⋅ 2 Baths ⋅ 7070440 MLS ⋅ 1,423 SqFt.
Turnkey at no additional cost. Carefree, gated golf course community ideally located in Northeast Mesa. This exceptional offers desirable north/south exposure & showcases true pride of ownership. The beautifully maintained 2-bedroom, 2-bath home features a private courtyard entry w/ custom iron screen door. Inside, abundant natural light highlights the open, flowing floor plan. The chef-style kitchen is appointed w/ upgraded solid wood cabinetry, granite countertops & an oversized prep island, opening seamlessly to both an informal dining area and a formal dining room with elegant plant shelves. The spacious great room is anchored by a beautiful gas fireplace, creating a warm and inviting space for relaxing and entertaining.Thoughtful upgrades include engineered hardwood and tile flooring plantation shutters, designer light fixtures and ceiling fans and two toned interior paint throughout. The owner's suite offers a serene retreat , a walk-in closet, dual sinks, soaking jetted tub and a beautifully tiled walk-in shower. The guest suite is generous in size and adjacent to a full bath featuring a fully tiled shower. The interior laundry room includes a washer and dryer with cabinets. The extended-length two-car garage features epoxy flooring for a polished look. Step outside to your private backyard oasis with a covered patio, extended paver area, gas fireball pots and lush landscaping ideal for outdoor dining and relaxation. Enjoy resort-style living with access to Painted Mountain Golf Course, clubhouse, heated pool & spa, fitness center, and more! Conveniently located near shopping, dining and freeway access. This home truly embodies the luxury lock-and-leave lifestyle you've been waiting for. Tuscany Villas residents enjoy an exceptional array of community amenities, including a luxurious clubhouse, sparkling pools and spa, state-of-the-art fitness center, pickleball courts, billiards, beautifully landscaped parks, playgrounds and scenic walking paths all designed to promote an active, social and vibrant lifestyle.

6202 E Mckellips Road Unit 9, Mesa
$475,000
3 Beds ⋅ 3 Baths ⋅ 7070361 MLS ⋅ 2,051 SqFt.
Come home to a vibrant Gilbert lifestyle in this inviting 3-story townhome, where granite finishes and flexible living spaces set the stage for everyday comfort and effortless entertaining. Start your mornings with coffee nearby, spend evenings exploring local dining, and enjoy the convenience of shops and entertainment just moments from your door.

2790 S Alpine Drive, Gilbert
$305,000
2 Beds ⋅ 2 Baths ⋅ 7070245 MLS ⋅ 991 SqFt.
Beautifully updated and move-in ready, this refreshed condo welcomes you with a bright, open feel from the moment you step inside. The living room has been thoughtfully reconfigured by removing the corner niche, creating a more spacious and versatile layout ideal for relaxing, entertaining, or creating a dedicated workspace. The open-concept kitchen shines with crisp white cabinetry, recessed lighting, and stunning new quartz countertops, offering both style and functionality. Fresh interior paint throughout and updated flooring in the bedrooms provide a clean, modern aesthetic, making this home truly turnkey. Thoughtfully refreshed with today's buyer in mind, this inviting residence is ready for you to move in and make it your own

1351 N Pleasant Drive Unit 2049, Chandler
$325,000
3 Beds ⋅ 2 Baths ⋅ 7070094 MLS ⋅ 1,724 SqFt.
This home qualifies for Community Lending Program (CLP) with $7,500 to be used for buyers down payment, closing costs, & prepaids. Welcome home to this beautifully remodeled 3-bedroom, 2-bath end-unit townhouse offering 1,724 sq. ft. of comfortable, low-maintenance living in an established Mesa community. This move-in-ready home has been thoughtfully updated from top to bottom. The completely remodeled kitchen features new cabinetry, granite countertops, smart appliances, and smart lighting, creating a fresh, modern space for cooking and entertaining. Both bathrooms have also been beautifully updated, while luxury vinyl flooring throughout the home is waterproof, scratch-resistant, and pet-friendly--combining style with everyday durability. The home also offers plenty of functional and flexible living space, including a good-sized laundry room and enclosed back patio--perfect for relaxing and extra storage. Major improvements go beyond the finishes. The HVAC system is only four years old, and all sewer lines within the home were replaced two years ago, providing added peace of mind for the next owner. As an end unit, the home enjoys a desirable location within the community, conveniently situated near the pool. The HOA provides extensive exterior maintenance and services, including roof repair and replacement, exterior building surfaces and painting, common-area landscaping, covered parking areas, exterior pest control, and water. Enjoy the convenience of being close to Downtown Mesa, public transportation, bus service, and light rail, with easy access to shopping, dining, entertainment, and everything the East Valley has to offer. With a complete interior remodel, newer HVAC, recently replaced sewer lines, extensive HOA-maintained exterior features, and a prime end-unit location near the community pool, this home offers an exceptional combination of comfort, convenience, and low-maintenance living. Owner holds an AZ real estate license.

560 N Hobson Plaza, Mesa
$333,000
3 Beds ⋅ 2 Baths ⋅ 7070024 MLS ⋅ 1,510 SqFt.
Spacious, well-kept townhome in a convenient Tempe location with a community pool, clubhouse, mature greenbelts and grassy common areas. Fresh paint and carpet in the living room, dining area and all three bedrooms. Kitchen and second dining area have laminate flooring; bathrooms and laundry are tile. Remodeled kitchen features updated appliances, countertops, sink, faucet and refinished cabinets. Baths have updated sinks. AC replaced in 2024 and roof replaced in 2026. Private patio with shed storage and three assigned parking spaces, two covered. HOA covers exterior maintenance, water, sewer and trash. Easy access to US 60, Loop 101 and I-10.

1505 E Southern Avenue, Tempe
$375,000
2 Beds ⋅ 2 Baths ⋅ 7070000 MLS ⋅ 1,426 SqFt.
Spacious, bright and beautifully updated, this single-level townhome blends style, comfort and easy living. Enjoy thoughtful updates, including beautiful wood-look flooring throughout, recessed lighting, updated fixtures and ceiling fans, dual-pane Andersen windows, and a crisp white kitchen with granite countertops and stainless steel appliances. Additional highlights include a newer roof and a 2-car garage offering secure parking, valuable storage, plus the rare convenience of community RV/boat parking. The beautifully redesigned backyard is a showstopper, featuring stylish pavers, artificial turf and a view fence overlooking the lush community greenbelt, an inviting backdrop for morning coffee, outdoor dining or entertaining. Outdoor living shines with both front and back patios, offering multiple spaces to relax and enjoy Arizona living. Pepperwood offers a charming neighborhood setting with refreshing pools and spa amenities and low monthly HOA fees. Ideally located near Kiwanis Park, Arizona Mills, South Mountain, golf, shopping and dining, with convenient access to ASU, Sky Harbor International Airport and the US-60, I-10 and Loop 101. Beautifully maintained, thoughtfully updated and ready to enjoy. This is easy Tempe living at its best!

5323 S Mitchell Drive, Tempe
$255,000
2 Beds ⋅ 3 Baths ⋅ 7069996 MLS ⋅ 1,109 SqFt.
Move-in ready and ideally located, this 2-bed, 2.5-bath townhome offers comfortable living in a desirable gated Mesa community! Perfect for first-time buyers or anyone seeking a low-maintenance lifestyle, this home features tile flooring on the first level, beautiful hardwood flooring upstairs, and tall ceilings. The kitchen flows seamlessly into the living room, making everyday living and entertaining a breeze. Step outside to your private patio, which opens to a peaceful greenbelt. Additional highlights include assigned parking, a community pool, and an A/C unit replaced in 2022. The HOA includes water and trash for added convenience. Enjoy an excellent location near the Mesa Arts District, light rail, dining, shopping, and everyday amenities!

455 S Mesa Drive Unit 149, Mesa
$359,000
4 Beds ⋅ 3 Baths ⋅ 7069840 MLS ⋅ 2,622 SqFt.
This spacious home offers over 2,600 square feet of living space, including a BASEMENT! The cool basement features a large great room, two bedrooms, a full bathroom, Den/Office & laundry room. While the Primary suite, guest bedroom, living room and kitchen all reside on the main level. The granite countertops throughout add a timeless, upgraded touch to the home. Enjoy the privacy of the enclosed patio and the convenience of the two car garage with its valuable storage. Three Fountains community offers fantastic amenities including a multi-use sports court, playground, and pool. The HOA dues cover water, sewer, & exterior maintenance creating a low-maintenance living experience. With two generous living spaces, versatile rooms, & desirable community amenities, this home offers an exceptional combination of ample sq/ft, functionality, and convenience.

1550 N Stapley Drive Unit 125, Mesa
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