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

$299,000

2 Beds ⋅ 2 Baths ⋅ 7101589 MLS ⋅ 1,028 SqFt.

✨ Cute, charming, and full of perks! Welcome to 925 W Wendy Way in Gilbert, AZ! This inviting home features beautiful countertops, that add a stylish, modern touch, and water filtration, the refrigerator, washer, and dryer are all included--making your move a breeze! But the perks don't stop there. Enjoy resort-style community amenities including a sparkling pool, basketball court, and playground, perfect for fun, relaxation, and an active lifestyle. Whether you're a first-time buyer, looking to downsize, or seeking an investment opportunity, this charming gem checks all the boxes. Conveniently located near shopping, dining, and everyday essentials. Affordable charm meets fun-filled living! Don't miss your chance to make this one yours!

925 W Wendy Way, Gilbert

4719 E Thunderheart Trail Unit 103, Gilbert

$374,900

3 Beds ⋅ 3 Baths ⋅ 7101417 MLS ⋅ 1,328 SqFt.

Seize the chance to own this move-in-ready, fully furnished 3-bedroom townhome in Power Ranch! A paver patio welcomes you home, a relaxing spot for morning coffee or evening drinks. Inside, the open layout offers high ceilings, a soothing palette, blinds throughout, and a mix of soft carpet and tile flooring. The well-appointed kitchen features wood cabinetry with crown moulding, pendant and recessed lighting, built-in appliances, a handy pantry, and a two-tier peninsula with a breakfast bar for casual meals. Recent updates include a new water heater and a new washer, and the garage is equipped with a Tesla charging station, a valuable bonus for EV owners. Just bring your suitcase and settle in! Property features new $13000 air conditioner Have a good night's sleep in the cozy primary bedroom, showcasing an ensuite with double sinks and a convenient walk-in closet. Property features The Community boasts a lush greenbelt, a playground, a basketball court, and a refreshing pool. Don't miss out on this gem

4719 E Thunderheart Trail Unit 103, Gilbert

$289,500

1 Beds ⋅ 2 Baths ⋅ 7101316 MLS ⋅ 1,192 SqFt.

Enjoy privacy, comfort, and plenty of space to entertain in this inviting, furnished one-bedroom, two-bathroom condo w/ 2022 HVAC! As you enter from the east-facing front patio, you'll appreciate the beautiful new flooring throughout and the welcoming front living room, complete with a convenient Murphy bed that provides additional sleeping space for visiting family and friends. The kitchen features an eat-in dining area and opens to an additional family room, offering even more living space and direct access to the west-facing back patio. The spacious primary bedroom features a walk-in closet and private en-suite bathroom. Step outside to the expanded back patio, where you'll enjoy added privacy with no neighboring condos directly behind you. Featuring both covered and uncovered areas, this outdoor retreat is perfect for entertaining, relaxing in the Arizona sunshine, or taking in beautiful evening sunsets. Whether you're looking for a full-time residence, seasonal getaway, or a place to enjoy the Arizona lifestyle, this lovely condo offers comfort, versatility, and inviting indoor and outdoor living! No pets are allowed in this condo location. No pets allowed in this condo location.

7950 E Keats Avenue Unit 234, Mesa

$285,000

2 Beds ⋅ 2 Baths ⋅ 7101308 MLS ⋅ 1,553 SqFt.

Fully furnished Villa on the greenbelt in the Award Winning Active Adult Community of Province! Great room floor plan with two full bedrooms, two bathrooms and an enclosed den with double doors offers a wonderful flex space. Neutral tile throughout the home with carpet in the bedrooms and den only. Maple cabinetry with granite countertops tile backsplash and black appliances. Bay windows at the kitchen nook and the primary bedroom. Extended paver patio overlooking the greenbelt with mountain views down the greenbelt. included: Roof repair and replacement, exterior painting, front yard landscaping maintenance and a blanket insurance policy. You will also enjoy membership to the 32,000 sf clubhouse as well as the upkeep of all the common areas including 50 acres of lakes and a 125 acres of greenbelt and open space along with 5 miles of natural walking trails, a 24 hour guard gate and roving patrol. Welcome to the GOOD LIFE!

20443 N Lemon Drop Drive, Maricopa

$329,000

2 Beds ⋅ 2 Baths ⋅ 7101265 MLS ⋅ 1,248 SqFt.

Welcome to resort-style living in the highly desirable Fountain of the Sun active adult community! This beautifully renovated 2-bedroom, 2-bath home offers 1,248 square feet of thoughtfully updated living space. Enjoy a completely remodeled kitchen, beautifully updated bathrooms, and a move-in-ready interior designed for comfort and style. Step outside to a wonderful private patio surrounded by beautiful landscaping, perfect for relaxing or entertaining. A single-car garage adds convenience. Enjoy an active lifestyle with community golf, clubhouse, pickleball, fitness center, and a variety of social activities. This turnkey gem is ready for you to move in and enjoy the Arizona lifestyle!

644 S Privet Way, Mesa

$335,000

2 Beds ⋅ 2 Baths ⋅ 7101210 MLS ⋅ 1,544 SqFt.

Tempe living at its best! Beautifully remodeled, single-level townhouse offering comfortable living in a fantastic location. This move-in-ready gem features a desirable split-bedroom floor plan, 2 spacious bedrooms & 2 fully remodeled bathrooms with gorgeous tiled showers. The updated kitchen shines with crisp white shaker cabinetry, stylish cabinet pulls, granite countertops, and stainless steel appliances, opening to a generous great room that creates an inviting space for everyday living and entertaining. The oversized primary suite offers a walk-in closet PLUS a 2nd closet for extra storage. Newer flooring, and thoughtful upgrades and custom touches throughout give this home a fresh, modern feel. Step outside to your own private courtyard, steps from the community pool. Hurry!

1607 E Donner Drive, Tempe

$245,000

2 Beds ⋅ 2 Baths ⋅ 7101168 MLS ⋅ 1,055 SqFt.

This two-story townhouse offers 2 bedrooms and 2 bathrooms upstairs, with two separate storage areas downstairs. The greatroom features a vaulted ceiling and distinctive accent beam, creating an open and inviting living space with a good size balcony. A tray ceiling adds character to the dining area, while the kitchen features white cabinetry. Conveniently located near shopping, dining, parks and everyday amenities, with easy access to major freeways and nearby transportation options. Property is tenant occupied with a lease in place through July 31, 2027. Ideal for investors. Buyer must honor the existing lease and tenant's rights. A practical opportunity to add a tenant-occupied townhouse to your investment portfolio!

839 S Westwood -- Unit 290, Mesa

$375,000

3 Beds ⋅ 3 Baths ⋅ 7101062 MLS ⋅ 1,869 SqFt.

Welcome to Desert Springs at Alta Mesa, where golf, aviation, and effortless desert living come together! Ideally situated near Alta Mesa Golf Club and Falcon Field Airport, this beautifully maintained 3 bed/ 2.5 baths townhome offers golf course views w/the perfect blend of privacy, comfort, & low-maintenance living. Whether you're an avid golfer, aviation enthusiast, seasonal visitor, or simply looking for an easy lock-and-leave lifestyle. Designed for comfortable everyday living and easy entertaining, the floor plan features a spacious kitchen with rich cherry cabinetry, granite countertops, and a seamless flow into the dining and living areas. A versatile loft with a built-in workstation provides the perfect space for a home office or additional retreat. Thoughtful details include wood blinds, recessed lighting, an elegant wrought iron staircase, 17x17 tile flooring, and abundant storage throughout. Enjoy Arizona's spectacular weather and fabulous mountain views from your private patio and primary suite balcony. A gated front courtyard adds an extra touch of privacy, while the community pool and spa offer a relaxing escape without the upkeep.Convenient freeway access just minutes away, everything you need is within easy reach. Spend your mornings on the fairways, afternoons exploring the skies, and evenings enjoying the beauty of the desert.

5415 E Mckellips Road Unit 27, Mesa

$419,900

2 Beds ⋅ 2 Baths ⋅ 7101059 MLS ⋅ 1,557 SqFt.

Beautifully updated -- this exceptional Arizona retreat is located in the highly sought-after Mountainbrook Village, a premier 55+ active adult community ideal for those seeking low-maintenance living with breathtaking mountain views and unforgettable desert sunsets. And the golf cart is included -- complete with a new battery! Inside, you'll find an updated kitchen featuring quartz countertops, refreshed cabinetry with pull-out shelves, and new appliances. The kitchen flows effortlessly into the breakfast nook and opens to serene views of the natural desert wash, creating a light & inviting everyday living space. For easy conversation and entertaining, the open pass-through from the kitchen to the living area enhances connectivity, while the spacious dining area integrates seamlessly with the main living space. The primary living areas have been upgraded with beautiful luxury vinyl plank flooring, offering both style and durability. Updated tile flooring in the bathrooms and newer carpet in the bedrooms complete the cohesive, refreshed look throughout the home. Step outside to your private outdoor oasis -- perfect for entertaining or relaxing -- featuring extended patio pavers that wrap to the front of the home for easy front and back access. Relax under your newer pergola, providing shade and comfort year-round. The fenced backyard is ideal for pet owners and creates a buffer between the natural wash and your private retreat. This inviting setting is perfect for enjoying Arizona evenings in every season. The spacious primary suite offers a peaceful retreat with an en-suite bath showcasing a fully renovated walk-in shower and a generous walk-in closet. A second bedroom and bath provide flexibility for guests, a home office, or hobby space. Additional upgrades include a newer roof; new Andersen Windows and American Vision Windows; a newer water heater, circulation pump, and water softener. Exterior painting is planned for May 2026, adding even more value and peace of mind. Even better, this home is offered furnished with tasteful, quality furniture-- so you can move right in and immediately begin enjoying the Arizona lifestyle. A home warranty through Choice Home Warranty is in place through February 2028 for added confidence. All that's left to do is unpack and experience everything Mountainbrook Village has to offer.

7311 E Canyon Wren Drive, Gold Canyon

$284,900

2 Beds ⋅ 3 Baths ⋅ 7100991 MLS ⋅ 1,056 SqFt.

Beautifully remodeled 2-bedroom, 2.5-bathroom townhome in a desirable Tempe location, just minutes from ASU! The updated kitchen features granite countertops, custom soft-close cabinetry, stylish backsplash, and stainless steel appliances. Enjoy LVP flooring downstairs, brand-new upstairs carpet, and fresh interior paint throughout. Both bedrooms are upstairs in a split-bedroom layout for added privacy. The primary suite offers a walk-in closet, while the second bedroom features mirrored closet doors and access to a private patio. Both bathrooms have been tastefully updated, and a full-size washer and dryer are conveniently located upstairs. Two private patios provide great spaces to relax or entertain. Community amenities include a pool, spa, tennis courts, and covered assigned parking!

1325 S Judd Street, Tempe

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Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.