Down Payment Assistance Programs

Hundreds of millions of dollars in down payment help is out there.

We help you find it!

Which means you will not need to put thousands of dollars down to purchase a home. By using these programs you won’t have to wipe out your savings to become a homeowner. You can then use your savings to purchase furniture, renovate the new home or save it for a rainy day. These Programs are also flexible with income (meaning no income cap). They are funded by Grants through by the Neighborhood Stabilization Program (NSP). These programs are designed to help you achieve the American dream of home ownership. The programs have a set amount of funds and they do not spend money to advertise down payment assistance. There is No Cost to apply, But when the grant budget is met, some programs will end for the year. It’s a free program to apply so there is usually a large number of applicants. Most Banks don’t offer these programs because they want you as a buyer to make a down payment


First Time Home Buyer, Get Help Too!

First time home buyers are able to take advantage of down payment assistance program. In fact, if you have not owned a Home in the last 3 years you are considered first-time home buyers. These Grants are designed to assist people in purchasing a home that would probably not be able to buy. Down payment is one of the largest factors that prohibit people from buying a home. Banks do not Generally have loan programs to accommodate for people that do not have a down payment. We Welcome First Time Home Buyers and show you how you can use this program along with certain loan programs designed for first-time buyers to get you in a Home. We charge no fees for this service to get you qualified for the right program and lender.

How Down Payment Assistance Works

It’s Great that there are down payment assistance programs available in all areas of Arizona. The government understands that a down payment is something that holds back many homeowners and they created these programs with grants to increase the number of homeowners and stabilize the housing market. Because of these programs, the rate of home ownership has increased throughout the state of Arizona. Government Programs are subject to physical budget cuts and as the economy strengthens the need for these programs may go away. Once allotted funds have been exhausted, the programs end for the year and take on no more home buyers. Many of the down payment assistance programs resume the following year on a new budget year, provided the program is still approved by local government.

The way the program agencies work in some cases is to give you money to purchase a home and you gain instant equity in the home and never have to pay it back. Then there are other cases where they give you a forgivable loan. What that means is, you will never make a payment on the loan and after a certain amount of time and you still own that home ( an example of 5 years) the loan just goes away. With you again, never making a payment on it and just like you never had a loan.

Why only specific lenders offer this?

Why do local banks do not have any of these programs available? Financial institution and banks do not provide down payment assistance loan products because they are considered higher risk. Banks consider it a high risk when a buyer has no financial investment in the home purchase. (no skin in the game) So banks generally will ask you for a down payment biased on a percentage of the purchase price.

The programs and lenders that we work with DO NOT require that you make a down payment and allow these programs to make it for you. Your down payment is covered through grants set aside by the local government. To make sure you get approved the paperwork has to be filled out properly and that is where we come in. If you have ever tried to fill out grant paperwork you do have to cross the T’s and Dot the I’s. There is no cost for this service and to get you connected with the correct program. We will review your individual situation in order to recommend the best available program free of charge.

Down payment Assistance Programs in Arizona

Funds are still available for the Down Payment Assistance programs in Arizona. If you would like to know all of the criteria, You will need to complete the form Below so a Loan Officer who is a down payment assistance specialist will give you a NO Cost evaluation. Or you could continue to pay rent as it keeps going up each year . They will assist to show you where you can engage the correct Program and Lender available in your area.


Other Resources in Links

Arizona Demographics and Community Profiles

Arizona Department of Education


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Andrew Grett
2517 E Evergreen St
Mesa, AZ

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