HOME Plus (formerly Home Plus, part of the "Arizona Is Home" DPA suite)
Arizona Industrial Development Authority (Arizona IDA) — the closest thing Arizona has to a single statewide housing finance agency DPA program; available in all 15 counties
Amount: Down payment/closing cost assistance grant of 0%, 2%, 3%, or 4% of the first mortgage loan amount (structured as a 5-year, 0% interest, no-payment soft second mortgage that is forgiven at a rate of 1/60th per month until fully forgiven at year 5)
Type: Statewide down payment assistance (soft second mortgage / forgivable grant), paired with a 30-year fixed FHA, VA, USDA, Fannie Mae HFA Preferred, or Freddie Mac HFA Advantage first mortgage
No first-time-buyer requirement. Minimum FICO credit score of 620 (per official May 2025 Product Matrix from Arizona IDA). Maximum borrower(s) income was $146,503 as of the May 2025 official matrix; the program's own current site states the limit was updated to $155,386 as of April 6, 2026 (income limit is periodically adjusted and applies uniformly across all Arizona counties). Standard mortgage underwriting (adequate income/credit) plus one borrower must complete a pre-purchase homebuyer education course before closing. Verified directly via Arizona IDA's official HOME Plus Product Matrix PDF (updated 5/1/2025) and homeplusaz.com.
Home in Five Advantage
Joint partnership of the Phoenix Industrial Development Authority (Phoenix IDA) and the Maricopa County Industrial Development Authority (Maricopa County IDA) — a major regional (not statewide) program, since Arizona has no single state housing finance agency covering all DPA; this is the largest county-level program, covering Maricopa County (Phoenix metro)
Amount: 3%, 4%, 5%, or 6% down payment/closing cost assistance on FHA/VA loans (3-year, 7-year, or 10-year second loan options); 0%, 3%, 4%, or 5% on conventional Fannie Mae/Freddie Mac loans (30-year forgivable second); most options are interest-free forgivable second mortgages (forgiven monthly over the loan term, e.g., 1/36th per month on the 3-year option)
Type: Down payment assistance second mortgage (forgivable or, for the 10-year option, amortizing with 6% interest), paired with a 30-year fixed first mortgage
No first-time-homebuyer requirement for most options (except the 7-year forgivable second, which requires the buyer not to have owned a home in the prior 3 years and 6+ months Arizona residency). Minimum FICO credit score of 640. Maximum DTI of 45%. Maximum credit-qualifying income of $153,440 for all borrowers (120% of Area Median Income, currently $131,520, for the 7-year forgivable second option specifically). 1% origination fee due at closing. Must occupy home as primary residence within 60 days. Must complete an 8-hour homebuyer education course through an Arizona-approved housing counseling agency. Verified directly via the official Home in Five Advantage Program Description PDF (August 2025) at homein5advantage.com.
Pima Tucson Homebuyer's Solution (PTHS)
Pima County Industrial Development Authority (Pima IDA), in partnership with the City of Tucson — the major regional program covering the Tucson metro area
Amount: 3%, 4%, or 5% down payment/closing cost assistance as a forgivable second mortgage; per third-party program-highlight sources, assistance is available up to $15,000, effective as of 4/1/2026
Type: Down payment assistance forgivable second mortgage, paired with a 30-year fixed fully-amortizing first mortgage
Available to income-qualified buyers in Pima County/Tucson; exact current income limits and credit score minimums should be confirmed directly with Pima IDA or an approved lender, as these figures update periodically and were not independently verified via a primary-source PDF in this research (unlike the two programs above).