Are you thinking of buying your first home in Arizona? Would you like a free gift of money to help you purchase that first home? If you answered yes to these two questions, there is great news for you. The state of Arizona provides free money for its residents who are first time home buyers and need help with the down payment and closing costs. This money comes in the form of state grants. This is free money that shouldn’t be passed up! The grant awards can be in the thousands of dollars. It will be well worth your time to educate yourself about the grants that the state of Arizona provides.
Arizona First Time Home Buyer Grants
The agency in Arizona that provides assistance is The Arizona Department of Housing. There are a several grants available for those who buying house first time, depending upon the program and your income. To find out which grant programs you may qualify for, please visit the Arizona Department of Housing website page specifically describing all the grant programs. While you are there, we suggest you sign up for their free newsletter.
The Arizona Housing Finance Authority is implementing a new first‐time homebuyer program to assist with the financing of a first home purchase. The MRB Plus combines the attractive first mortgage interest rate of the Mortgage Revenue Bond loan with downpayment and closing cost assistance. The MRB Plus will offer assistance in the amount of 5% of purchase price, that can be used as down payment or closing costs. The MRB Plus program is available in all areas of Arizona outside of Maricopa and Pima counties. This is a great resource for Arizona residents and one that should not be overlooked. To get more information, check out their brochure here.
Federal Grants
Besides the state programs, there are federal funds and grants available to first time home buyers in Arizona through the Homes and Communities program of the United States Department of Housing and Urban Development. On their website you’ll find complete grant information, application forms, description of available funds, as well as many other helpful tools.
Every potential first time home buyer should investigate what they have to offer. You can visit the website by going here: US Dept. of Housing and Urban Development. Also, there is a website that has a complete list of all grant programs available through the United States Federal Government: Grants.gov. First time home buyers should plan to spend the required time investigating to determine how many individual grants they may qualify for. You can visit the website by going to the Grants.gov website and doing a search here.
Other Grants
In addition to the grant programs described above, the U.S. Department of Housing and Urban Development provides home buyer assistance and grants in every state. There are multiple grant programs designed specifically for people that meet certain requirements, such as grants for people with disabilities so they can continue to live independently at home. It is worth visiting HUD’s website to see what assistance is currently available. For your convenience, simply go to this website.
Here is the contact information for the HUD office in Arizona:
Phoenix Field Office
One North Central Avenue
Suite 600
Phoenix, AZ 85004
Phone: (602) 379-7100
Fax: (602) 379-3985
There are also these local programs in Arizona:
Arizona Southwest Housing Foundation Down Payment Gift Program (GIFT) (480) 926-7206
Flagstaff Affordable Housing Coalition Inc Community Homebuyer Assistance Program (CHAP) (520) 214-7456
Glendale Los Vecinos Housing Development, Inc. First Time Homebuyer Program (FTHB) (623) 435-2255
Multi Counties Community Services of Arizona Rural Home Purchase Assistance Program (RHAP) (602) 280-1365
Northern Arizona Council of Government, Rural Home Purchase Assistance Program (RHAP) (928) 773-1135
Phoenix Community Housing Resources of Arizona (CHRA) Homeownership Incentive Program (HIP) (602) 631-9780
Phoenix Neighborhood Housing Services of Phoenix Down Payment Closing Cost Assistance Program (DPCC) (602) 258-1659
Phoenix Valley-CoRP Downpayment Assistance Program (DAP) (602) 247-4764
Pima County Family Housing Resource Wells Homebuyer Assistance Gift (GIFT) (520) 318-0993
Pima County Pima Gold Home Program (520) 882-0018
San Luis Comite de Bien Estar Inc Forgivable Loan Gap Financing Program (FLGF) (928) 627-8559
Southern Arizona Government Organization, Rural Home Purchase Assistance Program (RHAP) (520) 432-5301
Tempe Community Assisted Mortgage Program (480) 350-8961
Tucson TMM Family Services Inc. Federal Home Loan Bank of San Francisco Affordable Housing Program Homeownership Opportunities II (AHP) (520) 322-9557
Tucson TMM Family Services Inc. First Time Home Buyer Grant Program (GRANT) (520) 322-9557
Yuma County Housing America Corporation Rural Home Purchase Assistance Program (RHAP) (928) 627-4221
