Maricopa County Home in 5 Buyer’s Assistance Program

Below-Market Mortgage Loans with a 5% Grant for Down Payment Assistance with Special Incentives For Veterans, First Time Home Buyers & those that have not owned a home in the past three years.

The Home in Fiveprogram is designed to help home buyers purchase a newly-constructed or existing home by providing a below – market mortgage loan interest rate with a 5.00% grant for down payment and closing cost assistance. This program is targeted to low and moderate income households, and loans will be made on a first-come, first-served basis. The loans are either FHA-insured, VA-Guaranteed, Rural Housing Service (RHS), Fannie Mae or Freddie Mac eligible Conventional 30-year fixed-rate mortgages. A 1.00% origination fee and 1.00% discount fee payable by the borrower or seller plus customary closing costs will be due at closing. Participating lenders will provide specific APR information as required by law. To apply, simply obtain a sales contract on the property you wish to buy and present it to any of the participating lenders. To find out the current mortgage rate for the program, see the “Questions” section on the inside of this brochure. All qualifying homebuyers in the program will receive a non-repayable grant equal to 5.00% of the original loan amount to be used for down payment and closing cost assistance.

Down Payment Assistance
Down Payment Assistance Amount
on a $100,000 home you would receive $5000
$150,000 – $7500
$200,000 – $10,000
$250,000 – 12,500
$300,000 – $15,000

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Areas Included:
Any city/area within Maricopa County – Aguila, Chandler, Guadalupe, Paradise Valley, Surprise, Anthem, Desert Hills, Higley, Peoria, Tempe, Apache Junction, El Mirage, Laveen, Phoenix, Tolleson, Arlington, Fort McDowell, Litchfield Park, Queen Creek, Tonopah, Avondale, Fountain Hills, Luke AFB, Rio Verde, Tortilla Flat, Buckeye, Gila Bend, Mesa, Scottsdale, Waddell, Carefree Glendale, New River, Sun City, Wickenburg, Cashion, Goodyear, Palo Verde, Sun City West, Youngtown, Cave Cree