AZ QUICK SHEET:
Down Payment Assistance & Low Down Programs
Down Payment Assistance & Low Down Programs
Pathway to PurchaseFirst Time Homebuyer
No
Down Payment Assistance
10% of the Sales Price,up to $20,000
Income Restrictions
Limited to $92,984
Eligible Loan Types
Conventional
Min FICO
640
Debt-to-Income Limits
45% Maximum DTI
Homebuyer Education Required
Home in 5First Time Homebuyer
No
Down Payment Assistance
up to 4%
Income Restrictions
Limited to $92,984
Eligible Loan Types
FHA, VA, USDA, Conv.
Min FICO
640
Debt-to-Income Limits
45% Maximum DTI
Homebuyer Education Required
Home PlusFirst Time Homebuyer
No
Down Payment Assistance
up to 4%
Income Restrictions
Limited to $105,291 per year
Eligible Loan Types
FHA, VA, USDA, Conv.
Min FICO
640
Debt-to-Income Limits
45% Maximum DTI
Homebuyer Education Required
WISHFirst Time Homebuyer
Yes
Down Payment Assistance
Homebuyer required to contribute min $2000 (can be gifted, not seller)
Income Restrictions
78% of Median Income
Area Restrictions
Pima County including Tucson
Eligible Loan Types
FHA, VA, USDA, Conv.
Min FICO
640
Debt-to-Income Limits
Housing Ratio Max 35%Debt Ratio Max 45%
Homebuyer Education Required
FNMA 97%First Time Homebuyer
No
Down Payment Assistance
Low PMI
Income Restrictions
100% HUD AMI or 115% in non-metro areas or high cost areas
Area Restrictions
No
Eligible Loan Types
Conventional
Min FICO
640
Debt-to-Income Limits
45%
Homebuyer Education Required
FHR DPAFirst Time Homebuyer
No
Down Payment Assistance
3.5% of purchase price,up to $3700
Income Restrictions
Max dependent on county limits, household income
Area Restrictions
Pima County including the city of Tucson
Eligible Loan Types
FHA, VA, USDA, Conv.
Min FICO
640
Debt-to-Income Limits
Housing ration min 18%, max 31%(up to 35% considered with compensating factors)
Debt ration maximum 45%
Homebuyer Education Required
PIMA TUCSON Homebuyer's SolutionFirst Time Homebuyer
No
Down Payment Assistance
Borrowers May Choose a 2.5%, 4% or 5% Grant to assist with down payment
Income Restrictions
$84,840(Conv $90,900)
Area Restrictions
Pima County including the city of Tucson
Eligible Loan Types
FHA, VA, USDA, Conv.
Min FICO
640
Debt-to-Income Limits
45%
Homebuyer Education
Online Class
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