Down Payment Assistant Programs

Dated: 06/25/2017

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AFI 100 Program 

The AFI 100 program is the solution to your home buying problems in Arizona.  The benefits are similar to those offered by the programs listed above and are offered in all of Arizona.

The purchase price is limited FHA loan amounts for each county, The program allows up to 150% of the area median income. 

Second mortgage 

0% interest 10yr term 

5% interest 30yr term 

Program Highlights:

  • Down payment assistance 3.5%

  • There is no first-time homebuyer requirement.

  • Program has 2nd mortgage  2nd mortgage forgiveness If Area Median Income <= 115%

How to Qualify:

  • Qualify for a FHA loan with a maximum debt-to-income ratio.

  • Minimum FICO score is 620.  

  • No homebuyer education course.

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