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Arizona is Home Mortgage Assistance Program

Statewide, Arizona

Last verified
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Assistance

4%

Of the purchase price, as the program sets it

Income limit

100% AMI

Of area median income; varies by county and household size

Price cap

$481,176

Highest purchase price the program allows

Repayment

Deferred

No payments until the home is sold or refinanced

What is Arizona is Home Mortgage Assistance Program?

Arizona is Home Mortgage Assistance Program is a deferred second loan for homebuyers in Statewide, Arizona.

  • Governor Hobbs' Arizona is Home -- Mortgage Assistance Program is a collaboration between the Arizona Department of Housing (ADOH) and AzIDA targeted to rural Arizona counties. Eligible buyers receive a below-market 30-year fixed-rate first mortgage funded with tax-exempt mortgage revenue bonds, plus 4% of the first mortgage amount in DPA structured as a no-interest, no-payment deferred soft second mortgage. For 2026, the second is NON-FORGIVABLE -- entire balance due upon sale, refinance, or transfer. Available in 13 rural counties; not offered in Maricopa or Pima counties or in Chino Valley, AZ. New reservations open April 6, 2026 with $55M annual funding cap.
  • Below-market 30-year fixed-rate first mortgage paired with a 4% non-forgivable, no-interest, no-payment deferred soft second mortgage. Recapture-tax reimbursement provided by AzIDA. AzIDA has delivered $4.5B+ in affordable housing bond financing and assisted 37,000+ Arizona homebuyers across both DPA programs.
  • Funding comes from Tax-exempt mortgage revenue bonds issued by AzIDA in collaboration with the Arizona Department of Housing (ADOH).

How much assistance does it provide?

Arizona is Home Mortgage Assistance Program provides assistance worth 4% of the purchase price, as set by the program.

  • Buyer contribution: No borrower minimum contribution required by AzIDA; lender/AUS may impose one.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Arizona is Home Mortgage Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by Sale, refinance, transfer of title, or non-occupancy as principal residence -- entire DPA balance due (non-forgivable for 2026).
  • The assistance is recorded in 2nd position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Arizona is Home Mortgage Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: Qualified Veterans and purchases within IRS-Designated Targeted Areas are exempt from the 3-year first-time-homebuyer rule
  • The home is occupied as a primary residence
  • On credit: 640 minimum (all loan products: FHA, VA, USDA, HUD-184 Tribal, Fannie Mae HFA Preferred, Freddie Mac HFA Advantage)
  • A completed homebuyer education course, through AzIDA-approved online providers (eHome America, Framework, Money Management International) or any HUD-certified in-person counseling agency. Course list at https://homeplusaz.com/dpa-pre-purchase-homebuyer-education-course/.
  • Residency: Property must be borrower's principal residence; must be located in an eligible Arizona county (excludes Maricopa, Pima, and Chino Valley)
  • Citizenship or immigration status: U.S. citizen, permanent resident alien, or qualified non-permanent resident alien per AUS findings of underlying first mortgage
  • First-time homebuyer (no ownership in prior 3 years); exceptions for Qualified Veterans and purchases in IRS-Designated Targeted Areas. Borrower must complete pre-purchase homebuyer education before closing. Tax-exempt mortgage revenue bond program -- IRS Federal Recapture Tax may apply if home sold within 9 years (AzIDA reimburses borrower for any actual recapture tax paid). Annual funding cap of $55 million for 2026; program pauses when funds exhausted.

The program excludes

  • Purchases above the $481,176 price cap
  • Households above 100% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Arizona is Home Mortgage Assistance Program limits household income to 100% of the area median income, which varies by county and household size.

  • Annual household income at or below 100% AMI (temporary increase from 80% AMI; effective Oct 1, 2024). 2026 county limits (1-2 person household): Apache $55,300; Cochise $71,200; Coconino $101,900; Gila $76,100; Graham $81,100; Greenlee $88,400; La Paz $66,700; Mohave $73,800; Navajo $67,200; Pinal $109,600; Santa Cruz $66,100; Yavapai $87,300; Yuma $76,200. Maricopa and Pima counties not eligible (use HOME+PLUS instead).
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Arizona is Home Mortgage Assistance Program caps the purchase price at $481,176.

  • Eligible property types include Single-family detached, townhome, condo (warrantable), 1-unit, planned unit development (PUD), manufactured home (1976 or newer, on permanent foundation).
  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

Arizona is Home Mortgage Assistance Program names veterans among the groups it serves.

  • Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Arizona is Home Mortgage Assistance Program serves buyers purchasing in Statewide, Arizona.

  • The program targets specific areas: IRS-Designated Targeted Areas within eligible counties allow waiver of the first-time-homebuyer requirement and offer higher purchase price/income limits per IRS Section 143 mortgage revenue bond rules.

How do you apply?

Applications for Arizona is Home Mortgage Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through AzIDA-approved online providers (eHome America, Framework, Money Management International) or any HUD-certified in-person counseling agency. Course list at https://homeplusaz.com/dpa-pre-purchase-homebuyer-education-course/..

  2. Contact the administering agency to reserve funds

    Funds are reserved through Lender reserves through AzIDA Lender Portal (https://homeplusaz.com lender portal); first-come, first-served, and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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