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).

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.

Arizona is Home Mortgage Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Qualified Veterans and purchases within IRS-Designated Targeted Areas are exempt from the 3-year first-time-homebuyer rule. On credit, the program states: 640 minimum (all loan products: FHA, VA, USDA, HUD-184 Tribal, Fannie Mae HFA Preferred, Freddie Mac HFA Advantage). A homebuyer education course is required, 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 requirement: 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.

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.

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.

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.

Arizona is Home Mortgage Assistance Program serves homebuyers 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.

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. Funds are reserved through Lender reserves through AzIDA Lender Portal (https://homeplusaz.com lender portal); first-come, first-served. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.