City of Mesa Homeownership Assistance Program (HOA)

City of Mesa Homeownership Assistance Program (HOA) is a deferred second loan for homebuyers in Mesa, Arizona, administered by City of Mesa Department of Housing and Community Development (HCD). The City of Mesa Homeownership Assistance Program (HOA) provides down payment assistance, closing cost assistance, and soft-second deferred loans up to $30,000 to low- and moderate-income first-time homebuyers within the City of Mesa. The program is funded through federal HOME and CDBG funds administered by Mesa's Department of Housing and Community Development. Buyers must earn at or below 80% AMI, contribute a minimum of $1,500, complete HUD-approved homebuyer education, and occupy the home as their primary residence for at least 5 years. Up to $30,000 deferred-loan assistance for down payment and closing costs. Zero-interest soft second loan. For low- to moderate-income Mesa first-time buyers. Only $1,500 minimum borrower contribution. Funding comes from HOME Investment Partnerships Program (HOME) / CDBG.

City of Mesa Homeownership Assistance Program (HOA) offers up to $30,000 in assistance. Homebuyer contribution: Borrower must contribute a minimum of $1,500 of their own funds toward the down payment. Amounts are the program's published maximums, not an offer — City of Mesa Department of Housing and Community Development (HCD) determines any individual award.

City of Mesa Homeownership Assistance Program (HOA) 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, transfer, refinancing for equity, or failure to maintain as primary residence during the affordability period. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Mesa Homeownership Assistance Program (HOA) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through HUD-approved homeownership counseling agency; every adult household member must attend pre-purchase workshop(s), meet with a counselor, and complete a 2-hour counseling session. VERIFICATION NOTE: The official mesaaz.gov buy-a-home program page is JavaScript-rendered and returned blank on fetch; program confirmed via City of Mesa HCD FY2024-25 CAPER (official) plus HCD findhelp listing and corroborating sources. Minimum 5-year affordability period; HUD recapture rules apply on transfer/sale within the period. DTI guideline 31% front-end / 43% back-end (up to 45% exception). Verify current guidelines with HCD at (480) 644-3536 before publishing.

City of Mesa Homeownership Assistance Program (HOA) limits household income to 80% of the area median income, which varies by county and household size. Annual gross household income at or below 80% of AMI for the Phoenix-Mesa-Scottsdale, AZ HUD Metro FMR Area. 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.

City of Mesa Homeownership Assistance Program (HOA) serves homebuyers purchasing in Mesa, Arizona.

Applications for City of Mesa Homeownership Assistance Program (HOA) go through City of Mesa Department of Housing and Community Development (HCD), which publishes the current terms and the application steps on its own site. 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.