City of Tucson – Pima County HOME Consortium Down Payment Assistance Program

City of Tucson – Pima County HOME Consortium Down Payment Assistance Program is a deferred second loan for homebuyers in Tucson, Arizona, administered by Community Investment Corporation (CIC) Tucson on behalf of City of Tucson and Pima County HOME Consortium. Up to $50,000 or 20% DPA. Deferred loan - no monthly payments. 2% interest forgiven at end of affordability period. Stackable with LIGHTHOUSE and MCC programs. Available throughout Pima County. Funding comes from HOME Investment Partnerships Program (HOME).

City of Tucson – Pima County HOME Consortium Down Payment Assistance Program offers up to $50,000 in assistance. Award tiers: Affordability period: $15,000 or less = 5 years; $15,001–$40,000 = 10 years; over $40,000 = 15 years. The program asks homebuyers to contribute $1,000 minimum of buyer's own funds (documented and verified); cost of inspection may count; home warranty purchase required; 2 months mortgage payment reserves required after closing. The program can be combined with Can be combined with PimaTucson LIGHTHOUSE / Pima Tucson Homebuyer's Solution and CIC Mortgage Credit Certificate. Amounts are the program's published maximums, not an offer — Community Investment Corporation (CIC) Tucson on behalf of City of Tucson and Pima County HOME Consortium determines any individual award.

City of Tucson – Pima County HOME Consortium Down Payment 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 of home after affordability period; principal must be repaid. 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 Tucson – Pima County HOME Consortium Down Payment 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: HUD definition (no ownership in primary residence in prior 3 years). On credit, the program states: Must qualify for an approved mortgage; credit reviewed by housing counselor. A homebuyer education course is required, through HUD-certified homebuyer counseling at one of: Administration of Resources & Choices (ARC), Chicanos Por La Causa (CPLC), Pima County Community Land Trust. Application is made through a partner housing counseling agency (ARC, CPLC, or Pima County CLT), not directly through CIC. Properties on tribal lands excluded. No ARMs permitted. Home warranty purchase required. Homes built before 1978 require lead-paint inspection. [orig: dpa_interest_rate: 2% per annum during affordability period; interest forgiven at end of period].

City of Tucson – Pima County HOME Consortium Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. 2025 HUD AMI limits at 80% for family size: 1-$55,900; 2-$63,900; 3-$71,900; 4-$79,850; 5-$86,250; 6-$92,650; 7-$99,050; 8-$105,450. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. 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 Tucson – Pima County HOME Consortium Down Payment Assistance Program caps the purchase price at $345,000. New construction is eligible. Manufactured homes are not eligible.

City of Tucson – Pima County HOME Consortium Down Payment Assistance Program serves homebuyers purchasing in Tucson, Arizona.

Applications for City of Tucson – Pima County HOME Consortium Down Payment Assistance Program go through Community Investment Corporation (CIC) Tucson on behalf of City of Tucson and Pima County HOME Consortium, 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.