FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona

What is FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona?

FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona is a grant for homebuyers in Arizona, administered by Federal Home Loan Bank of San Francisco (delivered via member financial institutions).

• The FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program provides matching grants of up to $50,000 to first-time homebuyers earning between 80.01% and 140% of AMI purchasing in Arizona, California, or Nevada. Buyers must contribute a minimum of $10,000 of their own funds and complete homebuyer counseling; the grant is delivered to escrow by a participating FHLB-SF member lender. The 2026 program has $11 million available first-come, first-served (first $8M round exhausted; $3M second round later in 2026).
• Up to $50,000 grant (no repayment).
• Targets middle-income buyers (80.01-140% AMI).
• Stackable with other programs.
• Available statewide in AZ via participating lenders.
• $11M available in 2026.
• Funding comes from FHLBank San Francisco voluntary contribution; 2026 program $11M (first $8M round exhausted; $3M second round later in 2026).

How much assistance does it provide?

FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona offers up to $50,000 in assistance.

• Buyer contribution: Homebuyer must contribute a minimum of $10,000 (savings or gifted funds).
• The program can be combined with Designed to complement local, state, and federal homeownership programs.
• Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of San Francisco (delivered via member financial institutions) determines any individual award.

Do you have to pay it back?

FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona is structured as a grant, so it is not repaid.

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona limits household income to 140% of the area median income, which varies by county and household size.

• Household income between 80.01% and 140% of HUD AMI based on property address, adjusted for household size. Buyers at/below 80% AMI denied FHA financing may qualify under a special exception.
• 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?

FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona can be used for Single Family, Condo, 2-4 Unit, and Manufactured.

• New construction is eligible.
• Manufactured homes are eligible.

Where does it apply?

FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona serves buyers purchasing anywhere in Arizona.

How do you apply?

Applications for FHLBank San Francisco Middle-Income Downpayment Assistance (MDPA) Program — Arizona go through Federal Home Loan Bank of San Francisco (delivered via member financial institutions), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved homebuyer counseling program (provider not specified).

2. 2

   Contact Federal Home Loan Bank of San Francisco (delivered via member financial institutions) to reserve funds

   Funds are reserved through First-come, first-served via FHLB-SF member financial institution, and are subject to availability.

3. 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.