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HOME+PLUS Home Buyer Down Payment Assistance Program

Statewide, Arizona

Last verified
See what you qualify forOfficial program site →
Assistance

4%

Of the purchase price, as the program sets it

Income limit

$155,386

The household income limit the program publishes

Repayment

Forgivable

Forgiven after 5 years

What is HOME+PLUS Home Buyer Down Payment Assistance Program?

HOME+PLUS Home Buyer Down Payment Assistance Program is a forgivable loan for homebuyers in Statewide, Arizona.

  • HOME+PLUS is AzIDA's flagship statewide down payment assistance program -- a 30-year fixed-rate first mortgage paired with a tiered, forgivable second-mortgage DPA of 0%, 2%, 3%, 4%, or 5% of the first-mortgage amount depending on first-mortgage product, credit profile, and rate option. The DPA second is no-interest, no-payment, and forgiven in full after 60 months / 5 years. Self-funded through national capital markets and program operations -- never out of money, no sunset date. Available statewide in all Arizona counties, cities, and ZIP codes. Not limited to first-time buyers. Has assisted 37,000+ Arizona homebuyers since program inception.
  • 30-year fixed-rate first mortgage with up to 5% DPA structured as a forgivable, no-interest, no-payment second mortgage forgiven after 60 months. Reduced mortgage-insurance premiums on Fannie Mae HFA Preferred / Freddie Mac HFA Advantage conventional loans. Year-round availability with no funding sunset.
  • statewide in all 15 Arizona counties. Not a first-time-homebuyer program -- repeat buyers eligible. AzIDA has assisted 37,000+ Arizona homebuyers.
  • Funding comes from Self-funded via national capital markets (mortgage-backed securities) plus program operating income; true public-private partnership without taxpayer funds.

How much assistance does it provide?

HOME+PLUS Home Buyer Down Payment Assistance Program provides assistance worth 4% of the purchase price, as set by the program.

  • Buyer contribution: No borrower minimum contribution required by AzIDA; AUS / lender overlay may impose one.
  • The program can be combined with other assistance, subject to the rules of each.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

HOME+PLUS Home Buyer Down Payment Assistance Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Sale, refinance, transfer, or non-occupancy within first 60 months -- entire DPA balance repaid and after 60 months DPA fully forgiven.
  • 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?

HOME+PLUS Home Buyer Down Payment Assistance Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: 640 minimum across most products (lender overlays may apply); Fannie Mae HFA Preferred and Freddie Mac HFA Advantage typically require 640+
  • A completed homebuyer education course, through AzIDA-approved online providers (eHome America, Framework, Money Management International) or any HUD-certified in-person agency. Course list at https://homeplusaz.com/dpa-pre-purchase-homebuyer-education-course/.
  • Residency: Property must be borrower's principal residence and located in Arizona
  • Citizenship or immigration status: U.S. citizen, permanent resident alien, or qualified non-permanent resident alien per first-mortgage AUS findings
  • Pre-purchase homebuyer education required for at least one borrower before closing. Property must be borrower-occupied primary residence. DPA second is fully forgiven after 60 months of occupancy; if home is sold or first mortgage refinanced within 60 months, the entire DPA second balance must be repaid. AzIDA does NOT subordinate the DPA second mortgage and grants no exceptions to repayment terms.

The program excludes

  • Households above $155,386

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?

HOME+PLUS Home Buyer Down Payment Assistance Program limits household income to $155,386.

  • 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?

HOME+PLUS Home Buyer Down Payment Assistance Program caps the purchase price as follows: No AzIDA-imposed purchase-price cap on HOME+PLUS (program is not a tax-exempt bond program); subject only to first-mortgage product loan limits (FHA county limits, conforming loan limit for conventional, VA/USDA limits, etc.).

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

Where does it apply?

HOME+PLUS Home Buyer Down Payment Assistance Program serves buyers purchasing in Statewide, Arizona.

How do you apply?

Applications for HOME+PLUS Home Buyer Down Payment 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 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; year-round availability, 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.

Learn this program

Short reads on how it works, in plain language. Free, no sign-up needed to read.

Free course from Hey Prescott

HOME+PLUS Home Buyer Down Payment Assistance Program, explained

A short, free course on HOME+PLUS Home Buyer Down Payment Assistance Program: what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from August 2026. About ten minutes.

5 modules · About 10 minutes

Read the course

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