Pima Tucson Homebuyer's Solution (PTHS)

Pima Tucson Homebuyer's Solution (PTHS) is a forgivable loan for homebuyers in Tucson, Arizona, administered by Industrial Development Authority of the County of Pima and the City of Tucson (administered by Community Investment Corporation). The Pima Tucson Homebuyer's Solution (PTHS) is a mortgage program offered jointly by the Industrial Development Authorities of Pima County and the City of Tucson, administered by Community Investment Corporation, for homebuyers purchasing anywhere in Pima County including the City of Tucson. Borrowers receive a 30-year fixed-rate first mortgage (FHA, VA, USDA, or Conventional) plus down payment and closing-cost assistance in the form of a forgivable second mortgage; for VA loans the assistance is a grant. There is no first-time homebuyer requirement and no purchase price limit, and the assistance can fund up to 100% of the borrower's cash to close. Down payment and closing cost assistance as a forgivable second mortgage (grant for VA loans). No first-time homebuyer requirement. No purchase price limit. No minimum borrower investment required. May fund up to 100% of cash to close. Can be combined with MCC and HOME DPA. No recapture tax.

Pima Tucson Homebuyer's Solution (PTHS) is forgiven after 3 years, so a homebuyer who stays that long does not repay it. 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.

Pima Tucson Homebuyer's Solution (PTHS) is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Minimum credit score of 640 for all borrowers; must also meet FHA, VA, USDA, Fannie Mae or Freddie Mac underwriting requirements. A homebuyer education course is required, through Homebuyer education course required for all primary borrowers on the Note/Warranty Deed; eHomeAmerica is approved. Owner-occupied primary residence; buyers must occupy within 60 days of closing. Assistance may fund up to 100% of cash to close (down payment, closing costs, prepaids); no cash back to borrower. Maximum DTI 45 percent. GAP: assistance percentage differs by source/sub-program (Pima IDA lists 3, 4 or 5 percent; CIC lists 2 to 5 percent; Housing Innovation Hub PTHS Advantage lists up to 4 percent as a 30-year forgivable second). Base PTHS second is a 3-year forgivable loan; PTHS Advantage is a 30-year forgivable loan. GAP: annual funding cap, exact repayment trigger detail, and income limits by loan type/household size not published on official pages reviewed. GAP: HUD AMI year not stated on official source.

Pima Tucson Homebuyer's Solution (PTHS) limits household income to $146,503. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Pima Tucson Homebuyer's Solution (PTHS) can be used for Single Family, Condo, Townhouse, 2-4 Unit, and Manufactured. New construction is eligible. Manufactured homes are eligible.

Pima Tucson Homebuyer's Solution (PTHS) serves homebuyers purchasing in Tucson, Arizona.

Applications for Pima Tucson Homebuyer's Solution (PTHS) go through Industrial Development Authority of the County of Pima and the City of Tucson (administered by Community Investment Corporation), 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.