PimaTucson LIGHTHOUSE Down Payment Assistance Program

PimaTucson LIGHTHOUSE Down Payment Assistance Program is a forgivable loan for homebuyers in Tucson, Arizona, administered by Community Investment Corporation (CIC) Tucson on behalf of Pima Industrial Development Authority (Pima IDA). Below-market 5.84% 30-year fixed rate. 4% DPA as fully forgivable 5-year lien. Veterans/active-duty exempt from FTHB requirement. Manufactured homes eligible. Target area buyers get higher income and price limits. Stackable with HOME DPA and MCC.

PimaTucson LIGHTHOUSE Down Payment Assistance Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale or refinance before 5-year period ends; prorated forgiveness may apply. 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.

PimaTucson LIGHTHOUSE 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: Active military, veterans, and buyers in targeted areas do not need to be first-time homebuyers. On credit, the program states: Must qualify for an approved government mortgage loan. Residency requirement: Pima County / City of Tucson. Mortgage must be obtained through a trained participating lender. Government loans only (FHA, VA, USDA). Buyer must apply through a trained lender; CIC does not accept direct applications. Active military, veterans, and target-area buyers waived from FTHB requirement. [orig: dpa_interest_rate: 0%; 5-year fully forgivable lien].

PimaTucson LIGHTHOUSE Down Payment Assistance Program limits household income to $116,265. 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.

PimaTucson LIGHTHOUSE Down Payment Assistance Program caps the purchase price at $665,173. New construction is eligible. Manufactured homes are eligible.

PimaTucson LIGHTHOUSE Down Payment Assistance Program names veterans and active-duty service members among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

PimaTucson LIGHTHOUSE Down Payment Assistance Program serves homebuyers purchasing in Tucson, Arizona. The program targets specific areas: Specific zip codes designated as Target Areas receive higher income limits and purchase price limits. Targeted neighborhoods: Designated target area zip codes within Pima County.

Applications for PimaTucson LIGHTHOUSE Down Payment Assistance Program go through Community Investment Corporation (CIC) Tucson on behalf of Pima Industrial Development Authority (Pima IDA), 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.