PimaTucson LIGHTHOUSE Down Payment Assistance Program

What is 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.

How much assistance does it provide?

PimaTucson LIGHTHOUSE Down Payment Assistance Program provides assistance worth 4% of the purchase price, as set by the program.

• The program can be combined with Can be combined with Pima County HOME DPA and CIC Mortgage Credit Certificate (MCC).
• Amounts are the program's published maximums, not an offer — Community Investment Corporation (CIC) Tucson on behalf of Pima Industrial Development Authority (Pima IDA) determines any individual award.

Do you have to pay it back?

PimaTucson LIGHTHOUSE 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 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.

Who qualifies?

PimaTucson LIGHTHOUSE Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

PimaTucson LIGHTHOUSE Down Payment Assistance Program caps the purchase price at $665,173.

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

Is there eligibility for specific groups?

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.

Where does it apply?

PimaTucson LIGHTHOUSE Down Payment Assistance Program serves buyers 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.

How do you apply?

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.

1. 1

   Contact Community Investment Corporation (CIC) Tucson on behalf of Pima Industrial Development Authority (Pima IDA) to reserve funds

   Funds are reserved with the provider and are subject to availability.

2. 2

   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.