City of Tempe Community Assisted Mortgage Program (CAMP)

What is City of Tempe Community Assisted Mortgage Program (CAMP)?

City of Tempe Community Assisted Mortgage Program (CAMP) is a deferred second loan for homebuyers in Tempe, Arizona, administered by City of Tempe Human Services Department - Housing Services.

• The City of Tempe's Community Assisted Mortgage Program (CAMP) provides zero-percent, non-amortizing deferred loans to income-eligible first-time homebuyers purchasing a primary home within Tempe. Assistance covers down payment and reasonable closing costs; the loan is forgivable if owner-occupancy is maintained for the required period and repaid on sale or move-out. Funded by federal HOME and CDBG dollars.
• Zero-percent deferred loan.
• Covers down payment and closing costs.
• Forgivable if owner-occupancy maintained.
• City-administered with local housing inspection.
• Funding comes from HOME Investment Partnerships Program (HOME); Community Development Block Grant (CDBG).

Do you have to pay it back?

City of Tempe Community Assisted Mortgage Program (CAMP) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• 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?

City of Tempe Community Assisted Mortgage Program (CAMP) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of Tempe Community Assisted Mortgage Program (CAMP) limits household income to 80% of the area median income, which varies by county and household size.

• Household income <= 80% AMI for Maricopa County; specific dollar figures not published on city page - contact Housing Services for current HUD table.
• The limit applies to total household income, not only the borrower&rsquo;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?

City of Tempe Community Assisted Mortgage Program (CAMP) can be used for Single Family, Townhouse, and Condominium.

• New construction is not eligible.
• Manufactured homes are not eligible.

Where does it apply?

City of Tempe Community Assisted Mortgage Program (CAMP) serves buyers purchasing in Tempe, Arizona.

How do you apply?

Applications for City of Tempe Community Assisted Mortgage Program (CAMP) go through City of Tempe Human Services Department - Housing Services, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact City of Tempe Human Services Department - Housing Services to reserve funds

   Funds are reserved with the provider 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.