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Arizona Grants

There are many grants available in this State to assist a home buyer purchase a home. By using these grants it makes it possible to purchase a home with little or no money down. 

Below is a list of some of the grants available, as well as contact information for each. Some are State sponsored grants. Some are sponsored on the county or municipality level. 

Understand that many of these grants have limited funding, and most have income restrictions, so it is important to work with your mortgage lender and the non profit administering the grant program to ensure availability of funds. 

State Sponsored
Bank Sponsored Matching Funds Programs
Community/local Sponsored Grants
Seller Funded Down Payment Assistance Programs

State Sponsored 

The State of Arizona offers grants of up to $20,000 through the Arizona Housing Financing Agency. Below is a link to the State’s web site: 

Bank Sponsored Matching Funds Programs 

Banks that are members of the Federal Home Loan Banking system also offer IDA savings accounts. Visit the Regional Federal Home Loan Bank web site for more information.

Community/local Sponsored Grants

Arizona Southwest Housing Foundation Down Payment Gift Program (GIFT)
(480) 926-7206 

Flagstaff Affordable Housing Coalition Inc Community Homebuyer Assistance Program (CHAP)
(520) 214-7456 

Glendale Los Vecinos Housing Development, Inc. First Time Homebuyer Program (FTHB)
(623) 435-2255 

Multi Counties Community Services of Arizona Rural Home Purchase Assistance Program (RHAP)
(602) 280-1365 

Northern Arizona Council of Government, Rural Home Purchase Assistance Program (RHAP)
(92 773-1135 

Phoenix Community Housing Resources of Arizona (CHRA) Homeownership Incentive Program (HIP)
(602) 631-9780 

Phoenix Neighborhood Housing Services of Phoenix Down Payment Closing Cost Assistance Program (DPCC)
(602) 258-1659 

Phoenix Valley-CoRP Downpayment Assistance Program (DAP)
(602) 247-4764 

Pima County Family Housing Resource Wells Homebuyer Assistance Gift (GIFT)
(520) 318-0993 

Pima County Family Housing Resources Homebuyer Assistance Project (HAP) $2,500 

Pima County Pima Gold Home Program
(520) 882-0018 

San Luis Comite de Bien Estar Inc Forgivable Loan Gap Financing Program (FLGF)
(92 627-8559 

Southern Arizona Government Organization, Rural Home Purchase Assistance Program (RHAP)
(520) 432-5301 

Tempe Community Assisted Mortgage Program
(480) 350-8961 

Tucson Chicanos Por La Causa HOME Investment Partnership Program (HIPP)

Tucson TMM Family Services Inc HOME Funds Grant Program (HOME)

Tucson TMM Family Services Inc. Federal Home Loan Bank of San Francisco Affordable Housing Program Homeownership Opportunities II (AHP)
(520) 322-9557 

Tucson TMM Family Services Inc. First Time Home Buyer Grant Program (GRANT)
(520) 322-9557 

Yuma County Housing America Corporation Rural Home Purchase Assistance Program (RHAP)
(92 627-4221

Seller Funded Down Payment Assistance Programs

There are several non profit organizations that allow a seller to “donate” funds to them at closing, which is then given to the buyer as a down payment assistance grant. Presently, the federal government is reviewing these programs to determine whether this practice is an acceptable lending practice. By using one of these programs it is possible to purchase a home with little or no money. The seller needs to be a motivated seller, and the home needs to be priced correctly. Usually the sales price is inflated to cover the “donation”. The home must be able to appraise at the inflated price. These programs are initiated by the lender, so it is important to work with a local lender before you start looking for a home. The lender will also know how present legislation is affecting the program. The two most commonly used programs are The American Dream DAP and The Nehemiah DAP. Below are links to their web site.

American Dream:  http://www.americandreamdownpaymentassistance.com/dpa_app.cfm

Nehemiah Corp: