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:  http://www.housingaz.com/azhfa/dpap.aspx 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) $25,000  (480) 926-7206  Flagstaff Affordable Housing Coalition Inc Community Homebuyer Assistance Program (CHAP) $10,972  (520) 214-7456  Glendale Los Vecinos Housing Development, Inc. First Time Homebuyer Program (FTHB) $40,000  (623) 435-2255  Multi Counties Community Services of Arizona Rural Home Purchase Assistance Program (RHAP) $10,000  (602) 280-1365  Northern Arizona Council of Government, Rural Home Purchase Assistance Program (RHAP) $10,000  (92 773-1135  Phoenix Community Housing Resources of Arizona (CHRA) Homeownership Incentive Program (HIP) $1,500  (602) 631-9780  Phoenix Neighborhood Housing Services of Phoenix Down Payment Closing Cost Assistance Program (DPCC) $2,500  (602) 258-1659  Phoenix Valley-CoRP Downpayment Assistance Program (DAP) $7,000  (602) 247-4764  Pima County Family Housing Resource Wells Homebuyer Assistance Gift (GIFT) $2,000  (520) 318-0993  Pima County Family Housing Resources Homebuyer Assistance Project (HAP) $2,500  Pima County Pima Gold Home Program $2,000  (520) 882-0018  San Luis Comite de Bien Estar Inc Forgivable Loan Gap Financing Program (FLGF) $25,000  (92 627-8559  Southern Arizona Government Organization, Rural Home Purchase Assistance Program (RHAP) $10,000  (520) 432-5301  Tempe Community Assisted Mortgage Program $17,500  (480) 350-8961  Tucson Chicanos Por La Causa HOME Investment Partnership Program (HIPP) $30,000  Tucson TMM Family Services Inc HOME Funds Grant Program (HOME) $20,000  Tucson TMM Family Services Inc. Federal Home Loan Bank of San Francisco Affordable Housing Program Homeownership Opportunities II (AHP) $17,000  (520) 322-9557  Tucson TMM Family Services Inc. First Time Home Buyer Grant Program (GRANT) $2,000  (520) 322-9557  Yuma County Housing America Corporation Rural Home Purchase Assistance Program (RHAP) $10,000  (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:    http://www.nehemiahcorp.org/