Eligible people can receive down payment, closing costs, and rehabilitation assistance through the Arizona Dream Downpayment Initiative. The amount of assistance cannot exceed $10,000 or 6% of the home’s purchase price, whichever is greater. Only first-time homebuyers (individuals who have not owned a home during the 36-month time period before purchasing a home) interested in purchasing single-family housing are eligible.
PROGRAM DETAILS in Arizona
These funds can be used for one- to four-family housing, condos, cooperative units, or manufactured housing. Incomes for those who qualify cannot be greater than 80% of the area’s median income.