OPEN DOORS PROGRAM

UP TO $15,000 IN HOME LOAN DOWN PAYMENT ASSISTANCE

The City of Phoenix Open Doors Homeownership down payment assistance program offers up to a maximum of $15,000 towards your down payment and/or closing costs in the City of Phoenix jurisdictional area.  Income limitations and debt ratio limitations apply.  You must be a first-time homebuyer for this program.

Open Doors Homeownership PROGRAM DETAILS

City of Phoenix has created this program for individuals or families that need down payment assistance. The grant is combined with a FHA 30-year-fixed-rate mortgage. Financing for these loans are available on existing homes, condos (condo conversions not allowed), or townhouses.

Contact a licensed housing specialist now! 602-429-6789

PROGRAM ELIGIBILITY

  • Homebuyers may purchase a home in the City of Phoenix jurisdiction.
  • Buyers must occupy the home as their principal residence within 60 days of closing.
  • The program may only be used to purchase a home (i.e.: no refinancing).

INCOME LIMITS FOR ELIGIBLE BORROWER

Maximum credit qualifying income may not exceed 80% of AMI based on household size.

PURCHASE PRICE LIMIT

Maximum purchase price limit of $180,000.

DOWN PAYMENT ASSISTANCE

  • All homebuyers qualifying for down payment assistance will receive a grant on an as needed basis. Not all candidates will qualify for the full grant amount.
  • THIS ASSISTANCE IS A SECOND MORTGAGE WITH A 0% RATE fully forgivable after 15 years.

OTHER PROGRAMS