Official Web Site of the City of Phoenix

This program is designed to assist first-time homebuyers in the purchase of single family homes throughout the city of Phoenix. There is $10,000 of available funding to assist with down payment and closing costs in the form of a loan for first-time homebuyers who have completed homeownership counseling provided by one of the nonprofit agencies partnering with the city of Phoenix.

Applicants must be first-time homebuyers: Someone who has not owned a home for at least the last three years.

Families must occupy the home as their principal residence.

Buyers are required to participate in pre-purchase homeownership counseling provided by one of the partnering non-profit agencies.

Annual gross income cannot exceed 80 percent of the Area Median. Maximum annual income (before taxes) for a household is based on the number of people who will live in the household. (See median income table)

Housing Purchase Information

Purchase Price Limit: The FHA Mortgage Limit for one (1) unit established for the city of Phoenix

Buyer is required to pay $1,000 toward the down payment.

Interest Rate
   a)The interest rate of the loan will be determined by the lender who finances the mortgage to buy the home.

The down payment assistance is in the form of a $10,000 loan to the homebuyer.

Homes must be purchased within the city of Phoenix

To apply for this program, contact one of the partnering non-profit agencies:

Arizona ACORN at (602) 253-1111

Chicanos Por La Causa (CPLC) at (602) 253-0838

Community Housing Resources of Arizona (CHRA) at (602) 631-9780

Neighborhood Housing Services of Phoenix at (602)258-1659