HIGHLIGHTED DOWN PAYMENT ASSISTANCE PROGRAM – Home in 5 (Hi5)
For those with minimal to no down payment, wait no longer to buy a home! Government funds are available to help. Get 3% of the sales price to use for your down payment. When coupled with a Realtor and Lender that are very familiar with Hi5, it is possible to purchase a home with no money down at all. If you are a veteran, teacher, firefighter, police officer or EMT you can get an extra 1% in aid. Another advantage for our veterans is that they can even use those funds to pay down their credit cards or other debt!
Potential homeowners must occupy the home as their primary residence and be purchasing a home under $300,000 in Maricopa County.
This program also has relaxed credit guidelines. After a short HUD-approved homebuyer education course, a 640 credit score and an income below $88,340, and a below 45% debt to income ratio, you are well on your way to low/no down payment home ownership!
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