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Home Ownership Resources
There are many down payment assistance programs available for homes located in the City of Tucson as well as other areas within Pima County. For eligible buyers who need that assistance to realize their homeownership dream we encourage you to discuss your possible eligibility with our mortgage professional Michael Rohde with Altitude Home Loans. He can help you determine if you qualify and what steps to take next. Below is a list of a few programs he can discuss with you, that might be the right fit!
Information provided by Mike Rohde of Altitude Home Loans
1
City/County Down Payment Assistance
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Helps lower-income buyers with down payment & closing costs.
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The loan is deferred and forgivable (no payments).
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Potential Assistance Offered: Up to 20% of the Purchase Price (based on need and eligibility).
2
Arizona is Home
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Financial Assistance: Eligible first-time homebuyers in Pima County can receive up to $9,000 for down payment and closing costs, provided as a forgivable second mortgage with no payments or interest.
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Eligibility Essentials: Applicants must be first-time homebuyers, meet household income requirements (up to 120% AMI), and secure a competitive, fixed rate first mortgage through a participating lender.
3
Pima Tucson Homebuyer's Solution
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Offers a fixed-rate first mortgage paired with assistance for down payment and closing costs.
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Potential Assitance Offered: Varies (Assistance is available in multiple levels as a forgivable second mortgage or grant).
4
Mortgage Credit Certificate (MCC)
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This is not a Down Payment Assistance Program
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A federal tax credit claimed annually that saves you money and helps you qualify for a loan.
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How this could help: Up to $2,000 per year tax credit (as a dollar-for-dollar reduction of your federal tax liability)
Get in Touch
Our team is here to help with all of your real estate needs. Send us a message & we will be in touch!
520-542-2015
