Home In 5 Down Payment Assistance Program

The Home in 5 (five) program is offered through Participating lenders to Home buyers that are looking in Pinal and Maricopa County.  The industrial Authority of the county of Maricopa and the Industrial Developement Authority of the city of Phoenix, Arizona have joined forces to help home buyers purchase homes in Maricopa county through FHA, VA or USDA loan programs by giving those that qualify for the program a non-repayable 5% (4% in Pinal County) toward closing costs and Down Payment.

Homebuyer Eligibility Requirements

-Buyers must have a minimum FICO credit score of 640 and maximum 45 debt-to-income (DTI) ratio.

-Standard loan guidelines exist for qualification (i.e., adequate income, acceptable credit, and down payment requirement).

-All buyers must attend a homebuyer education course and obtain a certificate of completion, and receive a home inspection.

- Maximum income must be under $90K ( no income requirements for military personel).

Program Elegibility

-May purchase a home anywhere in Maricopa and Pinal County, including in the City of Phoenix.

-Buyers must occupy the home as their principal residence within 60 days of closing.

-Must occupy the home for 1 year.

-Can be used on Single Family Residences, TownHomes or Patio Homes.

-The program may only be used to purchase a home (i.e., no refinancing).

-Home must be under $300,000.

Important Program Details:

-There is a 2% administrative fee so this program really equates to 3% down payment assistance program. Still great for those who qualify!

-Mortgage rates are a little higher so we suggest consulting your mortgage lender to see which mortgage option best fits your needs.

-This is a Grant and does not have to be repaid back and is not taxable as income.

Program details are subject to change so contact 480-788-7608 or email keithjacksonaz@gmail.com to receive the most current and up to date information on this program. The Keith Jackson Realty Team looks forward to working with you. 

Why Choose KJR?

  • Over 20 years of combined real estate sales and management experience
  • 100′s of homes successfully bought and sold
  • Family owned and operated – we treat all clients like family!
  • The KJR Team consists of two real estate brokers and a buyers agent – meaning experience and results you can count on!